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In the second quarter of the year, exports of Spanish automotive component and manufacturers went up to €6,303 million, a +25.4% inter-annual growth rate compared with 2020 and a -3.7% contraction compared to the same period in 2019.
The Spanish automotive components manufacturing sector shows its dynamism in foreign markets with internationalization as a key instrument for the economic recovery and industry strengthening.
Between May and August, a decrease of the power the Spanish components sales in the European Union (EU27) has into the global export figures can be seen, reaching a 65%. Sales to EU partners have shown +20.5% inter-annual growth with €4,097 million. Compared with 2019, it shows a slight -1.8% drawback which serves an example of the competitiveness level the sector has worldwide.
Inter-annually, sales have increased in the EU markets with two-digit growth rates. This is the case of Germany, selling €1.052 millions (+18.2%), France (+15%) with sales of €938 millions, Portugal (+10.9%) reaching €527 millions, Italia (+29%), or Poland with €221 million (+26.2,3%).
Comparing with 2019, it’s worth to mention the growth rates in priority markets for the sector such as Italy (+7.0%), Poland (+7.7%), Slovakia (+28.4,6%) or the Netherlands (+25.7%). However, the main partners, Germany (-5.9%), France (-6.8%) and Portugal (-8.8%) still show decreases.
Outside the European Union, it is observed a similar behavior in the main destination markets of a Spanish automotive component manufacturers, with 2-and-3-digit interannual growth rates
In this regard, Mª Begoña Llamazares, Chief of Markets at SERNAUTO (association belonging to the platform Autoparts from Spain) emphasizes on the relevance of international commerce and the sector’s positioning in exterior markets: “figures shown by Spanish automotive component manufacturer are examples that production growth is back in some areas of the planet during this reported period. Markets such as the European Union, United States or China have been key to automotive suppliers to find the way to recovery as well as the increasing diversification of commercial partners in the sector. A notable aspect of this analysis is that the goods commerce has grown in some economies reaching pre-pandemic-like levels. However, the current issues linked to the offer are creating tensions in the supply chain and affect the commercial workflow whose strong dynamism is based on the return of the demand both in developed and emerging economies”
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