Mexico’s Recently Announced Trade Surplus to be Highlighted in CPI’s Third Quarter Baja Manufacturing Tour

Co-Production International (CPI) announces its Baja Manufacturing Tour for this coming July 25th as Mexico releases positive trade surplus of almost $510 million dollars ending this April

With the country’s National Institute of Statistics and Geography (INEGI) reporting an April 2013 deficit of $1.22 billion dollars, this announcement has US companies keen on the Mexico manufacturing sector’s sector’s growth and contribution to export statistics reported for this year. CPI’s third quarter tour comes at a timely moment and aims to give US firms first-hand access to the benefits of manufacturing in Baja California.

It’s these positive reports and statistics that’s contributing to the high enthusiasm for CPI’s third quarter manufacturing tour. CPI’s Marketing Director, Denisse Martinez, said this 3rd installment of their industrial tour is starting to receive reservations from US firms interested in seeing Mexico’s manufacturing sector up close and personal. The tour includes visits to world class manufacturing facilities, industrial sites, meetings with experts in setting up operations in the country, along with regional's lifestyle and taste of Baja Cuisine.

The access CPI provides US manufacturing executives was a major hit during their 2013, 4th quarter tour of aerospace manufacturing facilities in Baja California, Mexico. “We’ve kept up the specialized tours every quarter since then,” said Martinez, adding “Mexico has become the new China and executives in various manufacturing sectors want to see the success of nearshore operations for themselves.”

Martinez said their industry tours have attracted executives from the aerospace and defense, automotive, medical device and electronics manufacturing sectors. They are drawn to manufacturing hubs like those in Tijuana, Baja California, which boast a strong and low-cost, highly-skilled workforce, reduced logistics cost to major North American markets, and strong free trade agreements reducing import/export costs. “The tour always features industry leading manufacturing facilities with international accreditations and certifications such as NadCap and ISO,” Martinez added.

Foreign sales of manufactured goods accounted for 83% of exports in April with a majority bound for major US and Canadian markets, INEGI also reports. The surplus achievement for this April was a surprise exceeding projections by most economic outlets. A Bloomberg survey had expected the figure to be a $433 million deficit. “The strong export rebound is behind this surprise, and this is positive for growth in the coming months,” Marco Oviedo, the chief Mexico economist at Barclays Plc, told Bloomberg News.