Mexico climbs to fourth place in car exports
Experts from the automotive sector, recognize the potential of Mexico as a major exporter worldwide.
In 2018, Mexico climbed from the sixth position to the fourth among the largest automobile exporters in the world, surpassing the United Kingdom and Canada.
Mexican exports in the past year, presented a growth rate of 19 percent, reaching 49 thousand 406 million dollars, while those of the United Kingdom remained unchanged with 42 thousand 48 million and those of Canada with 41 thousand 8 million, which meant a decrease to 12 percent.
Experts from the automotive sector recognize the potential of Mexico as a major exporter worldwide and trust that in the following months, opportunities will be expanded; a clear example is the re-opening of tariffs in the car trade with Brazil and the liberation of countries that make up the Trans-Pacific Integral and Progressive Labor.
Also by March 2019, the commercial car quota between Mexico and Argentina, will increase 10 percent for the first year and 5 percent the second and third year; Once the transition period is over, free trade in cars will come into force along with the expansion and deepening of the Economic Complementation Agreement (ACE) between Mexico and Argentina.
Although Mexico increased its export volume reaching 3 million 449 thousand 201 vehicles, according to the Mexican Association of the Automotive Industry, the country produced 3 million 908 thousand 139 vehicles, representing a decrease of 0.6 percent compared to year ancestor
A decade ago, Mexico was in the tenth position, among the best car exporters, surpassed by Germany, Japan, the United States, and Canada.