The primary driver of this turnaround has been economic growth. As a sub-region, Central America was expected to grow 4 percent in 2016, as opposed to a .5 percent economic contraction in Latin America.
Despite several politically induced senior-level oversight vacancies, the Export-Import Bank of the United States is still open for business to assist aftermarket executives with selling products to overseas customers.
Achieving official certification levels for automotive exports and imports is a high priority, strongly encouraged and aided by the Korean government. In 2016 the Ministry of Land, Infrastructure and Transport (MOLIT) signed on with NSF International to adhere to its auto parts evaluation and certification standards.
There are few nations that have as close a relationship with the United States as Israel. However, political alliances don’t necessarily translate into aftermarket sales opportunities for automotive parts and accessories.
Panama is a very small market, but the business of Panama is its free-trade zone. Panama is very adept at handling exports. This makes for a large and healthy aftermarket for distributors and third-party logistics providers.
Formally designated as the Export-Import Bank of the United States and commonly called Ex-Im, said 89 percent of its record-high 3,413 transactions in 2013 were for small businesses and the department turns a profit.
The mayor of Chicago and executives from Advanstar Communications and Messe Frankfurt introduced Automechanika Chicago, a new trade show that will focus on shop-level training for technicians and product discovery.