Billing figures in the second quarter of the year for Spanish automotive exports of components and equipments reached €7,480 million. It presents a +18.7% inter-annual growth rate compared to 2021.
This growth shows how strong and relevant international markets are for the Spanish components sector. According to Begoña Llamazares, Coordinator of the Plataform Autoparts from Spain “Internationalization is a tool our industry holds to handle the struggles of crisis periods. Besides, it strengthens the image of the sector as a global automotive supplier for the supply chain and the spare market world”.
The Spanish industry of automotive suppliers performs in a global environment, in this way internationalization becomes a strong signal of identity because of its relevance for supporting and empowering the sector.
Between May and August 2022, the relevance of quarterly exports on the global figures of Spanish sales of components to the European Union markets (EU27) is placed on a 64.8%. Sales to EU partners registered a +18.3 inter-annual growth with €4,847 million.
Inter-annually speaking, sales have increased in EU markets with a two-digit rate growth: Germany (+16.5%), with figures of € 1,225 million. France (+28.5%), with a €1,205 million worth of sales. Portugal (+17.9%), with a €622 million billing. Italy (+10.3%), with €384 million. Poland (+15.4%), with figures of €255 million or Czech Republic +17.7% with €206 million.
Outside the European Union, a two-digit billing increase can be seen in all main partners but China, which experiments a contraction:
United States is consolidated as the main destination for Spanish exports outside the EU with €546 million a +50.8% growth compared with the same period in 2021.
UK shows a +17.8% inter-annual rate growth compared to 2021, with total exports of €378 million.
Morocco has shown a +11.9% growth with figures of €313 million, ranking third main destination outside the European Union.
China trends down with exports of €185 million, an -11.7% decrease compared to 2021.
Presence at international events not only boosts brand positioning, but also market diversification. One example is the outstanding participation of Autoparts from Spain in Automechanika Dubai, one of the most important trade fairs in the international automotive industry. This participation positions the initiative as a benchmark of excellence in the global automotive industry and promotes the image of Spain as a country with a high quality and reliable automotive industry.
Between January and April 2023 exports of Spanish automotive components and equipment reached €9,028 million which is a +26.2%, inter-annual growth rate, which reflects the dynamism shown by the sector’s sales abroad.
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