Colima
65%+ of Mexico GDP through Manzanillo; 18% container growth H1 2024; $3.15B expansion (2024-2030) to 10M TEUs; targeting Latin America's #1 port.
Colima's Port of Manzanillo processed over 65% of Mexico's GDP in traded goods, making this tiny state a critical chokepoint for Pacific commerce. Container handling grew 18% in H1 2024 (1.8 million TEUs), with exports up 39%. A $3.15 billion expansion (2024-2030) will quadruple capacity from 3.5 to 10 million TEUs annually and expand port area from 450 to 1,800 hectares—transforming Manzanillo into Latin America's largest container port and a global top-15 facility. Contecon Manzanillo adds $300 million by 2025. The port ranked third in Latin America for shipping and serves as Mexico's principal Pacific-Asia commercial route. Nearshoring accelerates foreign investment as companies seek Pacific gateway alternatives. Expected to create 11,132 direct and 28,626 indirect jobs, the expansion positions Manzanillo to match Los Angeles port volumes. Mexico's smallest mainland state wields disproportionate economic influence through strategic geography.