Nuevo Leon exports increased drastically in the third quarter of 2022
The National Institute of Statistics and Geography (INEGI), reported that Nuevo Leon exports increased 30% year over year in the third quarter of 2022 – the highest amount in history for any quarter of the year. INEGI also reported that in the third quarter of 2022, Nuevo Leon was ranked third in exports, behind Chihuahua and Coahuila.
For the third quarter of 2022, exports were largely comprised of the manufacturing of transport equipment, electrical and appliances, machinery and equipment, computer and communication equipment and basic metal industries.
Annually, through the first three quarters of 2022, Nuevo Leon exports increased by 110% in animal products, and a 50% increase in the manufacturing of furniture, mattresses and blinds.
Exports from Mexico continue to increase as a whole
For a larger picture of exports from Mexico as a whole, as of third quarter in 2022, exports continue to be at all-time highs – 43% higher than imports, and 35% higher than the same period in 2021.
This trend of much higher exports than imports from Mexico has been occurring for about 10 years but has drastically accelerated since the pandemic. From a transportation perspective, for every southbound shipment there are close to double that amount flowing northbound to the U.S.
For these reasons, it is important to diversify freight strategies and to develop resiliency in shipper cross-border strategies. Schneider works with our shippers to study and optimize their networks and to develop a Capacity StackingSM strategy, utilizing multiple modes of transportation for their cross-border freight. For many shippers, this results in expanding beyond only utilizing truckload freight and adding modes like Dedicated and Intermodal.
About the Mexico Transportation Market Update
Schneider publishes this regular transportation market update to keep you informed of freight market conditions, supply and demand influencers, and disruptions that may impact your supply chain.
This report is developed by leveraging data and analytics from multiple transportation industry resources.
This report focuses on the Mexico Transportation Market. View the full Transportation Market Update here.
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