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
Ryan reynolds takes on new challenge with 'edgy' disney+ seriesHOLLYWOOD STAR RYAN REYNOLDS HAS TAKEN ON A VERY DIFFERENT ROLE AS HE DELVES INTO THE WORLD OF THE ANIMAL KINGDOM'S...
Rupee may trade higher in the coming daysBusiness oi-Sunil Fernandes Published: Tuesday, July 28, 2020, 13:16 [IST] Share This Article The rupee is expected to...
Blaze south of perth downgraded to ‘watch and act’ levelMelissa IariaThe West Australian A bushfire alert for residents in Western Australia’s Bunbury region has been downgrade...
Down To Earth | Latest news, opinion, analysis on environment & science issues | India, South Asiaडाउन टू अर्थPrint EditionSubscribeHealthAgricultureWaterWasteClimateAirAfricaData CentreVideoGalleryYoungEnvironmentalis...
Psychology of a paedophile: why are some people attracted to children?Having worked with police forces in Australia and the United Kingdom identifying those who sexually prey on children, pe...
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 ...
Issue: 50 1986-12-10 | nursing timesBy downloading this issue you accept that this is for your own personal use and the issue will not be shared, re-purpose...
The bible was wrong: this is where jesus was crucifiedIt had long been thought that the Romans had condemned Jesus to the cross which he had allegedly been ordered to carry t...
Minions & paddington win big at bafta children’s awardsThe much-loved _Minions_ got the big award at the 2015 BAFTA Children’s awards on Sunday night, picking up the kids vote...
IPL 2025 | KKR question change in playing conditions over extra time in middle of tournamentNewsletters ePaper Sign in HomeIndiaKarnatakaOpinionWorldBusinessSportsVideoEntertainmentDH SpecialsOperation SindoorNew...