Mexico production and exports break records in 2013

Article by Anita Panait, on January 10, 2014

Vehicle production and exports in Mexico surged in 2013 to record highs thanks to strong demand from the United States and Canada, according to the Mexican Auto Industry Association. AMIA disclosed that vehicle production surged 1.7 percent to 2,933,465 units while exports rose 3 percent to 2,423,084 units in 2013 – the fourth straight year that the figures went up.

"Mexico again reaches a record figure and again wins eighth place among world vehicle manufacturers," Eduardo Solis, president of AMIA, remarked. Despite the increase, vehicle production failed to achieve a target of between 2.95 million to 3 million units in 2013. Solis did not disclose any forecast for 2014.

Mexico exported 1,646,950 autos to the US – its No. 1 trading partner -- in 2013 for a 10-percent rise. On the other hand, Mexico exported 194,851 units to Canada in 2013, reflecting a 22-percent increase. This allowed Mexico to offset a 16-percent drop in sales to Latin America, pegged at just 307,581 units.

Domestic sales surged 8 percent to 1,063,363 units. The Mexican economy rebounded in the third quarter of 2013 thanks to increased demand for exports after a contraction in the prior three-month period. However, in December 2013, Mexican vehicle production dropped 9 percent to 164,221 units. Exports, however, still climbed 4 percent to 161,208 units, AMIA said.

Topics: mexico, production

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