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06/04/2017 - 16:31hs

Vehicle exports from Brazil break record

Brazilian industry shipped 172.700 units abroad in Q1, the biggest amount ever. Export volume in March was also an all-time high at 68,500 units sold.

São Paulo – Vehicle exports from Brazil broke a record in quarter one, the National Motor Vehicle Manufacturers Association (Anfavea) reported this Thursday (6). Shipped amount was up 69.7% from Q1 2016 to 172,700 vehicles.

March was also the best month ever for industry exports at 68,500 units sold, including automobiles, light vehicles, trucks and bus chassis, up 64.4% from March 2016 and up 3.3% from February 2017.

Export revenue soared by 51.5% in Q1, to USD 3.3 billion, from USD 2.2 billion in Q1 2016.

In March alone, revenue reached USD 1.330 billion, up 57.4% from March 2016 and 11.3% from February 2017.

Foreign sales are fuelling output growth for the Brazilian industry. Q1 saw 609,800 units made, up 24% from Q1 2016. Output in March was 234,700, up 18.1% from March 2016 and 17.1% from February.

Production-wise, March was the best month for the industry since March 2015.

Domestic sales recovered slightly last month at 189,100 vehicles sold, a 5.5% increase over March 2016 and up 39.4% from February. Q1 numbers were not as good: 472,000 units were sold, a 1.9% drop over Q1 2016.

*Translated by Gabriel Pomerancblum

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