Although recent sociopolitical issues have hurt pockets of Mexico’s economy, the country’s aerospace industry
is thriving. In 2018, sector exports are expected to grow 13.13 percent in comparison to the previous year, the
highest rate for the past five years, to reach a total of US$8.5 billion, according to FEMIA. This impressive
performance is underpinned by a young workforce, an ideal location and a competitive labor force, convincing
OEMs that the country represents an excellent opportunity.
The sector has mostly managed to circumvent the worst effects of Mexico’s trade dispute with its northern
neighbor but industry members are still keeping close track of any changes brought about by the USMCA deal.
Mexico’s aerospace industry also has its own challenges. For starters, currency volatility is affecting Mexican
manufacturing across the board due to a strong dollar against the Mexican peso.
