Michoacán, located in western Mexico, is a state rich in culture, history, and natural beauty. Known for its diverse landscapes, from lush forests and mountains to beautiful coastlines along the Pacific Ocean, Michoacán offers a strategic location for investment. The state's economy is supported by agriculture, particularly the production of avocados, as well as manufacturing and tourism. With a skilled labor force and well-developed infrastructure, Michoacán presents a promising environment for business growth and development, attracting both domestic and international investors.
Why invest into Michoacan
Investing in Michoacán offers a unique opportunity due to its strategic location, rich agricultural resources, and growing infrastructure. The state is a leading producer of avocados and other crops, supporting a robust agricultural sector. Its diverse economy, skilled workforce, and increasing focus on manufacturing and tourism make Michoacán an attractive destination for investors seeking growth and long-term potential in Mexico. nvesting in Michoacán offers a unique opportunity due to its strategic location, rich agricultural resources, and growing infrastructure. The state is a leading producer of avocados and other crops, supporting a robust agricultural sector. Its diverse economy, skilled workforce, and increasing focus on manufacturing and tourism make Michoacán an attractive destination for investors seeking growth and long-term potential in Mexico.
General Info - Michoacan
Michoacán, strategically located in western Mexico, is a key player in the country’s industrial landscape. Its central location and access to major transportation routes enhance its connectivity with national and international markets.
5,616 km2
territorial surface
4.7 M
population
+15,500 km
roads and highways
3 airports
7
Industrial parks
4th
largest producer of iron in Mexico
Foreign Direct Investment
Foreign direct investment (FDI) in Michoacán has been experiencing growth due to the state's strategic location, abundant natural resources, and improving infrastructure. Key sectors attracting foreign investment include agriculture, particularly in avocado and berry production, as well as manufacturing and tourism. The state government has implemented various incentives and policies to create a favorable business environment, encouraging international companies to establish operations and contribute to the economic development of the region.
Exports
Michoacán's export economy is robust, driven primarily by its agricultural products, including avocados, berries, and lemons, which are in high demand globally. The state is one of Mexico's leading exporters of avocados, often referred to as "green gold," making it a critical player in international markets. Additionally, Michoacán's diverse economy supports exports in sectors such as manufacturing and seafood, further solidifying its position as a key contributor to Mexico's overall export portfolio.
Location of the State Michoacan
Where is Michoacan
| Mexico Cities | Km | Hours |
| Mexico City | 350 km | 4:30 hs |
| Guadalajara | 250km | 3:30 hs |
| Monterrey | 850 km | 10 hs |
| USA & Canada Cities | Km | Hours |
| Laredo (Border) | 1'100km | 12:30 hs |
| Lazaro Cardenas (Port) | 200 km | 2:30 hs |
| Veracruz (Port) | 700 km | 8:30 hs |
| Ports & Border | Km | Hours |
| Houston | 1500km | 18 hs |
| Dallas | 1'800 km | 20 hs |
| San Diego | 2'500km | 30 hs |
The 3 Strategical Advantages of Michoacan
Michoacán, a state strategically positioned in Mexico, stands out for its key logistical assets and well-developed industries. With the Port of Lázaro Cárdenas serving as a critical gateway for international trade, Michoacán has become a vital hub for commerce and industry. Additionally, the state boasts robust sectors in agriculture and manufacturing, which further enhance its competitive advantage.
Strategic Location
Michoacán’s strategic location on Mexico’s Pacific coast, particularly through its port of Lázaro Cárdenas, positions the state as a critical gateway for international trade. This deep-water port is one of the largest and most important in Latin America, serving as a major entry and exit point for goods between Asia and the Americas. Its connectivity to key transportation networks, including highways and railways, facilitates efficient distribution across Mexico and into the United States. This advantageous location not only enhances Michoacán's role in global supply chains but also attracts significant foreign investment, boosting the state’s economic development and competitiveness.
Natural Resources
Michoacán's abundant natural resources provide a significant competitive advantage for the state. Its fertile soils and favorable climate make it a leading agricultural producer, particularly in high-demand crops like avocados, lemons, and berries. These agricultural products are not only essential to the local economy but also play a crucial role in international trade, positioning Michoacán as a key supplier in global markets. Additionally, the state's vast forest areas and rich mineral deposits offer further economic opportunities, attracting investment and supporting a diverse industrial base. These natural assets underpin Michoacán’s economic strength and sustainability, enhancing its competitiveness both nationally and globally.
Competitive Costs
Michoacán offers a relatively low cost of living compared to more urbanized and developed states like Mexico City or Nuevo León. Housing, services, and food expenses tend to be more affordable, making it an attractive option for those seeking a more economical lifestyle without compromising on quality. However, it's important to note that wages in Michoacán are generally lower than in more industrialized regions such as Querétaro or Jalisco. This balance between a lower cost of living and modest salaries allows residents to maintain a comfortable standard of living, even though income levels are not as high as in other parts of Mexico.
Main Industries of Michoacan
Michoacán's economy is bolstered by several key industries that drive its growth and development. This section explores the main industries of the state, including agriculture, manufacturing, and mining, highlighting their contributions to Michoacán's economic landscape and their role in shaping its competitive edge.
Agroindustriy
Michoacán stands out as a leading force in Mexico's agroindustry, not only due to its status as the top global producer of avocados but also because it leads the nation in the production of 16 other agricultural products. This includes key crops like blackberries, strawberries, and lemons. These products possess significant potential for value-added processing, which enhances their economic impact and provides greater benefits to the state. By leveraging its agricultural output, Michoacán is able to contribute substantially to both the domestic and international markets, supporting a thriving agroindustrial sector that continues to grow and evolve.
1st avocado production
worldwide
2.2 M tons
of avocado
Minning
Michoacán plays a significant role in Mexico's mining sector, ranking 12th nationally for mineral production. Notably, it is the 4th largest producer of iron in the country, with 11 active mines that contribute approximately 6,700 jobs. This accounts for 12.7% of Mexico's total iron production. The state's robust mining industry not only bolsters its economic development but also provides substantial employment opportunities, underscoring Michoacán's importance as a key player in the national mining landscape.
4th largest producer of iron
11 mines
Manufacturing Industry
Michoacán's manufacturing sector is a vital component of its economic framework, contributing significantly to the state's growth and diversification. The industry encompasses a wide range of activities, including the production of machinery, automotive parts, and consumer goods. Key industrial zones and manufacturing hubs are strategically located across the state, benefiting from Michoacán's logistical advantages and skilled workforce. This sector not only supports local employment but also enhances the state's industrial capacity, driving innovation and competitiveness. As Michoacán continues to develop its manufacturing capabilities, it reinforces its position as a key player in Mexico's economic landscape.
38,920
installed companies
217,800
jobs generated
Other Industries
Energy
Michoacán has become the national leader in renewable energy generation due to its hydroelectric and geothermal resources that cover 100% of the state's needs, combining economic development and sustainability.
Additionally, the government of Michoacán offers land for the development of the state's great potential in solar energy generation, which represents a unique opportunity for companies interested in investing in clean energy in the territory.
Automotive industry
The state of Michoacán is strategically located for growth
in the automotive industry. The Lazaro Cardenas Port is
an ideal platform for the movement and transportation
of cargo in this sector.
There are 28 automotive industry plants within a 300 km radius.
Infrastructure of Michoacan
Michoacán boasts a well-developed infrastructure that supports its economic activities and enhances connectivity. The state's infrastructure includes a network of highways and roads that facilitate the movement of goods and people across the region. The deep-water port of Lázaro Cárdenas stands out as a critical asset, providing a major gateway for international trade and bolstering the state's logistical capabilities.
Sea Freight
The Port of Lázaro Cárdenas is the largest port in Mexico, serving as a critical hub for international trade. With 59 shipping lines operating within its facilities, the port plays a pivotal role in facilitating the movement of goods between Mexico and global markets. Its extensive capabilities and strategic location on the Pacific coast make it a key asset for enhancing trade and economic activity in the region.
Highways
Michoacán's highway network is a crucial element of the state's infrastructure, providing essential connectivity for both commercial and personal transportation. The network includes major routes that link key cities and industrial areas within the state, as well as connecting Michoacán to neighboring states and the broader national road system. These highways facilitate efficient movement of goods, support the agroindustrial and manufacturing sectors, and enhance overall accessibility
Railways
Michoacán's railway system is an important component of its transportation infrastructure, enhancing the state’s connectivity and logistical efficiency. The railway network supports the movement of bulk goods, such as agricultural products and minerals, across the state and to major national and international markets. Key rail corridors link Michoacán to strategic economic hubs, including the Port of Lázaro Cárdenas, facilitating seamless integration of maritime and land-based transportation.
Industrial Parks
Michoacán's industrial parks are pivotal to its economic development, providing well-equipped spaces for diverse manufacturing and industrial activities. These parks are strategically located to leverage the state's logistical advantages, including proximity to major highways and the Port of Lázaro Cárdenas. They offer modern facilities, infrastructure, and services that support various sectors, from agroindustry to heavy manufacturing. By attracting both domestic and international companies, these industrial parks play a key role in fostering economic growth, creating jobs, and enhancing the state's competitive position in the national and global markets.
Skilled Labor Force & Universities in Michoacan
Michoacán benefits from a skilled labor force supported by a network of reputable universities and technical institutions.
333
Higher education institutions
+36,600
Students from technological education
Quality of Life in Michoacan
Health & Leisure
Michoacán offers a range of health and leisure options that contribute to a high quality of life for its residents and visitors.
Hotels & Restaurants
Michoacán offers a wide range of accommodations and dining options, catering to various tastes and preferences.
Tourism & Culture
Michoacán is a captivating destination for tourism, offering a rich tapestry of cultural and natural attractions. The state's vibrant cultural heritage is showcased through its historic sites, traditional festivals, and artisan crafts.