According to data from INEGI, maquiladora industry exports registered an annual growth of 6.7% between January and October 2024 during Mayor Norma Alicia Bustamante of Mexicali’s administration. This is in comparison with the same period in 2023.
The volume of exports exceeded 57 billion pesos in the first 10 months of the year, another historic record set since INEGI began recording data from the Baja Californian capital.
Executives consulted by the Bank of Mexico (Banxico) for their third quarter’s regional economy report explained some of the reasons for this boom. They emphasized, for example, that export demand for construction products in the United States is climbing due to their environmental certifications. Similarly, this country’s machinery and equipment manufacturers found strong demand for their products.
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For their part, Banxico revealed that “cement manufacturers reported that demand was boosted by the construction of industrial warehouses for relocation projects in the northwestern part of the country.”
Regarding the automotive industry, business sources singled out the continuously increasing demand for pickup and sports trucks in the United States.
Meanwhile, Banxico highlighted that “executives of the food industry that produce flours and soy pasta said that demand remained at high levels, both at a national level and for exports.”
“Regarding sales abroad, they linked their growth in the United States with obtaining the sanitary certificates that permitted an increase in participation in this country’s market,” business executives explained.