The Mexican Tax Authority (SAT) has recently extended the grace period to meet the Carta Porte requirements from March 31, 2022 to September 30, 2022.

The Carta Porte requirements will apply to all cross-border freight.

The Carta Porte requirements require preparation and testing. We have been working with our shippers to proactively determine any additional data needs prior to implementation and are testing the new process. We have seen varying degrees of preparedness from our customers and if you have not started working on meeting these requirements with your Schneider representative, please reach out to them as soon as possible.

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Mexico was the United States’ No. 1 trading partner in February, knocking China off the top spot and into third place. The last time Mexico ranked No. 1 was April 2021.

Mexico’s trade with the U.S. increased 16% year-over-year in February to $56.25 billion:

• Imports from Mexico increased 19% to $33 billion
• U.S. exports to Mexico increased 13% to $23.7 billion

Port Laredo was the top-ranked U.S. port of entry for trade with Mexico in February, totaling 211,347 commercial truck crossings, a 27.5% increase from the same month in 2021.

A recent Wall Street Journal article highlights the increase of nearshoring as a result of the pandemic.

According to procurement software firm, Jaggaer, the company from 2020 to 2021 tracked:

• A 514% increase in Mexican suppliers receiving bids from its big U.S. buyers.
• A 155% increase in Latin American suppliers receiving bids.
• At the same time, the company found those manufacturers sought goods from 26% fewer suppliers in the Asia-Pacific region.

They have also seen manufacturers adding suppliers to their supply chain.

The combination of expanding supplier relationships and bringing production closer to end users, is a growing effort to keep product on shelves.

Mexico was the fourth-largest auto parts manufacturer in the world during 2021, according to the Mexican National Auto Parts Industry Association (INA), producing $94.78 billion worth of auto parts, a 21% increase from $78 billion in 2020.

INA said the increase was due to greater demand for regional value content for passenger vehicles in the manufacture of auto parts to comply with provisions in the United States-Mexico-Canada Agreement (USMCA).

To remain duty free, vehicles assembled in North America must have 75% of their components made in the North American region, according to USMCA.

Schneider offers Mexico cross-border shippers expertise in a difficult market.