Exports of automotive components fell 1.8% between January and Juneto 4,720 million euros, according to data from the Association of Manufacturers for the Automotive Industry (AFIA) made public this Tuesday.
“[…] Exports of automotive components registered in the first semester a fall of 1.8% compared to the accumulated until June 2021reaching 4,720 million euros”, says the association in a statement.
Portuguese exports of automotive components have as main destination Spainwith 1,330 million euros, 5.2% less.
They are followed by Germany with 1,027 million euros (+6.6%), France with 484 million euros (-17.2%), the USA with 283 million euros (+33.8%) and the United Kingdom with 207 million euros (-13.5%) .
In total, these five countries represent 71% of Portuguese exports of automotive components.
In June, and for the second consecutive month, these exports recovered, showing an increase of 14.5%, compared to the same month of 2021, to 836 million euros.
In the second quarter, exports increased by 3.1%, compared to the same period in 2021, to 2,325 million euros.
“[…] The automobile industry continues to experience a complicated situation that arises from the combination of several factors, among which we highlight the geopolitical situation related to the war in Ukraine and the tension between the US and China, the problems in the supply chains, which continue to affect to the entire automotive industry, the shortage of semiconductors and other raw materials, the inflation of raw material, energy and transportation costs and the problems derived from Covid-19”, he pointed out.
The figures published by AFIA are based on statistics on international trade in goods from the National Institute of Statistics (INE).
According to data from this association, the automotive components industry in Portugal covers 350 companies and directly employs 61,000 people.
This industry had a turnover of 10.7 billion euros in 2021, with an export share of over 80%.
The automotive components industry in Portugal represents 5.2% of the Gross Domestic Product (GDP), 9.1% of employment in the manufacturing industry and 16.1% of national exports of tradable goods.
Source: Observadora
