The sector thus maintains its export strength in a context of macroeconomic contraction in some of the main markets, thanks to the geographic diversification of its exports.
The European Union it remains the main destination market for Spanish exports of components, with a market share of 72.5% of sales. Sales increased by 1.05% compared to the same period of the previous year, reaching 5.336 million euros.
According to the analysis carried out by SERNAUTO, the evolution of exports in the main European automotive markets has been uneven. The growth of Portugal, destination that has increased by 13%, standing at 633 million euros. Italy it has increased slightly (+ 2%), reaching 345 million euros, reversing the trend of the previous year.
However, sales to Germany, the main commercial partner of the sector, have decreased by 7.3%, with a figure of 1,298 million euros. France breaks the trend of recent years registering a reduction of 2%, with total sales of 1,269 million euros.
The United Kingdom, fourth destination of Spanish exports, presented a negative growth rate, since it fell by 2.24%, standing at 522 million euros.
Outside the European Union, Morocco continues as the first destination of Spanish exports, with total sales of 336 million euros, and a growth of 2.2% over the same period of the previous year. U.S it maintains its second position, with remarkable growth compared to the same period last year (+ 16.1%), reaching 317 million euros.
Algeria unseats China as the third destination, reaching 264 million euros. The Asian country shows a deceleration of -36.3%, abandoning the positive path it was experiencing in recent years, with total sales of 142 million euros.
South Africa presents an increase of its sales of 16.4% compared to the same period of the previous year, with an amount of total exports of 93 million euros. By contrast, Turkey and Russia suffered significant setbacks (-18% and -17%), and Japan also shows a fall of 21.2%, standing at 72 million euros.
Next, the graphs with the percentages of exports made to the main destinations are collected, both within the EU and in the rest of the world.