Mexico’s automotive exports fell in April on lower demand from the US due to the COVID-19 pandemic.
Mexico exported $2.62bn worth of automotive products last month, which declined by 79.1pc from April 019, while manufactured product shipments totaled $20.3mn, but decreased by 41.9pc during the comparable period, according to figures from the National Institute of Statistics, Geography, and Informatics (Inegi).
Mexico’s car sales dropped by 64.5pc to 34,903 units in April on lower demand caused by the pandemic. Auto sales in April 2019 reached 98,346 units.
Metal product, machinery, and equipment exports decreased by 21.6pc in April 2020 from , Inegi said without disclosing the value.
It also noted that construction activity in Mexico declined in March by 17.1pc on lower demand for residential and infrastructure developments.
As a result of low demand from automotive and construction industries, which has been a consequence of the pandemic, Mexico’s crude steel production fell by 12.1pc to 1.4mn mt last month from April 2019.