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Mexico’s Aerospace Industry Set for Export Recovery in 2023

robert valadez

Mexico City / 08.25.2023 12:10:00

The Mexican Federation of the Aerospace Industry (Femia) reported that 2023 It will continue to be a year of recovery in exports, derived from a greater economic activity and a better scenario in aviation.

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The executive president of the Femia, Luis Lizcanohe commented that there are sufficient reasons to think that this year he will follow the path of increasing the levels prior to the coronavirus pandemic.

The manager recalled that 2019before the health crisis, a figure of aerospace exports of 9 thousand 600 million dollars; while in 2022 it was already close, having an amount of 8 thousand 104 million dollars.

With this scenario, we anticipate that it will be in 2023 when the industry will exceed pre-pandemic levels and thus continue with growth for the coming years.

The president of the Femia, Luis Lizcanoexplained that of the 32 states in the country, 20 of them have companies in this sector, but the majority are concentrated in Sonora, Chihuahua, Nuevo León, Baja California and Querétaro.

The manager stated that of the parts manufactured in Mexico for the air sector, 80 percent is destined for USA; follows him Canada, with 4.7 percent; 3.5, to France and 3.2 percent to Germany.

Among the new plans in the industry is our interest in the potential agreement of TFree Trade Agreement (FTA) of Mexico with the United Kingdoma derivative that would become an important market, he said.

Luiz Lizcano reported that in view of this scenario they have had a slight rapprochement with officials from the Ministry of Economy to discuss this issue.

The executive stated that it is expected that in the coming years more states will join the list of aerospace parts producers and the figure will increase to 20 entities.

MRA

2023-08-25 18:24:17
#Aerospace #industry #continue #recovery #Femia

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