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Mexico, the Big Winner of Nearshoring: GBM

Grupo Bursátil Mexicano (GBM), a leading financial institution in the investment sector in Mexico, presented its report "Nearshoring: the new 'Mexican Moment'", highlighting the competitive advantages that our country offers in the context of this economic phenomenon.

The information, compiled by a team of over 30 specialists comprising GBM Research's economic research unit, was presented by the Chief Economist of the company, Miriam Acuña.


"Mexico and North America as a whole are poised to become the most competitive economic region on the planet in the next decade," Acuña stated. "Even when analyzing our country's natural competitors, we find that we have advantages ranging from labor and infrastructure to demographic and geographic aspects that position us well to fully exploit this historic development opportunity."


The GBM Research team classifies the nearshoring period as the third transformative economic moment the country has experienced in the last 30 years, starting with the signing of the North American Free Trade Agreement in 1994 and the structural reforms to industries such as energy and telecommunications in 2013, combined with the current context. Among the most relevant aspects of the presentation, the following factors stand out:


  • North America is the world's most dynamic region, responsible for 29% of global GDP, surpassing even China and the European Union according to data from the International Monetary Fund, and the destination for over $373 billion in foreign direct investment, the highest figure for any region worldwide.

  • Mexico has access to over 55% of global GDP through 12 trade agreements encompassing 52 countries, making Mexico one of the most open economies in the world.

  • Mexico has transformed its external sector over the last 40 years. Exports in the country have grown nearly 25 times, while shifting from primarily exporting oil to becoming a manufacturing powerhouse, also producing one of the most skilled workforces globally.

  • Mexico is in a strong demographic position, with a median age of just 29 years, whereas direct competitors, such as Vietnam and China, have median ages of 32 and 38 years, respectively. This demographic bonus also allows the country to enjoy greater savings capacity.



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