Automotive components have experienced a greater increase in demand than domestic exports of goods, which in turn experienced a decline of 3.6% compared to April 2022, demonstrating a notable trend for the twelfth consecutive month. In April there was a growth of 26.9%, in comparison to the same period last year, resulting in a value of 899 million euros, which contrasts with the pre-pandemic period of approximately 795 million euros in April 2019.
Although supply chain disruptions continue to affect the Portuguese automotive industry, such as the shortage of chips and electronic components, it remains resilient and has a very efficient responsiveness. This has allowed an achievement of an increasing market share.
Compared to the accumulated value until April 2023, car components have reached 3945 million euros (an increase of 22.5% compared to the same period in 2022).
Among the main customers of Portuguese automotive components there are four out of five countries whose exports increased compared to the previous year: Spain (+ 21%), Germany (+ 29.5%), France (+ 24.2%) and Slovakia (+ 29.4%). Despite the fact that United States of America is part of the five markets whose 70% of Portuguese exports of automotive components are destined, this country presented a drop of 15.5%, remaining as the 5th client country.
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Sources:
AFIA. (2023). AFIA | Exportações de componentes automóveis crescem consecutivamente há um ano. Consultado a 03 de julho de 2023, em: https://afia.pt/afia-exportacoes-de-componentes-automoveis-crescem-consecutivamente-ha-um-ano/?utm_source=brevo&utm_campaign=PEmpresarial%20628-23%20%20Desafios%2050%20Vamos%20premiar%20ideias%20de%20negcio&utm_medium=email
ECO. (2023). Exportações de componentes automóveis sobem 22,5% até abril. Consultado a 03 de julho de 2023, em: https://eco.sapo.pt/2023/06/12/exportacoes-de-componentes-automoveis-sobem-225-ate-abril/
Auto+. (2023). Ritmo de crescimento das exportações de componentes automóveis superior face a 2019. Consultado a 03 de julho de 2023, em: https://automais.autosport.pt/noticias/ritmo-de-crescimento-das-exportacoes-de-componentes-automoveis-superior-face-a-2019/
