Mexico's Main Export MarketSat, 09/01/2018 - 10:48
Despite having trade agreements with 46 countries, Mexico's main market for automotive exports remains the US. Over 80 percent of its total automotive production goes to this country, including assembled vehicles and auto parts. Thanks to NAFTA, the relationship between Mexico and its northern neighbor has grown strong and deeply intertwined in benefit of both nations. Mexico has also been a significant market for American OEMs that for years have positioned among the Top 10 brands in the country.
The NAFTA negotiation might have created uncertainty among American players, especially those with the most recent operations in Mexico. However, the industry expects talks to end on a positive note for the North American region to continue enjoying growth.