Mexico moves into fourth place in automobile exports
Mexico moves into fourth place in automobile exports"
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
Mexico overtook the United Kingdom and Canada to become the fourth biggest automobile exporter by value in the world in 2018, statistics show. The value of Mexican-made vehicle exports
increased by 19% compared to 2017 to reach just over US $49.4 billion, according to the World Trade Organization (WTO). Just under 3.5 million vehicles were shipped abroad from Mexico, a 6%
increase on 2017 numbers. Mexico’s ranking of fourth among auto-exporting nations represents an improvement of six places compared to 2008, when it ranked 10th. Foreign sales of vehicles
made in the U.K. remained steady in 2018 at just over $42 billion while Canadian auto exports declined by 12% to just over $41 billion. Germany was the biggest auto exporter, shipping
vehicles worth $154.7 billion abroad, followed by Japan and the United States, which achieved foreign sales of $99.1 billion and $54.4 billion respectively. According to Moisés Zavaleta,
director of strategy at the consultancy firm Ansley, “Mexico has the potential to keep increasing its production of vehicles” as a result of the “integration of the North American market.”
Just over 70% of all Mexican auto exports went to the United States last year while 8% went to Germany and just under 6% were shipped to Canada, according to data from the Secretariat of the
Economy (SE). Brazil, Italy and China were among the other destination countries for Mexican-made vehicles. This year, the Mexican auto sector is expected to benefit from the elimination of
tariffs on cars sent to Brazil and Pacific Rim countries which entered into the Trans-Pacific Partnership free trade agreement. Among the auto makers that have plants in Mexico are Audi,
Baic, Fiat Chrysler, Ford, General Motors, Honda, Kia, Mazda, Nissan, Toyota and Volkswagen. _Source: El Economista (sp) _
Trending News
Off the menu: tasting balboa and a menu for gangsters and dolls - newport beach newsBY CHRISTOPHER TRELA & CATHERINE DEL CASALE | NB INDY TASTE OF BALBOA For locals, the Newport to Ensenada Internati...
You can't have success without some failure.404: Page not found You can't have success without some failure. We are unable to find the page you were looking for. Ei...
Rendezvous outclasses poor relation aztekIf the slow sales of Pontiac’s heartbreakingly ugly Aztek sport-activity vehicle are a cosmic penalty for General Motors...
World & Nation - Los Angeles TimesAdvertisement Molotov cocktail attack part of surge in antisemitic violence; ‘community is terrified’ The attacks in the...
Panel oks homosexual rights bill : legislature: the measure to ban job and housing discrimination gets the minimum vote required to pass the senate coSACRAMENTO — A bill to ban job and housing discrimination against gays and lesbians won narrow approval in a Senate comm...
Latests News
Mexico moves into fourth place in automobile exportsMexico overtook the United Kingdom and Canada to become the fourth biggest automobile exporter by value in the world in ...
Labuschagne set for sydney call-upMarnus Labuschagne is on the cusp of a shock recall as Australia’s under-pressure top six face a nervous wait before the...
Rb leipzig set stance on selling arsenal transfer target upamecanoAccording to L'Equipe, Bayern Munich are the only team to have made a concrete approach. And the defender is repres...
Increas Latest News in Hindi, Photos, Videos on Increas InextLive Jagran - Page 52inextlive के साथ रहिए खबरों की दुनिया से जुड़े। यहां पढ़िए Increas से जुड़ी हिन्दी न्यूज़ Increas Hindi News और ताजा खबर...
Privacy, policies, and legal information | veterans affairsVA.GOV PRIVACY POLICY Thank you for visiting VA.gov and reviewing our Privacy Policy. The Department of Veterans Affairs...