Summary
Mexico's aerospace sector is growing rapidly, helped by manufacturing strengths and foreign investment. The upcoming review of the USMCA trade agreement, which helped boost the industry, could affect its future. Concerns about tariffs and trade policies add uncertainty to the sector's continued growth.
Key Facts
- Mexican President Claudia Sheinbaum said the aerospace sector could grow 15% each year for the next four years.
- The aerospace industry's growth is due to strong local manufacturing and increasing exports.
- The USMCA trade agreement has been important for Mexico’s aerospace industry, fostering growth.
- Mexico is the sixth-largest supplier of aerospace parts to the United States.
- Recent tariffs on materials like steel and aluminum have caused concerns about trade stability.
- There is uncertainty about the future of USMCA, with President Trump suggesting it might expire next year or be renegotiated.
- Mexico aims to be one of the world's top 10 countries in aerospace production value.
- Heavy investment in education and training has helped Mexico’s aerospace sector, particularly in Queretaro, where Bombardier leads development.
