The growth of Spanish exports of automotive components is consolidated in 2016

An upward trajectory in recent years

Between September and December 2016, Spanish automotive equipment and components were exported for a value of €6.560 billion, consolidating the upward trend of the last two years.

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In annual terms, the Spanish automotive equipment and components sector exported a total of €19.500 billion in 2016, representing a 3,3% increase over 2015.

 

While the European Union While the main destination for sales during this period, accounting for 73% of the total volume, exports to this region fell by 1,4% to €4.800 billion. This slowdown was primarily due to the performance of three of the main destination countries within the region.

 

According to the analysis carried out by SERNAUTO, exports to Germany, suffered a decline of 3,2% to 1.300 billion euros and France stagnated at 1.100 billion with a -0,3%. For its part, the british market It deepened its decline, already experienced in the first and second quarters, to 11,5% between September and December.

 

By contrast, Portugal With a growth of 2% and Italy of 4,6%, they are consolidated as the fourth and fifth destinations respectively within the EurozoneSpecial mention should be made of the strong sales push in Romania, which increased by 22% to 110 million euros.

 

 

Despite this heterogeneous behavior of the markets, it does not change what would be the TOP 5 destinations for sales of Spanish automotive equipment and components within the European Union: Germany, France, United Kingdom, Portugal and Italy.

 

Other key foreign markets for Spanish exports of automotive equipment and components have also shown opposite trends.

 

Morocco The country has completed a year of double-digit growth, with a growth rate of 13,8% for the third quarter compared to the same period last year. It maintains its status as the top African destination and, during this period, was the sixth largest destination worldwide, with exports totaling €305 million.

 

 

 

Although the European Union is the main destination for sales during this period, accounting for 73% of the total volume, exports to this area have decreased by 1,4% to 4.800 billion euros.

 

 

 

United States breaks with growth in the first eight months of the year and falls 3,8% in the third quarter of 2016. Sales to this market exceed 247 million.

 

Unstoppable continues China which grew by 50% more than in the previous period 2015 to 178 million, surpassing Turkey as the third destination outside the Union EuropeanThe Turkish market in particular is burdened by a 4% drop to €146 million, breaking the positive trend of the first two quarters of 2016.

 

Brazil and Russia are recording high growth rates, showing signs of recovery. Brazil's exports grew by 29%, while sales to the Russian market increased by 33% to €53 million.