Driven by the manufacturing of cars and trucks, the Global Manufacturing Export Added Value (VAEMG) 2023 reached an amount of 3.41 trillion pesos , a figure that represented 17% of the total value of production of the manufacturing industry as a whole, and 42.6% of the value of total production of the manufacturing sector, reported the National Institute of Statistics and Geography (Inegi) .
The organization detailed that the branches that contributed the most to VAEMG 2023 were the production of automobiles and trucks with 27.9% , manufacturing of parts for motor vehicles with 18.3% , and manufacturing of computers and peripheral equipment with 3.9 percent .
This was followed by the manufacture of non-electronic equipment and disposable medical, dental and laboratory materials, and ophthalmic articles; audio and video equipment; electronic components; as well as the non-ferrous metals industry, except aluminum; beverages; the production of equipment for the generation and distribution of electric energy, and other electrical equipment and accessories.
Inegi stressed that together, these activities contributed 67.6% of VAEMG during 2023.
In turn, manufacturing activities involved in global value chains generated 30.6% of the jobs reported by the manufacturing industry as a whole, which represented a level higher by 1.6% compared to 2022.
“The VAEMG is the value that the national economy adds to export products that are part of a global production process. It also represents the value of the national content that manufactured goods export in global value chains,” explained Inegi.
With a view to the review of the United States-Mexico-Canada Agreement (T-MEC) in 2026, these figures become relevant since various industries involved in global value chains will be in the discussion of the teams that make up this trilateral trade agreement.
The president-elect of the United States, Donald Trump , has already threatened to impose 25% tariffs on Mexico, and according to specialists, one of the industries in our country that would be most affected would be the automotive industry, whose contribution to VAEMG 2023 was the most important, according to Inegi.
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