In 2017, the automotive industry accounts for 4% of national GDP and 20% of industrial production. Since 2017, the Brazilian automotive industry has been in a period of growth, with an annual increase of 23.74% in production and a total of 2.5 million vehicles manufactured (passenger and commercial vehicles).
Market demand from neighboring countries has helped the recovery of Brazils automotive industry. In 2017, 72% of Brazil’s vehicle production was exported to Argentina. In the same year, general exports hit a record high, reaching 766,000 units, a +42.8% rise in comparison to 2016 (value of 15.8 billion USD).
Brazil has 27 manufacturers of motor vehicles, agricultural and construction machinery and 65 industrial sites. These are concentrated mainly in the state of São Paulo and in the southern region of the country. The state of São Paulo has a high concentration of automotive OEMs based in the ABC region - cities of Santo André, São Bernardo do Campo and São Caetano do Sul.
In 2017, Brazil was the 11th largest vehicle manufacturer in the world and the largest vehicle manufacturer in South America.
Manufacturers present in Brazil (by market share in 2017):
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