Transcript Mexico

MEXICO’S COMMITMENT TO FREE TRADE
July 1st, 2014
Solid macroeconomic environment
Evolution of inflation, exports and international reserves in Mexico (1994- 2013)
Billion USD
Inflation 2013
3.97%
Reserves 2013
Record-high
Billion USD
176
Exports 2013
Record-high
380 Billion USD
Manufacture
s
Oil
Primary
Reserves
Inflation
Source: ProMéxico with information of INEGI / Bank of Mexico.
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We are commited to free trade
Our FTAs give privileged access to 1.2 billion consumers.
45 countries
with FTA’s
Brazil
China
8
19
20
42
United States
Colombia
With the TPP, Mexico will increase its presence in Australia, Brunei, Malaysia, New
Zealand, Singapore and Vietnam.
Source: ProMéxico with information of Brazil; China: Colombia:; United States: ; Chile: Direcon; Mexico: Ministry of Economy.
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Components of aggregate demand in Mexico
Real growth rate Q1. 1993 – 3rd Qtr. 2013 over values in Mexican pesos
Growth
Concept
Total demand
Intake
Gross fixed capital formation
Exports of goods and services
Source: ProMéxico, with information of INEGI, 2014.
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Exports per capita
Exports per capita (selected economies), 1993 - 2013
1994
2013
Thousand USD
Thousand USD
Canada
5,154.4
9,613.4
USA
1,912.7
4,466.3
Mexico
599.4
Russia
0.0
1,848.7
China
97.6
1,599.7
Brazil
268.2
1,099.6
India
26.7
195.7
2,796.5 x5
5
Source: ProMéxico with information of GTA/ Bank of Mexico/ Ministry of Commerce and Industry of Brazil / Russia’s Central Bank/ BEA/ Stratcan.
Total trade in comparison with GDP
60.4%
23.1% 51.4%
1994: NAFTA
Mexico
USA
Canada
Source: ProMéxico with information of INEGI
Banco de México/ Stratcan/ BEA.
16.4%
26.7%
55.6%
Mexico
USA
Canada
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FDI flows into Mexico (1999-2014*)
38,286
MUSD
Record-high
5,821*
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Source: ProMexico with information of the Ministry of Economy. General Directorate of Foreign Investment. */ Figures to Q1 2014.
Germany: 7th investors in Mexico
FDI in Mexico per country of origin (1999-Q1 2014)
47,156
173,475
43,966
USA
26,263
Netherlands
Spain
17,832
Others
Canada
Luxemburg
Belgium
5,144
Switzerland
14,724
UK
Japan
Germany
7,872
9,119
7,892
Source: ProMéxico with information of the Ministry of Economy.
8,654
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German investment in Mexico
Record-high
1.7 billion USD
USD
Source: ProMéxico with informacion of the Ministry of Economy.
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Mexico’s FDI outflows
(Million USD)
MUSD
25,597
12,937
Source: ProMexico with information of UNCTAD.
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A sophisticated economy
Exports of Medium and high manufactures as percentage of
the GDP (2013)*
Source: ProMéxico with information of IHS – Global Insight. / * Only G20 nations.
1
South Korea
28.9%
2
Germany
24.8%
3
Mexico
4
China
16.7
%
14.1%
5
France
12.4%
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Mexico’s global leadership
AEROSPACE
• Mexico is the 6th
supplier to the
American
aerospace industry.
ELECTRICELECTRONIC
• Leading flat
television screen
exporter in the
world.
Source: ProMéxico with information of FEMIA, GTA, AMIA y OICA.
AUTOMOTIVE AND
AUTOPARTS
• 8th producer and 4th
exporter globally of new
light vehicles in the world.
IT
• 3rd largest
exporter in the
world.
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Map of advanced manufacturing in Mexico
Tijuana
Mexicali
Tecate
Ciudad
Juárez
Nogales
Aerospace
Hermosillo
Chihuahua
Monclova Nuevo Laredo
Reynosa
Saltillo
Auto parts
Los Mochis
Torreón
Culiacán
Ramos
Arizpe
Tampico
Zacatecas
Electric-electronic
S.L.P.
Aguascalientes
Querétaro
Ciudad
Sahagún
León
Medical devices
Guadalajara
Silao
Estado de
México
Morelos
Source: ProMéxico.
Automotive
Monterrey
Mérida
Tlaxcala
Puebla
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Exports in the advanced manufacturing corridor in
Mexico, 2012
(Billion USD / % of the total share)
San Luis Potosí
7.2 (2.2%)
Nuevo León
25.8 (8.1%)
Aguascalientes
Querétaro
6.2 (1.95%)
7.4 (2.3%)
Guanajuato
Hidalgo
10.0 (3.1%)
1.5 (0.5%)
Tlaxcala
1.0 (0.3%)
Puebla
12.3 (3.8%)
Source: ProMéxico with information of INEGI.
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Trade between tlaxcala and the US
Source: ProMéxico with information of Brookings.
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NAFTA’s vehicle production (1993-2013)
USA
1993
2013
(Units)
(Units)
13,900,000
16,355,000
Canada
Mexico
USA
10,900,000 2,000,000 1,000,000 11,045,00
Source: ProMéxico with information of the vehicle associations of each country.
Mexico
Canada
2,930,000 2,380,000
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Increase in production capacity
Tijuana
San Luis Potosí
Celaya
50,000 units
80,000 units
250,000 units
Aguascalientes
San José de Chiapa
250,000 units
150,000 units
Salamanca
240,000 units
Morelos
75,000 units
Source: ProMéxico with data from Near-Sourcing: Made in Mexico
Puebla
75,000 units
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Emerging opportunities for German companies in the
automotive sector
10
opportunities in the
automotive sector
Punching and stamping
11.8
Foundry
9.9
Forging
Machining
Injection molding
Die casting
Other components
Auto interiors
Cables and wires
2.2
bn USD
Source: ProMéxico with information provided by the major OEMs and Tier 1 in the country.
Electronic assembly
bn USD
bn USD
9.2
bn USD
9.1
bn USD
6.4
bn USD
3.9
bn USD
3.3
bn USD
2.7
bn USD
2.5
bn USD
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www.promexico.gob.mx
[email protected]
@ProMexicoTW
+52 (55) 54 47 7000
Camino a Santa Teresa 1679,
Col. Jardines del Pedregal
CP 01900, México, D.F.
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