By Alzira Rodrigues | Translated by Jorge Meditsch
The auto parts industry registered a 21.4% exports increase year-to-date and 17.9% more imports. International sales reached US$ 5.33 billion, while purchases from other countries amounted to US$ 13.23 billion in the first eight months of the year.
The sector’s commercial deficit year-to-date was US$ 7.9 billion, a 15.6% growth from the same period last year (US$ 6.85 billion), according to the commercial balance report published this week by Sindipeças, the Brazilian association of auto parts manufacturers.
According to the association, exports in August were US$ 817.5 million, so far the best result this year. This amount represents a 31.5% growth compared to last year and 16% more than in July. Regarding imports, August’s value went over US$ 1.87 billion, growing 21.7% over the same month in 2021 (US$ 1.54 billion) and 10.6% over July.
“Despite the restrictions imposed by foreign exchange reserves, Argentina remains the main destination for auto parts made in Brazil, informs Sindipeças.
The neighboring country’s participation was 36% until august, with purchases of Brazilian auto parts reaching US$ 1.9 billion, 45.6% more than in the same period last year (US$ 1.3 billion). Following Argentina, the countries that buy more from Brazil are the United States and Mexico, with exports this year amounting to US$ 863 million and US$ 490.5 million.
China led in exports to Brazil, with a 16.1% share in the year. The Asian country delivered more than US$ 2.1 billion to the Brazilian market in auto parts, 18.8% more than in the same period in 2021. The United States ranks second, with US$ 1.59 billion, and Germany third, with US$ 1.32 billion.
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