Sinaloa registered an increase of 23.5% in exports during the first two months of 2018

In 2018, Sinaloa registered an increase of 23.5% in exports during the first two months of the year, amounting to 722 million USD.

In the first quarter of the year, Sinaloa closed with 556,885 insured workers before the IMSS, which represents more than 34,000 new and formal jobs compared to March 2017.

The Secretary of Economy of the Government of Sinaloa, Javier Lizárraga Mercado, explained that the Foreign Direct Investment of 2017 was received from countries such as Canada, Belgium, the United States and Spain, an example of Direct Foreign Investment is that 4 new automotive harness production plants will build in Guasave and Los Mochis during 2018 and 2019

These plants will generate 4,600 new jobs with an investment of 50 million USD.

Sinaloa is fertile ground for new projects as it has high priority inputs such as natural gas, water and electricity, factors that distinguish the “land of eleven rivers“.

In the export sector, the state of Sinaloa closed 2017 with 3.4 billion USD, a 21.2 percent growth compared to the 2.8 billion USD of 2016.

In 2018, Sinaloa registered 23.5% in exports in the first two months, which means 722 million dollars.

Sinaloa exports to 105 different countries with 639 companies and 1,419 Sinaloan quality products present in international markets.

Talking about private investment in 2017 it reached the figure of 27,400 million pesos (1.3 billion USD), this investment has been registered in the sectors of commerce, construction, tourism, mining, services, food industry and auto parts, in 2016 private investment amounted 23,400 million pesos (1,1 billion USD).

TMP Newsroom with information from https://heraldodemexico.com.mx

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