Car production in Portugal dropped 10.9 percent year-on-year to 23,415 units in January 2020, the first annual decline for the month since 2016. Production at Autoeuropa, which accounted for 90.5 percent of car output, slumped 11.3 percent, while production at Peugeot Citroen declined 6.7 percent. Exports continued to be the main driver of the automotive sector, as 99.3 percent of total production was shipped to the foreign market. France received the most cars, followed by Germany, Italy, Spain and the UK.
Car Production in Portugal averaged 15393.30 Units from 1994 until 2020, reaching an all time high of 186996 Units in December of 1999 and a record low of 806 Units in August of 2004. This page provides - Portugal Car Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.
Car Production in Portugal is expected to be 24100.00 Units by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Car Production in Portugal to stand at 21200.00 in 12 months time. In the long-term, the Portugal Car Production is projected to trend around 20600.00 Units in 2021, according to our econometric models.