In the second quarter of the year, Spanish automotive component manufacturers' exports reached €6.303 million, with a year-on-year growth rate of +25.4% compared to 2020 and a decrease of -3.7% compared to the same period in 2019.
The Spanish automotive component manufacturing sector demonstrates its dynamism in foreign markets, with internationalization being an essential instrument on the path to economic recovery and the strengthening of this industry.
Between May and August, the share of Spanish component sales to the European Union (EU27) markets as a percentage of total quarterly exports has decreased to 65%. Sales to EU member states have recorded a year-on-year growth of +20.5%, reaching a figure of €4.097 million. When compared to 2019, this represents only a slight decrease of -1.8%, indicating the sector's competitiveness on the international stage.
In year-on-year terms, sales have increased in EU markets with double-digit growth rates, such as Germany (+18.2%) with sales valued at €1.052 million, France (+15%) with sales worth €938 million, Portugal (+10.9%) with sales of €527 million, Italy (+29%) with sales of €348 million, and Poland (+26.2%) with sales of €221 million.
In the comparison with 2019, notable growth rates are observed in some priority markets for the sector, such as Italy (+7.0%), Poland (+7.7%), Slovakia (+28.4%), or the Netherlands (+25.7%). However, major partners like Germany (-5.9%), France (-6.8%), and Portugal (-8.8%) still report declines.
In this regard, Mª Begoña Llamazares, Market Manager at SERNAUTO, an association that belongs to the Autoparts from Spain platform, emphasizes the importance of international trade and the sector's positioning in foreign markets: "The export figures of Spanish automotive component manufacturers show the resurgence of global production and trade growth in certain regions and countries during the analyzed period. Markets such as the European Union, the United States, or China have been key for automotive suppliers in the path to revenue recovery, as well as the increase in diversification of the sector's commercial partners. A notable aspect of the analyzed period is the increase in global trade in goods in certain economies compared to the pre-pandemic period. However, current disruptions related to the supply are generating tensions in the supply chain and affecting trade flows, whose strong dynamism has been based on the recovery of demand in both developed economies and certain emerging markets.
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