The pandemic caused a collapse in the Mexican economy during 2020, as in most of the nations of the world.

According to official data from the National Institute of Statistics and Geography (INEGI), the GDP of our country contracted by 8.5% compared to 2019.

However, three activities have achieved significant economic progress for Mexico in recent months, such as the transportation industry, which has moved in the opposite direction to the national impact, as has the automotive and manufacturing sector, which suffered, but much less than other industries.

An evaluation by the Ministry of Transportation found that the transportation sector contributed 5% of the national GDP in 2020. The logistics and manufacturing industries also contributed important figures, since they represent 50% of the labor force in our country, pointed to a whitepaper from the Dickies workwear manufacturing company.

The transport sector has effectively resolved the obstacles of the pandemic world, adapting to the new needs and demands of the current environment.

This has been possible thanks to the investment in technology, the equipment of its fleets and the performance of human capital in favor of safe and efficient logistics.

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This sector was in charge of mobilizing 82% percent of the land cargo in Mexico to establish a positive growth rate of the gross domestic product, during the period between 2020 and 2021.

Automobile manufacturing also accounts for a large part of Mexico's economic production.

Although it suffered a severe blow in 2020, the automotive sector has recovered and is rebounding in the current year; Proof of this is that the Mexican Automotive Industry Association (AMIA) sees a growth of 12% by the end of 2021 thanks to the manufacture of more than 3 million units.

During the last years, Mexico occupied the first places worldwide as a producer of cars, trucks, parts and components; being the main supplier of auto parts in the United States.

The current state of this industry shows a stability that benefits the country in many aspects, one of which is the supply of transport demands.

State of Mexican manufacturing.

Regarding the national manufacturing sector, studies reveal that this industry participates in 17% of GDP in Mexico.

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According to information from the Statista Research Department, only in 2020 an estimated foreign investment of 12 million dollars was attracted to the country.

Currently there are more than 579 thousand 828 establishments dedicated to the production of food, machinery, textile products, among others, the whitepaper highlighted.

Despite the positive figures, problems in transportation, the rise in the price of raw materials and energy or the lack of essential components such as microchips threatens the plans of companies in these and other sectors.

Businessmen and experts assure that it is an “extremely complex” situation that is a direct consequence of the covid-19 pandemic, which in 2020 paralyzed global activity, causing a real upheaval in production chains.

Specialists consider that the current situation is very complex and it will be difficult to rebalance supply and demand.

In Solili you can consult industrial warehouses available in Monterrey, Ciudad Juárez and Tijuana

Original note