Mexican exports of auto parts to the United States registered a growth of 1.2% in July, to 5.118 million dollars, which reflected their first increase since most plants closed due to the Covid-19 pandemic, according to data from the Census Bureau.
In contrast, foreign sales of cars from Mexico to the United States fell 9.2% in the same month, to 2.603 million dollars, and those of heavy vehicles fell 9.2%, to 3.091 million dollars, at interannual rates. Beginning in June 2020, Mexico restarted its critical automotive manufacturing operations and continues to take steps to increase production and replenish dealer inventories.
Government-imposed restrictions on business, operations and travel and related economic uncertainty have impacted demand for vehicles in most global markets.
In retrospect, exports of auto parts from Mexico to the US market presented negative interannual rates in the months of February, March, April, May and June of the current year. Within Mexico’s automotive sector, automotive parts are the most important segment in sales to the US market, accounting for a 47.3% share in July, almost what the auto (24.1%) and heavy vehicle (28.6 percent) segments represent together.
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