Driven by the manufacture of automobiles and trucks, the Global Manufacturing Export Value Added (GVAEMG) 2024 reached an amount of 3.64 trillion pesos , a figure that represented 17.9% of the total value of production of the manufacturing industry as a whole, reported the National Institute of Statistics and Geography (Inegi) .
The agency detailed that the sectors that contributed most to the 2024 VAEMG were automobile and truck production ( 26.9% ), automotive parts manufacturing ( 18.6% ), and computer and peripheral equipment manufacturing ( 3.8%) . Meanwhile, the manufacture of other electrical equipment and accessories contributed 1.6% .
The Inegi emphasized that, together, these activities contributed 67.3% of the VAEMG during 2024, which confirmed the concentration of value in strategic sectors.
In terms of production, global manufacturing accounted for 40.4% of total manufacturing output; while domestic intermediate consumption was 33.3% of VAEMG.
Meanwhile, manufacturing activities involved in global value chains generated 2,310,299 paid jobs , equivalent to 30.6% of total manufacturing employment. This level was 3.7% lower compared to 2023.
The three branches with the largest share were the manufacture of parts for motor vehicles with 19.5%; the manufacture of non-electronic equipment and disposable material for medical, dental and laboratory use, and ophthalmic articles with 7.4%; and the manufacture of electronic components with 6.1 percent.
“The VAEMG is the value that the national economy adds to export products that are part of a global manufacturing production process. It also represents the value of the national content that manufactured goods export in global value chains,” Inegi emphasized.
In the lead-up to the next review of the United States-Mexico-Canada Agreement (USMCA) , scheduled for 2026, these figures take on relevance, since various industries involved in global value chains will be part of the dialogue tables of the trilateral trade agreement, something that takes on relevance in a context where the imposition of tariffs has changed the rules of trade in the world.
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