FOCUS | MEXICO M


120 100 80 60 40 20 0


 Industrial  Manufacuring  Mining


exico’s industrial construction sector is projected to expand by 1.9% in real terms in 2026, followed by average


annual growth of 2.6% from 2027 to 2030, driven by increasing export activity and rising investment in chemical and vehicle parts manufacturing facilities. According to INEGI, merchandise exports (in US dollar terms) rose by 8.1% year on year in January 2026, following growth of 17.2%


in December and 7.9% in November 2025, while annual export values increased by 7.6% in 2025 and 4.2% in 2024. However, growing volatility in US tariffs and uncertainty around trade policy are creating a more complex outlook for 2026, particularly for manufacturing and exports. In early February 2026, Swiss flavours and fragrances company Givaudan announced a MXN2.1bn ($110m) investment to build an


advanced fragrance compounding facility in Pedro Escobedo, scheduled for completion in 2029 with an annual capacity of 20,000–25,000 tonnes. Earlier, in January 2026, US automotive manufacturer General Motors (GM) revealed plans to invest MXN18.7bn ($1.0bn) in its Mexican operations over 2026–27 to upgrade plants in Toluca, Silao, San Luis Potosí and Ramos Arizpe, while in another major development, Transition


Mexico, manufacturing and mining production volume indices (original, 2018=100), % change YoY


ochmagazine.com | Summer 2026 11


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