MEXICO CITY Mexico exported far fewer automobiles to Latin America in January than it did a year earlier, but it boosted its overall exports by 14.2 percent to 178,562 vehicles by expanding shipments to North America, Asia, and Africa, according to Mexican automotive association Amia.
Mexico exported 14,192 automobiles to Latin America last month, down 56.2 percent from January 2012. "This decrease is a result of the implementation of export quotas to Brazil and Argentina, the main markets of our sales in South America," the association said.
Shipments to Brazil fell 88.2 percent to 2,128 vehicles, while exports to Argentina dropped 45.8 percent to 2,460.
Sales to the United States, however, increased 31.5 percent to 128,961 vehicles; shipments to Canada rose 16 percent to 11,921; exports to Asia jumped 227 percent to 4,366; and sales to Africa soared 403.7 percent to 2,841.
A version of this article was first published by AMM sister publication Steel First.