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Autos drive Mexico’s trade collapse, Kia proves to be an outlier

Cons. Discr. - Autos 884 Mexico 683 Trade Balance 831 U.S. 4312

Mexico’s international trade activity collapsed in May due to the closure of non-essential manufacturing. The 52.0% drop in trade included a 56.8% slide in exports, which in turn was driven by a 90.7% slump in exports in the automotive industry to the U.S. Shipments of parts dived 87.8% lower, though demand is set to improve after U.S. factories opened in May and many of Mexico plants also reopened at the start of June. Exports of cars to the U.S. meanwhile will also depend on U.S. demand. Exports fell by 91.2% year over year led by shipments linked to GM and VW – which accounted for 22....

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