Mexico's auto exports dropped 16.7 percent from a year earlier to 229.23 thousand units in December 2019, following a 7.5 percent decline in the previous month. Among major exporters, shipments fell from FCA México (-10.8 percent), KIA (-14.3 percent), Audi (-46.5 percent), Ford Motor (-23.8 percent), Nissan (-58.8 percent), Toyota (-14.5 percent), Volkswagen (-19.7 percent) and Honda (-32.7 percent). On the other hand, exports rose from General Motors (36.1 percent) and Mazda (18.9 percent). Considering 2019 full year, vehicle exports fell 3.4 percent from a year ago to 3.33 million units, the first decline since 2009. Auto Exports in Mexico averaged 124.58 Thousand Units from 1988 until 2019, reaching an all time high of 323.63 Thousand Units in March of 2019 and a record low of 9.50 Thousand Units in September of 1989. source: Instituto Nacional de Estadística y Geografía (INEGI)

Auto Exports in Mexico is expected to be 320.00 Thousand Units by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Auto Exports in Mexico to stand at 300.00 in 12 months time. In the long-term, the Mexico Auto Exports is projected to trend around 310.00 Thousand Units in 2020, according to our econometric models.

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Mexico Auto Exports

Actual Previous Highest Lowest Dates Unit Frequency
229.23 268.30 323.63 9.50 1988 - 2019 Thousand Units Monthly
NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-04 11:00 AM Sep -7.1% -12.7% -6%
2019-11-06 12:00 PM Oct -19.5% -7.1% -2%
2019-12-06 12:00 PM Nov -7.5% -19.5% -13%
2020-01-08 12:00 PM Dec -16.7% -7.5% -6.4%
2020-02-07 12:00 PM Jan -16.7% -8%


News Stream
2019-12-06
Mexico Auto Exports Continue to Fall
Mexico's auto exports dropped 7.5 percent from a year earlier to 268.3 thousand units in November 2019, following a 19.5 percent slump in the previous month. Among major exporters, shipments fell from FCA México (-10.2% to 44.1 thousand), KIA (-28.9% to 17.9 thousand), Audi (-22.4% to 11.5 thousand), Ford Motor (-80.4% to 5.0 thousand), Mazda (-43.6% to 4.2 thousand) and Toyota (-4.2% to 15.5 thousand). On the other hand, exports rose from General Motors (5.2% to 80.5 thousand), Nissan (8.7% to 35.9 thousand), Volkswagen (13.3% to 34.7 thousand) and Honda (9.2% to 12.7 thousand). In January-November, car exports went down 2.2 percent over a year ago to 3.10 million units.

2019-11-06
Mexico Car Exports Fall 19.5% YoY in October
Mexico's auto exports dropped 19.5 percent over a year earlier to 252.3 thousand units in October 2019, after a 7.1 percent decline in September. Among major exporters, shipments fell for General Motors (-31.7% to 54.1 thousand), FCA México (-11.8% to 58.7 thousand), Nissan (-8.8% to 38.2 thousand), Volkswagen (-32.9% to 23.7 thousand), KIA (-18.9% to 22 thousand), Toyota (-3.9% to 19.3 thousand), Mazda (-52.2% to 3.7 thousand) and Ford Motor (-93.9% to 1.6 thousand). On the other hand, exports rose for Honda (280.2% to 14.7 thousand) and Audi (118.9% to 12.9 thousand). In the first ten months of the year, car exports went down 1.7 percent over a year ago to 2.84 million units.

2019-10-04
Mexico Car Exports Fall for 2nd Straight Month
Mexico's auto exports dropped 7.1 percent over a year earlier to 284.2 thousand units in September 2019, after declining 12.7 percent in the previous month. Among major exporters, shipments fell for General Motors (-3.2% to 69.6 thousand), FCA México (-21.6% to 43.7 thousand), Nissan (-34% to 35.3 thousand), Ford Motor (-15.5% to 21.7 thousand), KIA (-24.3% to 18.2 thousand) and Mazda (-75.1% to 2.7 thousand). Meanwhile, auto exports increased for Volkswagen (38.4% to 41.6 thousand), Toyota (7.6% to 18.4 thousand), Audi (15.3% to 16.2 thousand) and Honda (293.8% to 14.7 thousand). In the first nine months of the year, car exports advanced 0.5 percent over a year ago to 2.58 million units.

2019-09-09
Mexico Car Exports Shrink the Most since 2016
Mexico's auto exports slumped 12.7 percent year-on-year to 281.8 thousand units, after jumping 9.5 percent in the previous month. This was the largest decline in car exports since April 2016. Among major exporters, shipments decreased for General Motors (-0.9% to 80 thousand), FCA México (-31.9% to 45.6 thousand), Volkswagen (-37.9% to 25.3 thousand), KIA (-22.6% to 19.7 thousand), Toyota (-3.8% to 15.3 thousand) and Audi (-60.9% to 6.4 thousand). On the other hand, auto exports rose for Nissan (0.8% to 41.3 thousand), Ford Motor (24.5% to 25.3 thousand) and Honda (293% to 16.4 thousand). In the first eight months of the year, car exports rose 1.5 percent over a year ago to 2.3 million units.


Mexico Auto Exports
In Mexico, auto exports refers to total exports of vehicles.

Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade 790.35 -725.62 2561.01 -4642.52 USD Million [+]
Current Account 2013.30 4520.50 4520.50 -11314.10 USD Million [+]
Current Account to GDP -1.80 -1.70 3.40 -6.10 percent [+]
Imports 36705.37 41456.27 44290.89 647.02 USD Million [+]
Exports 37495.72 40730.66 41825.44 1225.59 USD Million [+]
External Debt 449495.50 457279.90 457279.90 0.70 USD Million [+]
Terms of Trade 49.22 48.83 106.34 43.37 points [+]
Foreign Direct Investment 7332.00 6234.70 21010.90 -63.90 USD Million [+]
Remittances 9725.69 9402.60 9725.69 158.70 USD Million [+]
Tourism Revenues 1897194.44 1622841.51 2522955.40 158919.00 USD Thousand [+]
Tourist Arrivals 1998.95 1633.72 2683.20 56.59 Thousand [+]
Gold Reserves 120.06 120.03 125.30 2.50 Tonnes [+]
Crude Oil Production 1733.00 1708.00 3547.00 1647.00 BBL/D/1K [+]
Terrorism Index 4.08 3.53 4.51 1.35 [+]
Capital Flows -8.60 -2.20 12079.70 -3457.70 USD Million [+]
Auto Exports 229.23 268.30 323.63 9.50 Thousand Units [+]