Mexico’s National Auto Parts Industry (INA), the fourth largest in the world, registered a new historical record in the value of the production of its members with $10.68 billion, 13.5 percent, year-over-year, according to a report from the business chamber.
In the accumulated January-August period, the value of production totaled $80.1 billion, 17.7 percent or $12.2 billion more compared to the same period last year.
Of the total accumulated production, five states contributed 56.9 percent. Coahuila is the main auto parts economy in Mexico with 15.2 percent of the total with $12.4 billion of production. The other four are Guanajuato (12.9 percent), Nuevo León (12.2 percent), Chihuahua (8.7 percent) and Querétaro (7.9 percent).
Mexico is the largest supplier of auto parts in the United States with a market share of 42.9 percent, far surpassing the second largest supplier, Canada with 10.9 percent, and China, which contributes 7.7 percent.
In the first eight months of the year, auto parts exports totaled $69.9 billion, 18.1 percent more than the same period last year. The value of imports totaled $45.3 billion. Thus, Mexico's trade surplus was $24.6 billion.
With more than 900 companies members of the INA, Mexico is the fourth largest supplier of auto parts in the world, only surpassed by Japan, the United States and China.