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Brazil’s Appetite for Mexican Auto Parts

Admin | 26.04.2013

Mexican auto parts exports to the Brazilian market posted 40.9% year-to-year increase last year, and reached US$537 million, showing a clear improvement in competitiveness.

Mexican auto parts exports to the Brazilian market posted 40.9% year-to-year increase last year, and reached US$537 million, showing a clear improvement in competitiveness.

Contrastingly, automobiles sales made by Mexico to Brazil added to US$2.391 billion, an increase of barely 1.8%.

The difference is due to the import quotas set by Brazil for three years on the bilateral automobiles trade starting on March 19, 2012, while auto parts trade remained tariff-free.

The reciprocal quotas agreed for automobiles were US$1.450 billion in the first year (ended on March 18, 2013), US$1.560 billion for the second term and US$1.640 billion for the third year.

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