Mexico fact of the day

…high-tech exports such as machinery, the aerospace sector, computers and electronics accounted for more than 17 per cent of Mexico’s GDP last year, only trailing South Korea and Germany and even ahead of China, according to state trade and investment promotion agency, ProMexico.

Mexico’s central state of Guanajuato, for example, was once a prime New World silver supplier, accounting for nearly a third of global supply at its height.

Now it claims to house the country’s most dynamic car producing and auto parts cluster, netting investment of $7.7bn in the past seven years, and boosting output in the first eight months of this year by nearly 18 per cent, compared with last year, according to regional officials.

That is from Jude Webber at the FT.


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