Mexico is the biggest supplier of automotive parts to the United States, accounting for one-third of all imports.
The United States experienced an increase of 5.4% of manufactured vehicles, which places it right behind China, according to the International Organization of Motor Vehicle Manufacturers (OICA). The development of the automotive industry also has had a positive impact on the logistics sector.
"In the U.S., we are seeing a significant growth in our operations because of Mexico's automotive boom, which positively affects us." says Frank Guenzerodt, president & CEO of logistics services provider Dachser USA. "Nearshoring in Mexico has become more attractive for U.S.-based companies in the past years instead of outsourcing operations to China."
Mexico was the biggest supplier of car parts to the U.S., accounting for 34% of the imports in 2014.