With a few decades of history, the automotive industry has an enormous relevance to the Portuguese business fabric, since it is a truly strategic sector responsible for wealth creation, employment and technological innovation. This industry has been going through a huge global structural transformation, driven by technological progress, very strict and restrictive environmental regulations and supply chain disruption.
In the path of technological modernization and competitiveness, an important sector stands out within this industry: automotive components.
Did you know that in 2022 the export record for automotive components was exceeded? If the pace of recovery is maintained, the 10 billion euros barrier has been exceeded! This growth trend was registered between the months of January and December 2022, with an increase of 7.6%, even exceeding the amount produced and billed in 2019 (AFIA, 2023).
Find out about the top 5 destination countries for automotive components, which represent around 70% of total exports of automotive components:
• Spain: 2,775 million euros (+1.1%)
• Germany: 2,347 million euros (+20.2%)
• France: 1024 million euros (- 6.6%)
• United States of America: 613 million euros (+21.8%)
• United Kingdom: 402 million euros (-9.3%)
Did you know that this industry…
• Is composed by approximately 350 companies.
• Directly employs 62,000 people.
• Invoice 11,100 million euros (2021).
• Has an export share of over 80%.
And what to expect from 2023?
A year full of challenges is foreseen for the automotive components sector, such as:
• Inflation
• Materials Shortage
• Supply Chain Disruption
• Tension between China and the US
• Russia-Ukraine geopolitical conflict
All these constraints foster in companies an enormous capacity for resilience, adaptability and competitiveness in order to respond to these times so demanding and full of uncertainties. All of these constraints foster in companies an enormous capacity for resilience, adaptability and competitiveness in order to respond to these demanding times full of uncertainties.
Anyway, you count on your logistics partner of choice to support the internationalization and expansion of Portuguese companies in foreign markets, as well as the external promotion of the automotive components industry. Together we will promote the best of the Portuguese industry creating conditions for generating new business opportunities with customers and key markets!
Sources:
AFIA. (2023). AFIA apresenta plano de promoção internacional da indústria de componentes para automóveis para 2023. Consultado a 23 de fevereiro de 2023, em: https://afia.pt/afia-apresenta-plano-de-promocao-internacional-da-industria-de-componentes-para-automoveis-para-2023/?utm_source=sendinblue&utm_campaign=PEmpresarial_550-23__Internacionalizao_Parceria_firme_por_mais_negcios&utm_medium=email
Logistica Moderna. (2023). Exportações de componentes automóveis ultrapassam os 10 mil milhões de euros em 2022. Consultado a 23 de fevereiro de 2023, em: https://logisticamoderna.com/exportacoes-de-componentes-automoveis-ultrapassam-os-10-mil-milhoes-de-euros-em-2022/
CCIP. (2015). Exportações do Cluster do Sector Automóvel. Consultado a 23 de fevereiro de 2023, em: https://www.ccip.pt/pt/newsletter-internacional/590-exportacoes-do-cluster-do-sector-automovel
Compete 2020. (2017). Indústria Automóvel | forte dinâmica empresarial alavancada pelo COMPETE 2020. Consultado a 23 de fevereiro de 2023, em: https://www.compete2020.gov.pt/pesquisa/detalhe/NL_Inovacao_automovel
DGAE. (2022). Indústria Automóvel. Consultado a 23 de fevereiro de 2023, em: https://www.dgae.gov.pt/servicos/politica-empresarial/setores-industriais/industria-automovel.aspx
