Industry

Automotive production up 2.3% but exports down 31.9%

Vehicle production in Brazil grew 2.3% in 2019 over the previous year, according to the manufacturers association Anfavea. Last year 2,944,962 cars, trucks and buses were manufactured, compared with 2,879,809 in 2018. Despite being the third consecutive year of production growth, the 31.9% drop in exports, especially to Argentina, was the largest since 2017. The 428,198 units sold abroad were the worst result since 2015.

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Source: G1