Automotive Parts Exports by Country

Date: 
November 13, 2017

 

Global sales from auto parts exports by country amounted to US$360.6 billion in 2016.

Overall, the value of auto parts exports were up by an average 3.8% for all exporting countries since 2012 when auto parts shipments were valued at $347.3 billion. Year over year, the value of global automotive parts exports appreciated by 2.4% from 2015 to 2016.

Among continents, European countries accounted for the highest dollar worth of automotive parts exports during 2016 with shipments valued at $167.8 billion or 46.6% of global exports. Second-place Asia generated 30.1% followed by North American shipments at 22.1%. Latin America (excluding Mexico) plus the Caribbean shipped 0.8% of the worldwide total trailed by Africa (0.3%) and Oceania (0.2%) with even smaller shares.

The 4-digit Harmonized Tariff System code prefix for motor vehicle parts and accessories is 8708.

 

Countries

Below are the 15 suppliers that exported the highest dollar value worth of automotive parts during 2016:

  1. Germany: US$56.4 billion (15.6% of total auto parts exports)
  2. United States: $42.8 billion (11.9%)
  3. Japan: $31.7 billion (8.8%)
  4. China: $28.4 billion (7.9%)
  5. Mexico: $26.2 billion (7.3%)
  6. South Korea: $21.8 billion (6.1%)
  7. France: $14.7 billion (4.1%)
  8. Czech Republic: $13.5 billion (3.8%)
  9. Italy: $12.5 billion (3.5%)
  10. Poland: $11.2 billion (3.1%)
  11. Canada: $10.6 billion (2.9%)
  12. Spain: $10 billion (2.8%)
  13. Thailand: $6.9 billion (1.9%)
  14. United Kingdom: $6.4 billion (1.8%)
  15. Hungary: $5.9 billion (1.6%)

The listed 15 countries shipped 82.9% of all auto parts exports in 2016 (by value).

Among the above countries, the fastest-growing auto parts exporters since 2012 were: Hungary (up 53.7%), Mexico (up 37.5%), Poland (up 33.5%) and Czech Republic (up 33.3%).

Those countries that posted declines in their exported auto parts sales were led by: Japan (down -20.4%), France (down -11.4%), Italy (down -9.1%) and United Kingdom (down -4.1%).

 

Advantages

The following countries posted the highest positive net exports for automotive parts during 2016. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus between the value of each country’s automotive parts exports and its import purchases for that same commodity.

  1. Japan: US$24.1 billion (net export surplus down -26.8% since 2012)
  2. Germany: $18.8 billion (down -4.8%)
  3. South Korea: $17.9 billion (down -5.9%)
  4. Italy: $4.7 billion (down -39.6%)
  5. Czech Republic: $4.5 billion (up 58.4%)
  6. Poland: $4.4 billion (up 46.2%)
  7. Mexico: $3.4 billion (down -321.6%)
  8. Romania: $2.9 billion (up 111%)
  9. China: $2.9 billion (up 319.9%)
  10. Taiwan: $2.4 billion (up 20.4%)
  11. France: $1.3 billion (down -68.1%)
  12. Thailand: $1 billion (down -141.2%)
  13. Philippines: $809.4 million (down -15%)
  14. Hungary: $761.7 million (down -39.9%)
  15. Austria: $403.7 million (up 496.9%)

Japan has the highest surplus in the international trade of automotive parts. In turn, this positive cashflow confirms Japan’s strong competitive advantage for this specific product category.

 

Opportunities

The following countries posted the highest negative net exports for automotive parts during 2016. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present thedeficit between the value of each country’s automotive parts import purchases and its exports for that same commodity.

  1. United States: -US$23.8 billion (net export deficit up 45.6% since 2012)
  2. Canada: -$10 billion (down -12.6%)
  3. United Kingdom: -$9.4 billion (up 16.2%)
  4. Spain: -$6.7 billion (up 44%)
  5. Russia: -$5.4 billion (down -48%)
  6. Slovakia: -$3.5 billion (down -12%)
  7. Brazil: -$3 billion (down -0.1%)
  8. United Arab Emirates: -$1.9 billion (up 112.5%)
  9. Belgium: -$1.8 billion (down -43%)
  10. Argentina: -$1.8 billion (down -32%)
  11. Australia: -$1.6 billion (down -19.2%)
  12. Malaysia: -$1.5 billion (up 20.7%)
  13. Saudi Arabia: -$1.4 billion (down -17.8%)
  14. Turkey: -$1.3 billion (up 20.9%)
  15. Iran: -$1.2 billion (up 2.2%)

United States has the highest deficit in the international trade of automotive parts. In turn, this negative cashflow confirms America’s strong competitive disadvantage for this specific product category but also signals opportunities for automotive parts-supplying countries that help satisfy the powerful demand from American consumers.

 

Companies

Automotive Parts Exporting Companies

Crain Communications Inc’s Automotive News supplement ranks the following manufacturers as among the world’s largest automotive parts manufacturers. These companies are known as original equipment manufacturers (OEMs) which means they are subcontractors to the original vehicle creators. Shown within parenthesis is the country where the company is headquartered.

  1. Robert Bosch GmbH (Germany)
  2. Magna International Inc (Canada)
  3. Continental AG (Germany)
  4. Denso Corp (Japan)
  5. Aisin Seiki Co (Japan)
  6. Hyundai Mobis (South Korea)
  7. Faurecia (France)
  8. Johnson Controls Inc (United States)
  9. ZF Friedrichshafen AG (Germany)
  10. Lear Corp (United States)

The above list is sorted in the same order as in the Automotive News ranking.

 

Source: worldstopexports.com

 

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