Nuria Minondo

05Nov

Tariffs in Mexico in 2026: Important Information for Manufacturers

noviembre 5, 2026 Nuria Minondo

Tariffs are now among the most important factors manufacturers consider when planning operations in Mexico. Understanding how tariffs, trade agreements, and rules of origin interact in 2026 is essential for managing costs and building an efficient supply chain.

Mexico can still offer real trade advantages — but how much depends on what’s being imported, where it originates, where it is being exported, and how the operation itself is structured.

What Manufacturers Should Know About Mexico’s Tariffs

Mexico applies different tariff rates depending on a product’s type and origin. In January 2026, the country implemented changes affecting more than 1,400 tariff classifications — primarily products imported from countries with which Mexico has no free trade agreement. Affected sectors include automotive, textiles, steel, aluminum, plastics, appliances, furniture, and footwear, among others.

That makes it essential for manufacturers to confirm the tariff classification and origin of their materials before finalizing an import strategy.

USMCA Can Make a Difference for Exporters

For companies looking to manufacture in Mexico, one of the most important factors is the United States-Mexico-Canada Agreement (USMCA).

Products that meet the agreement’s rules of origin can receive preferential tariff treatment when entering U.S— but qualification isn’t automatic. Manufacturers need to understand which rules of origin apply to their products and perform the corresponding analysis to confirm qualification in addition to keeping the documentation needed to support those claims.

During the mandatory six-year joint review of the USMCA, conducted on July 1, 2026, by the Free Trade Commission, the United States decided not to extend the agreement in its current form. Nevertheless, the agreement remains fully in effect for the remainder of its original 10-year term, with an expiration date scheduled for July 1, 2036.

Trade Deal Status

Talks between Mexico and the US are in process. According to Reuters, the agreement under discussion would aim to give Mexico relief from U.S. tariffs in exchange for addressing U.S. concerns over automotive content requirements and Chinese investment in Mexico. For its part, Mexico is pushing for a reduction in U.S. tariffs on the following industries: automotive, steel, and aluminum.

What Should Manufacturers Do?

If tariffs represent an important factor when considering investing in Mexico, manufacturers should evaluate:

A complete cost analysis can help manufacturers understand what their Mexico operation will actually cost before committing to production.

Manufacturing in Mexico Requires a Strategic Approach

Mexico’s tariff environment in 2026 isn’t simply a matter of whether tariffs are high or low. The real impact depends on the product, its origin, the trade agreement that applies, and how the manufacturing operation is structured.

Navigating manufacturing in Mexico involves more than setting up production. Companies also need to manage local compliance, hiring, payroll, customs, and day-to-day operations.

Mexcentrix helps foreign companies establish and operate manufacturing activities in Mexico, providing the local support needed to navigate the practical side of doing business in the country.

If your company is evaluating manufacturing in Mexico, contact us, Mexcentrix can help you understand the process and build a successful strategy designed for long-term operations.

04Nov

Mexico Approves Tax Exemptions for Automotive Sector

noviembre 4, 2026 Nuria Minondo

The plenary session of the Chamber of Deputies approved the amendments introduced by the Senate to the Income Tax Law (ISR), which exempt the automotive and gasoline industries from the proposed cap on tax deductions and losses.

With 349 votes in favor and 92 against, and no abstentions, lawmakers approved the amendments both in general and in particular, sending the bill to the Federal Executive for subsequent publication in the Official Gazette of the Federation (DOF).

With this decision, the entire fiscal package included in the 2027 Economic Package was finally approved. Although the deadline for its approval expired on October 31, lawmakers argued that the date applied only to the Federal Revenue Law.

The federal government’s original proposal sought to impose a cap on tax deductions and losses for companies with revenues of US$2.6 million, as part of efforts to combat tax evasion and avoidance.

However, the Senate voted to introduce a specific provision exempting automotive companies and gas stations from the measure, drawing criticism from opposition lawmakers.

“It should be noted that the implementation of this mechanism takes into account the operational and economic characteristics of certain productive sectors, in order to avoid effects that could unjustifiably harm their competitiveness and development,” argued Carol Antonio Altamirano, chair of the Finance and Public Credit Committee.

Source: Mexico Now

28Oct

Mexico Extends the Electronic Value Declaration Deadline: Key Dates and Compliance Considerations for Importers

octubre 28, 2026 Nuria Minondo

Mexico has granted importers additional time to prepare for the mandatory electronic submission of the Manifestación de Valor Electrónica (MVE), or Electronic Value Declaration. According to the announcement issued by Mexico’s tax and customs authorities in October 2026, the deadline has been extended to October 31, 2026, while mandatory implementation will begin gradually on November 1, 2026, depending on the applicable customs regime.

This phased approach gives companies additional time to adapt their internal procedures, organize supporting documentation, and coordinate with customs brokers and other stakeholders involved in import operations.

What Is the Electronic Value Declaration?

The MVE is an electronic declaration submitted through Mexico’s Single Window for Foreign Trade Procedures (Ventanilla Única de Trámites de Comercio Exterior). It allows importers to report the information used to determine the customs value of imported goods and provide the supporting documentation required under Mexican customs regulations.

The electronic process replaces the traditional paper-based approach with a digital submission system. Consequently, companies must ensure that the information declared is accurate, complete, and consistent with their commercial and customs records.

Gradual Implementation Schedule

Under the announced transition schedule, the mandatory submission dates vary according to the customs regime involved.

Companies should identify the customs regimes applicable to their operations and confirm the corresponding implementation date before establishing their compliance timelines.

Source: Holland & Knight, “Mexico Further Extends Deadline for the Electronic Value Declaration,” October 7, 2026.

Documentation and Recordkeeping Requirements

Preparing the MVE involves more than completing an electronic form. Importers must have access to the commercial, financial, contractual, and logistics information needed to support the declared customs value.

Depending on the transaction, relevant documentation may include:

Commercial invoices and purchase orders.
Transportation and insurance documents.
Proof of payment.
Contracts associated with the transaction.
Information regarding the origin and provenance of the goods.
Documentation supporting additions to the transaction price, known as conceptos incrementables.

Maintaining an organized electronic file can help companies verify the accuracy of the information submitted and respond more efficiently to potential requests from customs authorities.

Transitional Facilitation Measures

During the transition, certain administrative facilities may reduce the need to upload the same information more than once.

For example, some supporting documents may not require a separate transmission when they are already attached to the corresponding customs declaration (pedimento). In addition, companies may use Form E15 to report general information about contracts associated with the MVE, rather than uploading each complete contract individually through the Single Window, subject to the applicable requirements.

These facilities do not eliminate the obligation to maintain supporting records. Companies should preserve the relevant contracts and documentation in their electronic foreign trade files and make them available to the authorities when required.

How Companies Should Prepare

Importers can use the additional preparation period to review their processes and address potential compliance gaps before the applicable mandatory date.

Map customs operations. Identify the customs regimes used by the company and determine which implementation date applies to each type of import.
Review supporting documentation. Verify that invoices, payment records, contracts, freight charges, insurance costs, and other relevant documents are available and consistent.
Coordinate with customs brokers and suppliers. Establish clear procedures for obtaining missing information and resolving discrepancies before an import declaration is processed.
Strengthen digital recordkeeping. Organize documents in a structured electronic file to facilitate retrieval, verification, and compliance reviews.
Establish internal controls. Assign responsibility for preparing, reviewing, transmitting, and retaining MVE information, including procedures for correcting inconsistencies.

Why Early Preparation Matters

Although the extension provides additional time, it does not eliminate the underlying compliance obligations. Incomplete documentation, inconsistent transaction information, or errors in the declared customs value may expose importers to customs reviews and potential penalties, depending on the circumstances and applicable regulations.

For companies with frequent imports or complex supply chains, early preparation can also help reduce administrative bottlenecks and improve coordination between finance, purchasing, logistics, and foreign trade teams.

Mexico’s phased implementation of the Electronic Value Declaration represents an important change in customs documentation and compliance procedures. Businesses should take advantage of the additional preparation period to verify their documentation, review internal controls, and establish reliable processes for meeting the applicable deadlines.

A proactive approach can help importers navigate the transition more efficiently while maintaining accurate records and supporting compliance with Mexico’s foreign trade requirements.

At Mexcentrix, we help companies navigate Mexico’s foreign trade and regulatory environment. Contact our team to learn how we can support your operations and compliance strategy.

14Oct

Trump pushes Mexico for more cross-nation tie-ups between energy companies, FT reports

octubre 14, 2026 Nuria Minondo

Oct 9 (Reuters) – US President Donald Trump has insisted on more deals and tie-ups between Mexican and ‌US energy companies in a call with Mexican President Claudia Sheinbaum, the Financial Times reported on Friday.

The leaders have also discussed ⁠a deal similar to the one signed last year with South Korea, in which Seoul agreed to buy $100 billion of US energy products and invest billions more in the US, the FT said, ‌citing ⁠people familiar with the matter.

A US official told the FT the leaders discussed the prospect of Mexico increasing ⁠purchases of US natural gas, on which it already depends for about three-quarters ⁠of its demand. The talks were focused on reducing Mexico’s ⁠trade surplus with the US, the official said.

Source: Reuters

01Oct

Why IMMEX Companies Cannot Ignore Digital Transformation

octubre 1, 2026 Nuria Minondo

Mexico’s manufacturing sector is evolving faster than ever. Between nearshoring growth, stricter customs oversight, and increasing pressure for operational transparency, export companies are entering a new digital era.

For businesses operating under the IMMEX program, this shift goes far beyond automation. It now shapes who wins new contracts, who clears audits without friction, and who keeps growing as the rules get stricter.

Industry experts have started calling this transition “IMMEX 4.0”: which is a strategic plan for the modernization, digitalization, and interoperability of customs and tax systems.

The End of Fragmented Trade Operations

For years, many IMMEX companies have run their operations on disconnected systems:

spreadsheets for inventory tracking,
manual reconciliation processes,
separate customs databases,
and limited integration between finance, logistics, and trade compliance teams.

We still see this constantly: teams that know their operation inside and out, but are stitching it together with three or four tools that were never designed to talk to each other.

That model is becoming harder to sustain. Authorities now expect faster reporting, cleaner data validation, and greater visibility into temporary imports, and inventory movements, especially for companies that count with the VAT and IEPS Certification.

As digital oversight starts to grow, a mismatched inventory record, a late reconciliation, an inconsistency between what was declared and what was filed can trigger real consequences such as the risk of an audit and more importantly fines and penalties.

This is why manufacturers are accelerating investment in ERP integrations with Annex 24 softwares, automation platforms, and real-time inventory management tools: not because it’s trendy, but because manual reconciliation can no longer keep pace with how fast authorities cross-check data.

From Paperwork to Real-Time Data Matching

One of the biggest operational changes in recent years is how much Mexican authorities now validate electronically.

Companies already operate inside a digitized tax ecosystem, including among others:

CFDI invoicing,
Annex 24 – which is the foreign trade inventory control software that tracks temporary imports
Annex 30 – is the Credit and Guarantees Account Control System (SCCCyG), a mechanism through which the SAT will control the unreturned balances and subject to the benefit of the tax credit, granted to those who are certified in VAT and IEPS.
electronic accounting,
electronic value manifesation sheet

And even though there is more digitalization needed, authorities are looking to cross-check data automatically to flag inconsistencies between:

imports,
inventory balances,
returns,
invoices,
and tax filings.

Where Technology Now Makes or Breaks Contracts

The conversation around IMMEX has moved past “are we compliant.” Technology now directly affects the things clients actually evaluate before signing:

operational speed,
audit readiness,
customer confidence,
and supply chain reliability.

Companies with automated processes respond faster to:

customs requirements,
client requests,
inventory validations,
and regulatory changes.

What Should IMMEX Companies Be Doing Now?

IMMEX 4.0 is not in force yet and is still evolving conceptually, but companies don’t need to wait for a formal regulatory announcement to start modernizing. Some practical steps worth prioritizing:

automating inventory reconciliation
tightening Annex 24 accuracy
centralizing trade compliance data in one place,

The Advantage of Moving Early

Mexico still has a long way to go on digital transformation. Some authorities and systems are further along than others, and IMMEX 4.0 is still in process.

That’s exactly why timing matters. Companies that start modernizing now, while the rules are still evolving, get to build their own processes deliberately. Companies that wait usually end up adapting under pressure, once an audit or a new requirement forces the issue.

At Mexcentrix, we help IMMEX companies close that gap today, through Annex 24/30 review and recommendations, VAT and IEPS certification support, and trade compliance processes built for where Mexican customs and tax authorities are headed.

17Jul

What to know about the Electronic Value Manifest

julio 17, 2026 Nuria Minondo

Starting August 1, companies will be required to submit the Value Manifest electronically through VUCEM, representing an important change in the way importers manage and support this obligation.

This new deadline was announced on June 3th 2026, by the National Customs Agency of Mexico (ANAM) and the Mexican Tax Administration Service (SAT).

What is the Value Manifest?

The Value Manifest is the document through which the importer declares, under oath, the elements that make up the customs value of imported goods.

This document is related to the obligations established for those who introduce goods into national territory, in accordance with Articles 36 and 59 of the Mexican Customs Law, which regulate the information and documentation that must support foreign trade operations.

Through the Value Manifest, information is provided on various elements of the commercial transaction, including:

The price paid or payable for the goods
Incrementable expenses that must be added to the customs value
Elements that may influence the determination of value
The valuation method used

The purpose of this information is to allow customs authorities to verify the correct determination of the customs value of the goods.

What does this change involve?

The Value Manifest must now be managed electronically, including the information and documentation necessary to support the declared value of the goods. This creates greater traceability of information and strengthens the connection between the supporting documentation and the data declared to the authorities.

For importing companies, this change highlights the need to have organized processes and tools that allow them to:

Manage foreign trade transaction information
Keep documentation related to the value of imported goods readily available
Facilitate the electronic submission of the Value Manifest
Track the information and documentation associated with each transaction

The importance of reparing in advance

The transition to the Electronic Value Manifest requires companies to review their current processes and prepare for the new electronic submission requirements.

Having organized information and systems that facilitate control over foreign trade operations will become increasingly important to reduce errors, streamline processes, and maintain proper traceability of information.

Preparing in advance will allow companies to adapt to this new obligation more efficiently and avoid disruptions to their foreign trade operations.

At Mexcentrix, we help companies manage their foreign trade operations efficiently and prepare for regulatory changes that impact their import and export processes.

Contact us at Mexcentrix to learn how we can support your company in adapting to this new requirement and strengthening your foreign trade compliance.

29Jun

Trade between Mexico and India reaches 11,700 mdd, opening up opportunities for exporters

junio 29, 2026 Nuria Minondo

The growing trade relationship between Mexico, India, and international supply chains is creating new opportunities for manufacturers, exporters, and suppliers, but it also increases the need for financing to sustain operations in an increasingly complex environment. Trade between the two countries totals approximately 11,700 million dollars annually, driven by sectors such as manufacturing, automotive, chemicals, pharmaceuticals, plastics, and industrial goods.

According to data cited by Credlix, trade between Mexico and India amounts to approximately $11,700 million annually, driven by sectors such as manufacturing, automotive, chemicals, pharmaceuticals, plastics, and industrial goods.

Companies across various sectors are seeking to diversify their suppliers, reduce geopolitical risks, and lessen their dependence on traditional markets in the face of tariff changes and shifts in global trade.

Mexico has become a key player in this process thanks to its integration with North America, the USMCA, and the opportunities arising from nearshoring. However, production and logistics capacity must be complemented by timely access to working capital.

Longer Payment Terms Increase Financial Pressure on Exporters and Suppliers
According to Credlix, one of the main challenges for companies engaged in foreign trade is the lengthening of payment terms.

In some international transactions, payment terms have extended from 60 days to 90 days and even 120 days, a situation that increases financial pressure on exporters, manufacturers, and suppliers who must continue to cover production costs, inventory, raw materials, and transportation while waiting for their invoices to be paid.

Pramit Joshi, senior vice president of Credlix, noted that access to working capital has become a key factor for companies seeking to integrate into international supply chains.

“Access to working capital is becoming just as important a factor as production capacity or logistics.”

Mexico and India Seek to Expand Collaboration in Manufacturing and Industry
The firm highlighted that there is growing interest in expanding collaboration between the two markets, particularly in industries such as plastics, petrochemicals, chemicals, pharmaceuticals, automotive, industrial manufacturing, and textiles.

Genette Herrera, Associate Director at Credlix Mexico, explained that there is currently an opportunity to strengthen the connection between buyers, suppliers, and strategic partners in both countries.

“Today, there is growing interest in exploring new sourcing alternatives, and we believe that Mexico and India have a significant opportunity to strengthen their trade ties.”

The company noted that the evolution of global trade is increasing the importance of financial tools that enable companies to respond more quickly to new purchase orders, strengthen inventories, and expand international operations.

Credlix, the financial arm of Moglix, is part of an ecosystem that connects more than 20,000 suppliers and 500,000 small and medium-sized enterprises across various international markets.

Factors such as logistics infrastructure, regulatory compliance, supplier diversification, and access to financing will be key for Mexican companies to capitalize on the opportunities arising from nearshoring, the USMCA, and the strengthening of trade relations with India in the coming years.

Source: Mexico Industry

23Jun

BMW Announces Expansion of Its Plant in San Luis Potosí with New Electric Models

junio 23, 2026 Nuria Minondo

With an investment of 800 million euros, BMW San Luis Potosí will become the first premium automotive plant in Mexico to produce all-electric vehicles and high-voltage batteries.

Ten years after the groundbreaking ceremony, the BMW plant in San Luis Potosí has established itself as a benchmark for advanced manufacturing and is now embarking on a new expansion to manufacture the BMW iX3 SUV and the BMW i3 sports sedan. This development reinforces Mexico’s strategic role in the future of global mobility.

With an investment of 800 million euros, BMW San Luis Potosí will become the first premium automotive plant in Mexico to produce fully electric vehicles and high-voltage batteries, the German automaker said.

Mexico is preparing for the next decade of electromobility, and starting in 2027, the BMW plant in San Luis Potosí will produce two models based on the Neue Klasse platform.

“The next phase for the BMW Group San Luis Potosí Plant will be marked by the expansion of its capabilities to integrate electric vehicles into our production line. This technological and organizational adaptation will allow us to further strengthen our team and optimize our processes in the face of an increasingly volatile environment,” said Klaus von Moltke, president and CEO of the BMW Group San Luis Potosí Plant.

He added: “We are preparing the plant for the future, strengthening it and making it even more competitive in an ever-changing global environment.”

BMW began operations in San Luis Potosí in 2019 and has established itself as a leader in the region for its flexibility, sustainability, and high efficiency, thanks to the integration of a range of digital innovations and technologies such as additive manufacturing (via 3D printing), artificial intelligence, and collaborative robots, among others.

With the help of its nearly 3,700 employees, this facility assembles the BMW 3 Series Sedan, as well as the BMW 2 Series Coupé and BMW M2 models, exclusively for the global market.

The German group has produced more than 550,000 premium vehicles for international markets, introducing new models over the years to meet global demand, including the BMW 3 Series, as well as the M2 and the 2 Series Coupe—the latter two produced exclusively in Mexico and exported to customers worldwide—in addition to the BMW M2 Racing and the BMW M2 CS, which are limited-production versions.

“Ten years ago, we began building a plant; today we see the impact of having built a community of talent, innovation, and collaboration that has contributed to the growth of San Luis Potosí and the strengthening of the Mexican automotive industry. The most important aspect of this story is not just the vehicles we produce, but the people who have made this project possible and the opportunities we have created together,” said Klaus von Moltke.

More than 1,200 young people have participated in internship programs, and more than 570 apprentices have completed the Dual Vocational Training Program—inspired by the German model of technical training—with a 95% hiring rate, BMW noted.

Source: El Economista

16Jun

Mexico Breaks Record in Auto Parts Production, Reaching $31,185 million in 2026

junio 16, 2026 Nuria Minondo

During the first quarter of 2026, Mexico’s auto parts industry recorded its highest production level for any comparable period on record, reaching a value of 31,185 million dollars, according to the National Auto Parts Industry Association (INA).

This figure represented a 9.58% increase compared to the same period in 2025, driven primarily by performance in March, when production reached 10,918 million dollars, equivalent to a year-over-year increase of 7.93%.

According to the INA, the growth in domestic manufacturing was driven by the favorable performance of the U.S. automotive market, which remains the primary destination for Mexican automotive component exports and one of the main factors sustaining investment in the sector.

Electrical parts remained the segment with the highest production during the period, with a value of $6,102 million and a 19.6% share of the national total, in addition to an 11.59% increase compared to the first quarter of 2025.

Among the main components manufactured in the country, transmissions and clutches also stood out, with production valued at 2,936 million dollars; fabrics, carpets, and seats, at 2,829 million; engine parts, at 2,494 million; and gasoline engines, which reached 1,967 million dollars and recorded the highest growth among the main segments, with an increase of 41.75%.

Together, these five product groups—auto parts and components—accounted for 52.4% of total domestic production.

The Bajío and Northern regions account for the largest share of auto parts production

By region, the Central region reported the highest percentage growth during the first quarter, with an increase of 10.38% and production totaling 4,656 million dollars.

The Bajío region reached 11,267 million dollars, with growth of 9.88%, while the Northern region recorded production of 13,671 million dollars and growth of 8.52%.

At the state level, Coahuila remained the leading national producer of auto parts, accounting for 15.6% of the total, equivalent to 4,860 million dollars. Guanajuato ranked second with 4,279 million dollars and a 13.7% share, followed by Nuevo León with 4,049 million dollars, representing 13% of national production.

Exports and Foreign Investment Drive Growth in the Automotive Sector

The INA noted that the sector maintained a positive trade balance of 9,973 million dollars during the first quarter of the year.

Exports totaled 27,124 million dollars, while imports reached 17,152 million dollars.

The United States remained the leading trading partner of the Mexican auto parts industry, accounting for 87.3% of the sector’s national exports.

Likewise, Mexico achieved a record-high share of 44.67% of total auto parts imports by the United States during the first quarter of 2026, solidifying its position as the country’s leading global supplier.

In terms of foreign investment, the sector attracted $434 million in Foreign Direct Investment (FDI) during the first quarter of 2026.

With this result, cumulative FDI between 2018 and the first quarter of 2026 totaled $21,526 million.

The United States ranked as the leading investor in the Mexican auto parts industry, accounting for 43.8% of cumulative FDI. It was followed by Germany with 19.8% and Japan with 15.9%.

By state, Nuevo León accounted for 26.3% of cumulative foreign investment in the sector, followed by Chihuahua with 14.2% and Coahuila with 11.6%.

Source: Mexico Industry

28May

LINDE + WIEMANN Begins Operations in San Luis Potosí

mayo 28, 2026 Nuria Minondo

The new plant is part of the industrial ecosystem linked to large-scale investments in the region. Mexico’s automotive supply chain is expanding its capabilities with the start of operations at LINDE + WIEMANN’s plant in San Luis Potosí, focused on producing highly complex structural components for electric vehicles, including programs related to the BMW iX3 and the Neue Klasse architecture, whose production launch is scheduled for 2027.

Since becoming operational, the facility has been manufacturing components that will be part of the strategic supply chain for new electric vehicle models, integrated into processes designed to meet the technical requirements of next-generation platforms, particularly in terms of structural safety and material efficiency.

The complex features an automated assembly line and begins operations with an initial workforce of 100 employees. It is also projected to generate annual revenue of €20 million, positioning itself as a key hub within the company’s industrial strategy in North America.

Located in the industrial zone of San Luis Potosí’s capital city, the plant joins LINDE + WIEMANN’s global manufacturing network, which now totals 16 facilities with this opening. Through this project, the company aims to strengthen the regional supply chain and respond to the growing demand for specialized components for next-generation vehicles.

Although the company has not disclosed the investment amount allocated to this facility, its development takes place within a broader context of industrial expansion in the region. In particular, BMW’s approximately €800 million investment to transform its San Luis Potosí plant—where the BMW iX3 will be produced—stands out.

Industrial Innovation

During the inaugural ceremony, the German Consul in San Luis Potosí highlighted the importance of projects like this in driving industrial innovation and strengthening economic cooperation between Mexico and Germany.

As part of the event, a ribbon-cutting ceremony and tour of the facilities were held, showcasing next-generation roll-forming and joining technologies aligned with the advanced manufacturing demands of the automotive sector.

Source: Somos Industria