CrossborderInforma: Shifting Leadership? Trends in Mexico’s Maquiladora/IMMEX Industry
Crossborder Group has just completed an analysis of the most-recent INEGI data for Mexico’s maquiladora/IMMEX industry — some findings of which are presented at right in our CrossborderInforma briefing (download here, or by clicking on the image [PDF, 175kb]). Beyond the fact that Mexico’s IMMEX companies are continuing their rebound from the 2008-2009 recession — ending 2010 with a respectable 1.81 million employees (9.1% growth year-over-year compared to December 2009) — several other findings stand out:
- Border states captured only 63% of the nearly 165,000 jobs created in the maquiladora/IMMEX sectors in 2010;
- Nuevo León has surpassed Baja California for second-place in terms of total IMMEX employees (despite the negative security image, Chihuahua remains in first-place); and…
- Northwest Mexico states’ IMMEX employment grow at a significantly slower rate than many Northeast and Central states. For example, in 2010, IMMEX employment grew far more quickly in Querétaro (+14.7%), Edo México (+14.5%), Coahuila (+14.2%), San Luis Potosí (+13.5%), Nuevo León (+13.3%) and Guanajuato (+12.6%) compared to maquiladora powerhouses Chihuahua (+5.5%) or Baja California (+6.0%) — or key states like Jalisco (+4.4%) or Sonora (+8.4%).
Do these shifts in IMMEX industry growth reflect underlying changes in the competitive offerings of these States, or are they temporary fluctuations caused by a variety of factors? Download our one-page CrossborderInforma briefing above for more details and our initial thoughts — and feel free to contact Crossborder as we continue to analyze Mexico’s manufacturing regions and their industrial opportunities.