NEARSHORING
Mexico, the most attractive country for foreign companies
Mexico ranks ninth out of 10 economies with the highest labor availability, profitability, regulatory impact and productivity, according to the Total Workforce Index (TWI) 2022 report.
Mexico's competitive advantages
Trade agreements with various countries
Low import and export tariff costs
strategic geographic location facilitating logistics and goods transportation
Highly skilled labor force and a growing technological infrastructure
Lower labor and production costs
INTERACTIVE DASHBOARD
The following dashboards show information on the competitive advantages of the Mexican states for nearshoring
Nearshoring Score​
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This score created by Banorte is an indicator for measuring the suitability of Mexican states regarding nearshoring based on the following factors: geographic location, costs, talent, infrastructure and regulation, with 10 being the state with the greatest potential for nearshoring.
State Competitiveness Index (ICE)
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The ICE is a tool that measures the capacity of Mexican states to generate, attract and retain talent and investment. It is calculated from a series of indicators that are grouped into 10 sub-indices, including market efficiency, innovation and more.
Industry Density
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This dashboard shows the density of industries per Mexican state per 100 thousand inhabitants according to data from the National Statistical Directory of Economic Units (DENUE).
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