Nuevo Leon forecasts a 15% growth in exports

NUEVO LEON – The National Council of the Maquiladora and Export Manufacturing Industry (INDEX) estimated that by the end of this year, sales of products and services abroad will have grown by 15% with respect to the previous year. In 2022 the main challenge will be to continue with the good performance of exports and employment.

"It is expected that IMMEX exports (Manufacturing, Maquiladora and Export Services Industry) will conclude 2021 with a growth of 15% at annual rate, due to the high demand for goods presented by the United States and the low comparative," said Teresa Galindo, General Director of Index Nuevo Leon.

For this reason, it is expected that employment of companies in the Manufacturing, Maquiladora and Export Services Industry Program (IMMEX) will grow by 10%.

Exports from the state amounted to US$37.8 billion in 2020, the main sectors in exports were: transportation equipment with 31.2% share, followed by home appliances with 20.3% and electrical generation equipment with 18.2%.

On the other hand, exports by state, according to data from the National Institute of Statistics and Geography (Inegi), show that in the second quarter of 2021 Nuevo Leon reached US$10,756.3 million, which represented an increase of 56.58% compared to the same period in 2020.

For 2022 in economic matters, the main challenge will be to continue with the good performance of exports and IMMEX employment in the face of the growing demand from the United States, mainly due to the Infrastructure Plan Agreement approved by the Congress of that country last November.

The directive ruled out for the end of this year and the beginning of 2022 a reduction, or even a halt in the sector's activities as a result of the impact of a resurgence of COVID-19 infections.

Source: El Economista