Borderlands Mexico is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week in Borderlands Mexico: USMCA gives Mexico an edge as global trade barriers rise; **** eX plans $16.8B semiconductor factory in Texas; and Taiwan-based AI firm to invest $450M in Ciudad Juárez.
Mexico is experiencing a new export boom that could strengthen its position at the center of North American supply chains — but whether that boom translates into a broader nearshoring investment wave and faster economic growth remains an open question.
The latest surge is being powered increasingly by technology rather than the automotive industry that has traditionally dominated Mexican manufacturing.
BBVA México economists said the country's exports of machinery covered under Chapter 84 of the Harmonized System — a category increasingly driven by computers and data-processing equipment — have doubled in just a few years to roughly $200 billion on a trailing 12-month basis.
Founded in 1932, BBVA México is the largest financial institution and bank in the country.
#boom #increasingly #xico #usmca
Mexico is experiencing a new export boom that could strengthen its position at the center of North American supply chains — but whether that boom translates into a broader nearshoring investment wave and faster economic growth remains an open question.
The latest surge is being powered increasingly by technology rather than the automotive industry that has traditionally dominated Mexican manufacturing.
BBVA México economists said the country's exports of machinery covered under Chapter 84 of the Harmonized System — a category increasingly driven by computers and data-processing equipment — have doubled in just a few years to roughly $200 billion on a trailing 12-month basis.
Founded in 1932, BBVA México is the largest financial institution and bank in the country.
#boom #increasingly #xico #usmca
2 months ago
