May 22, 2025 MexicoCRE - MexicoFDI - Newsletter Edition

Mexico´s Top Export States: 2024 Highlights & Q1 2025 Trends 📈
Mexico continues to strengthen its position as a global manufacturing and export powerhouse! Here’s a snapshot of the ten most important export states in 2024 and key insights from the first quarter of 2025.

🔝 Top 10 Export States in Mexico (2024)
Rank State % of Total ExportsKey Export Sectors
1 Chihuahua 13% Automotive, Electronics
2 Coahuila 12% Automotive, Manufacturing
3 Nuevo León 11% Automotive, Machinery
4 Baja California 10% Electronics, Manufacturing
5 Tamaulipas 6% Automotive, Electronics
6 Guanajuato 6% Automotive
7 Jalisco 5% Electronics, Computer Products
8 Sonora 5% Manufacturing
9 San Luis Potosí 4%Manufacturing, Industrial Investment
10 México (State) 4% Diverse Manufacturing Sectors

📊 Key Export Figures for 2024
Total exports reached $299.4 billion USD in the first half of 2024.
95% of exports were non-oil, with 93.6% coming from manufacturing.
The automotive sector led the way:
Passenger cars exports hit nearly $29 billion USD in H1 2024.
Other top export products:
Vehicle parts, trucks, computers, crude oil, electrical conductors, medical devices, tractors, and spark plug wire sets.
States excelling in electronics and computer exports include Mexico City, Jalisco, Chihuahua, Tamaulipas, and Baja California.

📈 Trade surpluses with the US (2024):
Chihuahua: $53.8B
Nuevo León: $32.6B
Baja California: $32.4B

🚀 Export Performance in Q1 2025
Mexico exported $131.29 billion USD worth of goods to the US — a 9.5% increase compared to Q1 2024. Mexico remains the largest exporter to the US globally.

Top export categories in March 2025:
Vehicles: $14.1B
Nuclear reactors & machinery: $11.8B
Electrical & electronic equipment: $8.84B
Leading export states continue to be:
Jalisco, Querétaro, San Luis Potosí, Nuevo León

Mexico’s trade surplus with the US grew by 19% in Q1 2025 to $47.25 billion USD.

🔍 What This Means
Strong nearshoring trends and industrial investments are fueling growth in key states.
Mexico’s robust trade relationship with the US continues to be a major growth engine. Mexico’s export story is one of innovation, resilience, and strategic growth. Whether you’re in manufacturing, logistics, or international trade, these trends highlight exciting opportunities ahead!

🚀 MexicoCRE - Guadalajara New Office Boom from Agribusiness, Logistics, Pharma and Tech companies - 20,000 m² (215,280 sq ft) of New Office Space Coming in 2025!

📊 Key Market Insights: • Guadalajara is adding 20,000 m² of prime office space by 2025

💡 Market Projection: The Mexico Commercial Real Estate market is set to grow from USD 269.62B (2023) to USD 355.03B by 2031 , representing a robust 3.5% CAGR and USD 85.4B total growth.

🎯 Why This Matters: This expansion signals strong confidence in Mexico's tech ecosystem and demonstrates the growing demand for modern office spaces in key tech hubs. The historically low vacancy rates and substantial commitments from tech companies indicate a thriving market with tremendous potential for continued growth.

💼 Looking Forward: As we witness this remarkable transformation in our real estate landscape, it's clear that Mexico is cementing its position as a leading destination for tech companies and real estate investment.

Mexico has secured the fourth spot globally among retirement destinations, as per the Global Retirement Index 2025. This comprehensive report by research firm Mercer assessed over 40 countries to identify the most favorable retirement environments. Mexico shines for its blend of affordable living costs, quality healthcare access, delightful climate, and seamless integration into local communities.

In my experience, I have assisted numerous companies from diverse nations in their transition to Mexico. It's truly remarkable to witness many of these executives, now close friends, that came for business now are choosing to settle down in Guadalajara for their retirement.

Besides Mexico, the top 10 of the best countries to retire include Panamá (No. 1) Portugal (No. 2), Costa Rica (No. 3), France(No. 5), Spain (No. 6) Malaysia (No. 7), Greece (No. 8), Italy (No. 9) and Thailand (No. 10).

https://internationalliving.com/the-best-places-to-retire/

🏭 Alpura Mexican dairy giant unleashes $10 billion peso expansion revolution. Here's how this massive investment will reshape the industry:

Transform production capacity with state-of-the-art automated systems across 5 manufacturing facilities, boosting daily output by 40% within 24 months.
Revolutionize distribution networks by establishing 3 new strategic logistics hubs in Central Mexico, enabling same-day delivery to 85% of the national market.
Implement cutting-edge sustainability initiatives including water recycling systems and solar power integration, reducing environmental impact by 30%.
Create 2,500 direct jobs and support 15,000 local dairy farmers through modernized collection centers and fair-trade partnerships.
Develop innovative product lines targeting health-conscious consumers, including lactose-free and plant-based alternatives.

 "A New Era for North American Trade: How Mexico and the U.S. Are Shaping the Future of the USMCA (T-MEC)"

Big changes are ahead for North American trade!🚨 
The Mexico-U.S. commercial relationship is undergoing a significant transition that could redefine the future of the USMCA (T-MEC). While tariffs on key industries like steel, aluminum, and automotive remain a challenge, over 80% of trade between Mexico and the U.S. continues tariff-free, demonstrating the resilience of this pivotal trade agreement.

As shared by Secretary Marcelo Ebrard, there’s promising news for the North American automotive industry:
➡️ A new U.S. decree will likely grant preferential treatment to Mexican and Canadian automakers, cutting tariffs by 40-50% compared to other regions.
➡️ By incorporating assembly into the rules of origin, Mexican manufacturers—heavily reliant on exports to the U.S.—are positioned to benefit significantly.

But it’s not just about cars! The future of the T-MEC will focus on:
✅ Boosting regional competitiveness in AI, semiconductors, minerals, and data centers.
✅ Aligning trade laws across Mexico, the U.S., and Canada to create a stronger, united economic region.
✅ Reducing reliance on imports from Asia and developing strategic production capacities within Mexico.

This transition is more than just policy—it’s a new economic reality for the region. As Ebrard noted:
*"Regional integration will become much more important—it’s a matter of costs and geopolitical efficiency."*

With the T-MEC review process slated for 2026 (but increasingly likely to start earlier), businesses and policymakers must prepare now to navigate these shifts.

🌟 Why Mexico Remains a Top Nearshoring Destination! 🌟

In the ever-evolving landscape of global business, Mexico continues to shine as a prime nearshoring destination. Despite recent challenges stemming from U.S. tariff policies, which have temporarily paused some investments, the potential for growth remains robust.

Citi´s latest insights reveal that while uncertainty surrounds the profitability of new projects, clarity on "the rules of the game" will empower companies to make informed decisions.

With at least 30 multinational companies eager to relocate to Mexico, the country’s solid infrastructure and security measures are crucial for attracting these investments.

As we move forward, it’s imperative that we ensure the necessary infrastructure and security are in place to support this influx of businesses. Together, we can build a thriving environment for innovation and economic growth in Mexico!

🔎 Walmart Mexico - Investment in Yucatam
Major Retail Expansion - $98.3 Million Investment Announced in Mexican Market.
A strategic move that signals robust growth in the retail sector.

Discover how retail giant Walmart Mexico and Central America is transforming the Yucatan market through strategic expansion:

Transform local retail landscape through establishment of 27 new stores across multiple formats including Bodega Aurrera, Sam's Club, and Walmart Supercenter, creating significant market presence in the region through 2027.

Generate substantial economic impact with investment of 1,900 million pesos, building upon existing network of 61 stores and strengthening the company's position as leading retailer in Yucatan since their first Sam's Club opening in 1995.

Create meaningful employment opportunities by adding to their current workforce of 3,600 direct permanent jobs, demonstrating long-term commitment to regional economic development and community growth.

Expand omnichannel shopping experience to meet evolving consumer needs, ensuring customers have access to products and services through multiple touchpoints when and how they prefer to shop.

Build upon existing 5,400 million peso investment foundation in the region, showcasing sustained commitment to market development and customer service excellence in Yucatan state.

☎️ CONTACT US

DiscoveryCRE is Mexico's Premier Commercial Real Estate Liaison Specializing in Nearshoring and Industrial Tenant Site Selection. We help companies make informed SITE SELECTION decisions. Manufacturing and Logistics Operations.

When nearshoring to Mexico, having the right partner makes all the difference. Our team primarily represents industrial tenants and buyers providing expert site selection and facility acquisition for manufacturing and logistics companies across Mexico.

Ready to simplify your Mexico expansion?

USA and Canada Toll free number 1 (800) 603-3460
Mexico Toll Free number 800 099 1437
Guadalajara Telephone number +52 33 3348 2317
[email protected]

Thank you for reading our edition of the MexicoCRE Newsletter. Stay tuned for more updates and investment opportunities! 🙏