Auto parts trade balance presented at deficit of youDS 6.525 million during the first nine months of 2022, the Association of Automotive Component Manufacturers (AFAC), the chamber that brings together most of the country’s auto parts manufacturers.
According to the AFAC report, auto parts were imported from during this period 7,666 million dollarswhile exports have been added $1,141 million.
Meanwhile, the finished vehicle line showed, for the same period, a favorable balance approximately 4 billion dollarsaccording to sources in the sector which groups together the automotive terminals, of which the auto parts manufacturers are suppliers.
In the midst of a growing restriction on vehicle imports, the trade balance for this line shows finished unit exports $5.7 billionagainst imports of US$ 1,700 million.
Thus, the balance of the automotive sector as a whole shows a deficit of just over 2,500 million dollars in the first nine months of the year.
A mixed trade situation has been going on in the local automotive industry for years: there is a surplus in the exchange of finished vehicles and a deficit in the auto parts line.
But the trade balance as a whole ends up being negative because imports of auto parts far outnumber exports of parts and vehicles. Every car, pickup or utility vehicle assembled in Argentina carries between 50% and 80% of auto parts imported.
This year, the negative trade balance of auto parts was 31.7% over the same period of 2021. The parallel between the shortage of auto parts and the increase in local vehicle production almost complete: In nine months, the automotive industry produced 393,000 vehicles, an increase of 28.1%.
According to the AFAC auto parts chamber report, Argentina’s largest trading partner in the sector was Brazil, with a trade deficit of US$1,734 million (imports of US$2,479 million and exports of US$745 million). US dollars) and the European Union Bloc. a negative balance of US$1,317 million (US$1,420 million of imports and US$104 million of exports).
Another important partner is Thailand, the country where pick ups are produced which are also assembled in Argentina: with that country, the deficit amounted to 992 million US dollars (imports of US$992 million and exports of US$248,677). The deficit with China is also important, with a deficit of 841 million USD (imports for 843 million USD and exports for 2.1 million USD) and with the United States, which accumulate a deficit of 384 million USD ( 463 million USD of imports and 80 USD million). million exports).
Source: Clarin
