The electronic industry focuses on devices or components that process some kind of information. The industry is divided into five large segments: audio and video; computers and office; semiconductors; communications; and medical equipment and precision, measurement, control and optical instruments.
In 2015, Mexico ranked as the 8th largest producer of electronics in the world and 1st in Latin America. According to estimates, production in Mexico's electronic industry was almost to 62 billion dollars in 2015.
That same year, exports from the industry reached 75.867 billion dollars, the main destination being the United States, with an 86.2% share, followed by Canada, France, Netherlands and Colombia.
The products with the largest share in exports are computers, followed by flat screen TVs and mobile phones.
Mexico is particularly competitive in the consumer electronics segment, where it ranks among the top global exporters in some products. In 2015, Mexico's share in global exports of televisions and computers was significant; it was the leading exporter of flat screens, ranking above highly competitive Asian countries. Furthermore, it was the fifth largest computer exporter in the world.
The major global electronics leaders have operations in Mexico because it enables them to serve the US and Canadian markets. Nine of the top ten transnational electronics manufacturing services (EMS) are established in Mexico. Samsung, LG, Toshiba, Foxconn, Flextronics and Intel are some of the global companies with presence in Mexico.
According to data from INEGI (National Statistics and Geography Institute), there are 766 economic units from the industry in Mexico, concentrated in Baja California, Mexico City, Chihuahua, Sonora, Nuevo LeÃ³n and Jalisco. Moreover, the electronics manufacturing industry creates close to 291 thousand jobs in the country.
According to figures from the Secretariat of Economy, between 2009 and 2015 accumulated foreign direct investment in the electronic industry summed 7.677 billion dollars, concentrated mainly in the segment of communications equipment.
In 2015, foreign investment in this industry reached 646 million dollars, mainly from the United States, Netherlands, South Korea, Sweden and Japan.
•Talent. According to National Association of Universities and Institutions of Higher Education's data, 115 thousand engineering and technology students graduated annually from Mexican institutions.
•Competitive Costs. Mexico stands out as the country with the lowest operation costs in the Americas, in the manufacturing of electronic components and equipment, according to a study by KPMG.
•Logistics Access. There are significant advantages due to Mexico's closeness to the North American market.