Volkswagen, General Motors Drive Mexican Export Acceleration — Panjiva
MENU

Panjiva_research_logo

Volkswagen, General Motors Drive Mexican Export Acceleration

Cons. Discr. - Autos 1123 Mexico 846 Trade Balance 923 U.S. 5242 USMCA 455

Mexico’s international trade activity climbed 4.4% year over year in July, helped by an 8.6% gain in non-petroleum exports. The latter represented an acceleration from 6.0% in 2Q. The largest contributor to the expansion was the U.S., with exports that rose 10.7% due to a 16.0% jump in automotive industry shipments. Panjiva data shows that the fastest growing auto exporters to the U.S. were Volkswagen, with a 35.8% year over year increase in shipments to the U.S. for July, while General Motors climbed 26.2%. Fiat-Chrysler saw a 5.8% slide, though that was a slower rate of decline than th...

Copyright © 2022 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.