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LATIN AMERICA: "Doing Business in Argentina 2017 - Guide"

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back to index backLATINtalk March,  2005

Importance of the mechanical sector in the Mexican economy

The metal-mechanical sector plays a vital role in the country's economy, given that it supports a large range of industries in Mexico (mining, fishing, agroindustry, electric, electronics, steel, metallurgy, ports, oil, automobiles, transport, etc.). It also accounts for almost 12% of manufacturing sector GDP, extends to more than 30,000 companies throughout the country and employs over1,700,000 people, of whom 64% work in big companies.

The year 2002 witnessed a fall of 0.6% in Mexico's industrial sector, in which the basic metals industry grew 0.7% and metal products, machinery and equipment fell by 1.7%, as a result of worldwide recession and the deceleration of what is generally a buoyant domestic market. However, forecasts for 2003, given the possible reactivation of the world economy, especially in the US, suggest that industrial output in Mexico will increase by 2.8%, with the basic metals industry and the machinery and equipment industry growing by almost 2.0%.

For the entire article covering Exports, Imports, Balance, Destination of Exports, Regional Location and Perspectives, Foreign Direct Investment in Mexico, Opportunities for Investments, click here.

Source: Bancomext - Invest in Mexico - GAI

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Brazil's Economic Growth Is Highest in 10 Years
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The employment relationship in Brazil
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Let's Sell Brazil
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Congress approves 2005 tax reform
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Importance of the mechanical sector in the Mexican economy
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