The Mexican auto parts industry registered a new historical record in the value of its production in March with $10.41 billion, 16.1 percent more than in the same month last year, the general director of the National Auto Parts Industry (INA, business chamber) said at a press conference, Alberto Bustamante.
Mexico is the main supplier of auto parts to the US automotive industry, contributing 43.0 percent of total imports, a figure that far exceeds second place, Canada, which contributes 11.0 percent. It also surpasses China (7.4 percent of the total imported), Japan (6.9 percent) and Germany (6.0 percent).
Bustamante said that the auto parts industry in Mexico received $398 million in Foreign Direct Investment in the first quarter, 29.4 percent or $166 million less than the same period last year.
The main investor was the United States with 67.0 percent of the investment, followed by Germany with 27.2 percent and the United Kingdom with 5.7 percent.