The Mexican Association of the Automotive Industry (AMIA) reported that the export of automobiles assembled in México grew 22.7 percent in May 2014 compared to the same month of 2013.
AMIA President Eduardo Solis said during the first five months of 2014 exports reached 1,043,161 units, which represents an increase of 11.6 percent over the same period of 2013.
He added that both the May and year to date figures are historical records.
The export of vehicles by México makes up 3.5 percent of the country’s GDP and 19.8 percent of the manufacturing sector.
71.1 percent of the vehicles sold abroad are sold in the United States. May exports to the U.S. were up 33.3 percent over the same month last year.
Other exports during May were 19,372 vehicles to Canada, 23,951 to Latin America, 10,762 to Europe and 9,390 to Asia.
México’s automotive industry projects that at the end of 2014, it will have produced 3,100,000 vehicles and exported more that 2.5 million.
(from Spanish.China. org.cn)
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