The United States Department of Commerce informed that Mexico reached a record share of 26.6% of total automotive imports made by the United States, consisting of auto parts, trucks, buses, special vehicles and automobiles.
The United States Department of Commerce informed that Mexico reached a record share of 26.6% of total automotive imports made by the United States, consisting of auto parts, trucks, buses, special vehicles and automobiles.The share was achieved in the first two month of 2013, when Mexico sold to the United States products from this industry amounting to US$12.196 billion. The breakdown shows that the sale of Mexican auto parts to the US market hit a record share of 32.5%, amounting to US$6.768 billion in the first two months of the year. The same happened with Mexican exports of trucks, buses and special vehicles, which added to US$2.680 billion in such 2-month period, breaking the record with 84.7% share of the market. As far as automobiles are concerned, shipments made by Mexico to the US market reached US$2.748 billion, an all time record in absolute figures, but which represented a 12.6% share, still below the 14.4% historical record posted in 2000.
You might also be interested in:
Chinese firms continue to expand aggressively abroad, competing fiercely with incumbent heavy weights in a growing number of industries. China expert Shaun Rein identifies the key drivers, predominant sectors and human resource implications of unprecedented international growth by state-owned and privately held Chinese corporations in an interview with IRC Institute.
By George Walther-Meade