Sales of auto parts inject USD 6 bn to manufacturers in Brazil

Exports of auto parts injected US$ 6.1 billion to manufacturers installed in Brazil from January to September year-to-date, according to industry association Sindipeças. The result indicates an increase of 21.7% over that measured in January-September of last year.

Imports, in turn, totaled US$ 15 billion, a growth of 17% compared to the same period of the previous year. Compared to September last year, there was an increase of 10.3% and a retraction of 8.9% compared to August, according to balance sheet data.

See below the track record of the exports of auto parts (HS 8706; 8708) produced in Brazil from Jan 2019 to September 2022. The data is from DataLiner.

Exports of Auto Parts | Jan 2019 – Sept 2022 | TEUs

Source: DataLiner (click here to request a demo)

Argentina is the main destination 

The sector’s trade balance, therefore, registered a deficit of US$ 8.9 billion in the year. The variation observed was 13.9% compared to the same period last year.

Despite the adverse economic scenario, Argentina remains the main destination for auto parts manufactured in Brazil, with a share of 36.2% in 2022. On the other hand, the country that exported the most to Brazil was China, accounting for 16.1% of imports.

Source: Automotive Business

To read the full original article, please go to:  https://www.automotivebusiness.com.br/pt/posts/setor-automotivo/exportacoes-de-autopecas-injetaram-nas-fabricantes-us-6-bilhoes-ate-setembro/

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