Automotive production grew 12.1% in April. Heavy production fell by 14% – The Economic Journal


Automobile production and assembly in April totaled 28,602 vehicles, up 12.1% over April 2018, the Automobile Association of Portugal (ACAP) revealed on Wednesday.

In the first four months of 2019, 123,073 motor vehicles exited the Portuguese factories, an increase of 25.8% compared to the same period last year.

According to the same data, this value "confirms the importance that exports represent for the automotive sector", with 97.4% of the vehicles manufactured in Portugal having as their main destination the external market, and these exports contribute "in a way significant for the Portuguese trade balance ".

Europe continues to be the most important market for exports of vehicles manufactured domestically (98.2%), with Germany (22.6%), Italy (15.9%), France (13.8%), and Spain (11.2%) to lead the list.

ACAP data show that 396 heavy vehicles were assembled in April this year and, in cumulative terms, from January to April 1,893 vehicles. Of these, 95.6% were exported, with America (89.7%) being the main arrival destination.

Although in the first four months of the year accumulated a positive production of 11.5%, in April the production of heavy-duty vehicles showed a drop of 14.1%.

Light commercial vehicles, on the other hand, had a 7.9% increase in production, when compared to the same period, reaching 4,700 units. In accumulated value, from January to April of this year, 19,518 commercial vehicles were produced, an increase of 21.6%.



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