Maquiladora production up 9.1%

Chihuahua, Chihuahua— Manufactured goods exported by Mexico went up 9.1% in the first quarter of 2012, when compared to even term in 2011, according to an analysis made by the Mexican Council of Maquiladora and Export Manufacturing Industry, Consejo Nacional de la Industria Maquiladora y Manufacturera de Exportacion (INDEX). The study points-out that Maquiladora and Export Manufacturing Industry (IMMEX) increased sales by 9.57%, which in the first three months of the year reached US$44.985 billion, making the sector the largest Mexican products seller, accounting for 63.6% of total manufactures and 50.2% of Mexican exports. This clearly shows that Export Manufacturing Industry is an essential pillar of Mexico’s economic development, for it has sustained the expansion of international trade, INDEX pointed-out. It further says that Maquiladora industry is mainly located in Mexico’s north border, where it has transformed economic development, so much that at states such as Baja California, Chihuahua and Tamaulipas IMMEX accounts for 80% of workers registered with the Mexican Social Security Institute by processing industry.