Mexico Grows Rapidly as a Major Automotive Maker and Exporter, Business and Industry Trends Analysis

Over the past several years, Mexico has grown to become a major producer and exporter of cars, trucks and other vehicles.  Mexico’s economic growth is expected to continue over the mid-term, fueled by its relatively young population (between 2000 and 2030, Boston Consulting Group expects the labor force there to grow by 18%, while China’s will fall by 3%).  Manufacturing wages are relatively low, at about $2.30 per hour as of May 2017.  Mexico is home to a variety of advanced manufacturing industries.  Automotive production, for example, has catapulted Mexico to be the world’s 4th-largest exporter of cars behind Germany,…

A Representative List of Organizations that Have Used our Research and Products: