Mexico’s “Financier” reported on March 1 that, according to statistics from Mexico’s National Bureau of Statistics, Mexico’s auto exports in 2020 totaled US$122.932 billion, a year-on-year decrease of 16.8%, the largest decline since the 2009 economic crisis, and a record of four years of auto exports. New low.
In addition, Mexico's automobile import and export trade achieved a surplus of US$77.862 billion, a year-on-year decrease of 12.4%, which was the lowest value in the past 11 years. Among them, Ford's exports increased by -45.5%, ranking first in the decline, mainly due to changes in automobile production lines; This was followed by Honda at -27.1% and Volkswagen at -32.6%. At the beginning of the outbreak, the Mexican government did not regard automobile trade as a “basic production” sector. From April to May 2020, the industry has been in a state of stagnation.
