23 May 19

Latin America’s top 5 car import markets

Latin America’s top five car import markets posted US$27.3bn in business in 2018 or 3.5% of the world total.

Importing the most vehicles in the region was Mexico with US$10.6bn in operations (1.4% of the world total), followed by US$5.2bn in Argentina, US$5bn in Chile, US$4.2bn in Brazil, and US$2.3bn in Colombia, according to news portal World’s Top Exports.

In 2018, global car imports rose 1.3% year-over-year to a total of US$778bn. The leading country was the United States with approximately US$179bn in imports, equivalent to 23.1% of the world total.

Authored by: Daniel Bland