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H UNGARY ’ S S TRATEGIC P ARTNER October 15 th, 2015.

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Presentation on theme: "H UNGARY ’ S S TRATEGIC P ARTNER October 15 th, 2015."— Presentation transcript:

1 H UNGARY ’ S S TRATEGIC P ARTNER October 15 th, 2015

2 2 10 7 7 Main Exports from Mexico to Hungary Source: ProMéxico with information from GTA. Products exported from Mexico to Hungary in 2014 (MUSD) 10 5 4 Computers Computer parts Motor parts 16 33 65 Steel manufactures Molds Radios Sinks, toilets, etc. Telephones Cables 3 Light vehicles 7

3 Trade balance Mexico – Hungary (MUSD) 3 193 1,177 984 58 235 177 exports imports trade balance Source: ProMéxico with information from GTA. +4x

4 Mexico will become the 8 th largest economy 4 Source: ProMéxico with information from Bloomberg and The Economist. China US India Indonesia Japan Germany Brazil Mexico UK France 2050 Economy moves up rankings Economy moves down rankings Economy remains at rankings 105,916 70,913 63,842 15,432 11,367 11,334 10,334 9,826 9,812 9,671

5 Source: ProMéxico with information from Bloomberg. *Figures to March, 2015, Data from JPMorgan Chase & Co reported by the IMF in the Global Financial Stability Report (april 2015), p. 14 Mexico leads bond benchmarks 5 MexicoIndonesiaTurkeySouth AfricaBrazilRussiaColombia 18.933.34645.360.596.9167 85921177323735485 Exchange rate (%) 10-year bond USD (pb) Just 3 sovereign nations in recent history have issued 100-year bonds: China, in 1996; the Philippines, in 1997; and Mexico in 2010, 2014 and 2015.

6 Mexico: a rising global star 6 Source: ProMéxico, with information of BCG.

7 TOTAL GRADUATES IN THE AREAS OF ENGINEERING, MANUFACTURING AND CONSTRUCTION (LATEST DATA AVAILABLE) BrazilMexicoGermanySpainUnited Kingdom United States Comparison of Graduates in Mexico and other countries 7 Source: ProMéxico with information of UNESCO. 50,000 100,000 150,000 200,000 250,000 2010 2011 2012

8 We are committed to free trade 8 Our FTAs give privileged access to 1.2 billion consumers. With the TPP, Mexico will increase its presence in Australia, Brunei, Malaysia, New Zealand, Singapore and Vietnam. Source: ProMéxico with information of Brazil: OAS; China: Chinese Ministry of Commerce; Colombia: Colombian Ministry of Commerce; United States: Office of the US Trade Representative; Chile: Direcon; Mexico: Ministry of Economy. 6 economic complementation agreements TPP FTAs with 46 countries

9 9 Mexico as part of NAFTA +50 border crossings with the US. NAFTA market= 19 trillion USD. 16 trillion European Union. 1 million people and 300 thousand vehicles crossing the border daily. NASCO Corridor Source: ProMéxico with information of SCT/ US Department of Transportation.

10 Opportunities between Mexico and Hungary 10 Automotive IT Telecom Medical devices

11 Worldwide producer of light vehicles (3.22 millions of units). of the top leading OEM’s are located in Mexico. Occupied workers: 66,017. The automotive industry in Mexico accounts for: 3% of the National GDP. 17% of the manufacturing GDP. 20% of the FDI. 32% of Mexican total exports. Exporter of light vehicles (2.64 millions of units). More than 300 Tier 1 suppliers established in Mexico. World´s largest vehicle producer in the world (3.39 million units). 7 th 100 % 4 th Key Indicators for Mexico (2014) 11 Source: ProMéxico with information of AMIA, OICA, Ministry of Economy, INEGI, ANPACT and the GTA. 7 th

12 Beetle - Beetle Cabrio Jetta -Jetta TDI Nuevo Jetta - Nuevo Jetta TDI Golf Sportwagen Crew cab Journey Fiat 500 RAM 1500 RAM 2500 RAM 3500 RAM 4000 - RAM 4000 Diesel Promaster Aveo Avalanche Captiva Sport Escalade GMC Sierra Silverado 1500 - Silverado 2500 - Silverado 3500 SRX Sonic Trax Fusion MKZ Fiesta Mazda 2 Mazda 3 Tacoma CRV Fit March Sentra Tiida Tsuru Versa Note Frontier NV 200 largo (NY Taxi). Other Nissan vehicles: Pick-up doble cabina Pick-up doble cabina diesel Pick-up largo Pick-up largo diesel Chasis largo Chasis largo diesel Estacas largo Production Luxury vehicles produced in Mexico Production Models exclusively made in Mexico Cars and trucks awarded with the: “Northamerica Car & Truck of the Year”. Light vehicles produced in mexico 12 Source: ProMexico.

13 Mexico: Light vehicle production, 2008-2020 (millions of units) /f: forecast for the year Source: ProMéxico with information of AMIA (2008-2014), Global Insight (2014-2020). Light vehicle production in Mexico 13 2.1 1.5 2.3 2.5 2.9 3.2 3.4 3.6 4.2 4.5 4.8 5.0 Mexico will be the 5 th largest global producer in 2020.

14 IT Mexico’s Market Overview 14 Total IT Market (Billion US$) IT Market as % GDP IT market, nominal value growth, % Y- Y 1.20% 1.21%1.22% 17%15%14%11%10% Source: ProMéxico with information from Business Monitor International, Information Technology Report. *Forecast Hardware (Billion US$) Services (Billion US$) Software (Billion US$) *

15 Telecommunications Reform 15 Source: ProMéxico Infrastructure Services network Contents

16 Medical devices in Mexico 16 9th 1 st Source: ProMéxico with information from the Global Trade Atlas. Largest exporter of medical devices worldwide. 1 st supplier to the US. Exporter in Latin America Platform for exporting to the Pacific Alliance.

17 www.promexico.gob.mx promexico@promexico.gob.mx @ProMexico 17


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