- CNTV English - CCTV News

Homepage > News > Biz >

Mexican auto industry registers strong exports in November

12-15-2010 10:32 BJT

MEXICO CITY, Dec. 13 (Xinhua) -- Mexican auto exports registered a 24.7 percent increase and a 17.5 percent increase in production year on year in November, the Mexican Automotive Industry Association (AMIA) said in a statement Monday.

Auto export has become one of the key factors behind Mexico's 2010 export boom, accounting for more than 19.5 billion dollars, more than traditional sectors like oil, tourism and remittances.

More than 168,000 vehicles were exported in November, and the total number in the first 11 months of 2010 has surpassed 1.7 million. This number is nearly 58 percent more than that of 2009, when the auto market was unusually depressed, and 10.3 percent more than the same period in 2008, when the worldwide recession was just beginning to have an impact.

AMIA said some of the export growth comes from companies which moved manufacturing to Mexico during the recession.

The United States remains the largest importer of Mexican vehicles, making up almost 69 percent of the total, with the rest of Latin America only accounting for 10.6 percent and Canada for 7.8 percent.

Mexico's economy is growing, and has recovered the formal jobs lost during last year's steep recession. However, consumer confidence remains low when it comes to buying new expensive goods.

Editor:Du Xiaodan |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program