News

Vehicle exports picked up in May

06 de junho de 2016

Brazil’s national manufacturers association reported 46,895 units shipped last month, up 15% from May 2015, but domestic production declined.

São Paulo – Vehicle exports from Brazil increased year-on-year in May. The National Motor Vehicle Distributors Association (Anfavea) reported this Monday (6) that 46,895 automobiles, light commercial vehicles, trucks and buses were shipped abroad from the country, up 15% from May 2015. Of those, 44,400 units shipped were autos and light commercial vehicles.

Exports also increased in May from April, by 23.9%, and year-to-date through May, when sales were up 21.8% from the year-ago period to 183,200 automobiles, light commercial vehicles, trucks and buses.

Agricultural machinery exports slid 23.8% year-on-year in May, from 940 units in May 2015 to 716 units in May of this year. Foreign sales increased slightly in May from April, at 0.8%, but also dropped year-to-date through May, by 20% to 3,390 units.

Overall, vehicle and farming machinery exports fetched USD 941.6 million, a 16% increase over April, but a 25.5% drop over May of last year. Year-to-date through May, revenues from exports reached USD 3.9 billion, down 12.6% from January through May 2015.

Production

Industry production contracted last month. Auto, light commercial vehicle, truck and bus output stood at 175,300 units, down 18% from May 2015 and up 3.2% from April 2016. Year-to-date output reached 834,000 units, down 24.3%.

Speaking at a press conference, Anfavea president Antonio Megale said auto industry production has reverted to 2004 levels, in a “worrisome” trend. Brazil’s official news outlet Agência Brasil quoted Megale as saying that a fragile domestic market and the export-friendly exchange rate have led carmakers to turn to foreign sales. He added that the government is discussing trade agreements with other countries, and that can fuel exports even further. “These efforts by automakers and the government are proving fruitful, and exports are behaving positively,” he said.

*Translated by Gabriel Pomerancblum