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    Export sector in Nuevo León maintains contraction during the pandemic

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    July 9, 2020

    Figures released by the State Government for the month of April regarding exports from the State show that, at the onset of the pandemic, the shipment of products abroad showed considerable state exports show that, at the beginning of the pandemic, the shipment of products abroad showed a considerable contraction. contraction. With an annual decline of more than 30% in that month, exporting companies and those linked to their value chain, showed a considerable contraction. and those linked to their value chain experienced a severe blow to their sales. Among the most affected sectors was the automotive (transportation equipment) sector, which showed a drop of more than 62% in exports.

    It is important to note that the drop in exports did not begin in April, but rather has been on a downward trend since the beginning of the year, as a result of lower overall foreign trade activity. The downward trend has continued since the beginning of the year, as a result of the lower overall foreign trade activity. As a result, the state's aggregate exports in the state accumulated a 9.1% decline as of April 2020.

    The impact on the export sector is not minimal, as it affects SMEs and large companies linked to foreign trade, as well as those that supply inputs to these exporters. and large companies linked to foreign trade, as well as those that supply inputs to these exporters. If this trend continues the economic recovery period, the impact on the industry will entail a loss of jobs and investment. investment.

    Therefore, we call on the authorities to take action to facilitate the shipping process for exporting companies in Nuevo Leon. companies in Nuevo León the process of shipping products. With the recent entry of the T-MEC, it is necessary to take advantage of its advantages by simplification of operational processes for SMEs, ease of paperwork and attractive financing schemes. attractive financing schemes.

    CAINTRA NUEVO LEÓN