Aeronautic Industry growing in Mexico
The Mexican aerospace sector has recorded annual growth rates of 17.2% over the last nine years. According to the 2010-2020 Strategic Program of the Aerospace Industry coordinated by the Ministry of Economy (SE), exportation is expected to reach US$12.26 billion in 2021, with average annual growth rates of 14%. One of the important propellers of the aeronautic industry is commercial aviation, which is estimated to grow 5% annually for the next 20 years. Annual exports are expected to peak at US$12.3 billion by 2020, thus upholding 110,000 direct jobs within the aeronautic industry.