Industry revenue of “Trucks and truck tractors manufacturing“ in Mexico 2012-2024

Automotive manufacturing is a strategically important sector in Mexico providing many jobs and also contributing significantly to the country’s GDP. Mexico is currently enjoying a strong phase in truck and truck tractor manufacturing with revenues expected to increase from 14.6 million U.S. dollars in 2018 to around 18 billion U.S. dollars by 2023. This is majorly due to an increase in the presence of global manufacturers in the country.

Currently, truck and bus manufacturers with major plants in Mexico include some of the biggest companies worldwide including Navistar International, Kenworth, Mercedes-Benz, Freightliner, Volkswagen, Toyota, Volvo and Daimler. In fact, Toyota recently announced that it would be stepping up pickup truck production at its New Mexican plant to 100,000 vehicles a year by 2021, in an effort to move manufacturing away from the U.S. The new plant in the state of Guanajuato allows Toyota to increase production to 266,000 trucks a year at full capacity.

Industry revenue of “Trucks and truck tractors manufacturing“ in Mexico from 2012 to 2024

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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (MXN -> USD) = 0.051

The industry classification is based on the Scian 2017 - system in Mexico. The industry “Trucks and truck tractors manufacturing“ has the code “336120“.

Details on the methodology can be found here.

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