Car Exports by Country

Date: 
October 21, 2017

 

Car Exports by Country

 

Global car exports by country were valued at US$698.2 billion for 2016. Cars represent the world’s number one export product, surpassing crude petroleum revenues handicapped by lower oil prices.

The $698.2 billion in total international car exports for 2016 represents a 7.1% improvement from 2012 and a 2.7% uptick compared to the $679.8 billion spent during 2015.

Among continents, European countries accounted for the highest dollar value worth of car exports during 2015 with shipments amounting to $380.6 billion or 54.6% of international car sales. In second place was Asia at 23.9% followed by North American automobile exporters at 19.2%.

The 4-digit Harmonized Tariff System code prefix for cars is 8703.

 

Countries

Below are the 15 countries that exported the highest dollar value worth of cars in 2016:

  1. Germany: US$151.9 billion (21.8% of total car exports)
  2. Japan: $91.9 billion (13.2%)
  3. United States: $53.8 billion (7.7%)
  4. Canada: $48.8 billion (7%)
  5. United Kingdom: $41.3 billion (5.9%)
  6. South Korea: $37.5 billion (5.4%)
  7. Spain: $35.6 billion (5.1%)
  8. Mexico: $31.4 billion (4.5%)
  9. Belgium: $30.3 billion (4.3%)
  10. Czech Republic: $18.8 billion (2.7%)
  11. France: $18.4 billion (2.6%)
  12. Slovakia: $15.5 billion (2.2%)
  13. Italy: $15.2 billion (2.2%)
  14. Thailand: $11.6 billion (1.7%)
  15. Hungary: $11.1 billion (1.6%)

 

Among the above countries, the fastest-growing car exporters since 2012 were Hungary (up 117%), Thailand (up 104.7%), Italy (up 64.5%) and Spain (up 41.6%).

Four countries posted declines in their exported car sales: South Korea (down 11.6%), France (down -9.6%), Japan (down -5.7%) and the United States (down -1.4%).

The listed 15 exporters accounted for 87.8% of global car exports by country during 2016.

 

Advantages

The following countries posted the highest positive net exports involving international car sales for 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 car exports and its import purchases for that same commodity.

  1. Germany: US$100.6 billion (net export surplus down -3.8% since 2012)
  2. Japan: $81.6 billion (down -5.8%)
  3. South Korea: $28.2 billion (down -25.7%)
  4. Canada: $22.4 billion (up 6.7%)
  5. Mexico: $21.5 billion (down -0.2%)
  6. Spain: $17.3 billion (up 14.9%)
  7. Czech Republic: $15 billion (up 17.8%)
  8. Slovakia: $13.1 billion (up 11%)
  9. Thailand: $10.7 billion (up 151.4%)
  10. Hungary: $8.4 billion (up 164.3%)
  11. India: $6.2 billion (up 68.2%)
  12. South Africa: $1.9 billion (down -269.4%)
  13. Brazil: $1.8 billion (down -131.2%)
  14. Indonesia: $1.4 billion (down -396.6%)
  15. Romania: $1.3 billion (down -36.1%)

 

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

 

Opportunities

The following countries posted the highest negative net exports for cars 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 deficit between the value of each country’s car import purchases and its exports for that same commodity.

  1. United States: -US$119.5 billion (net export deficit up 26.2% since 2012)
  2. China: -$39 billion (down -4.1%)
  3. Australia: -$14.6 billion (down -7.6%)
  4. France: -$13.5 billion (up 40.6%)
  5. Italy: -$12.3 billion (up 11.3%)
  6. Saudi Arabia: -$12.1 billion (down -21.3%)
  7. Switzerland: -$9.8 billion (down -8%)
  8. United Arab Emirates: -$9.5 billion (up 36.5%)
  9. Norway: -$5.1 billion (down -2.7%)
  10. Israel: -$4.9 billion (up 72.5%)
  11. Russia: -$4.9 billion (down -74.4%)
  12. Austria: -$4.9 billion (up 2.1%)
  13. United Kingdom: -$4.8 billion (up 828.8%)
  14. Philippines: -$3.9 billion (up 141.1%)
  15. Taiwan: -$3.6 billion (up 127.8%)

 

The United States incurred the highest deficit in the international trade of cars well ahead of second-place China. In turn, this negative cashflow highlights the America’s strong competitive disadvantage for this specific product category but also signals opportunities for car-supplying countries that help satisfy the powerful demand that U.S. drivers represent.

 

Companies

Car Exporting Companies

According to Forbes 2015 Global 2000 rankings, the following car and truck producing companies are among the top 100 largest companies in the world:

  • Toyota Motor (Japan)
  • Volkswagen Group (Germany)
  • Daimler (Germany)
  • Ford Motor (United States)
  • BMW Group (Germany)
  • General Motors (United States)
  • Honda Motor (Japan)
  • Hyundai Motor (South Korea)
  • Nissan Motor (Japan)
  • SAIC Motor (China)

 

The above corporations are presented in the same order as they appear in the Forbes listing.

 

Source: worldstopexports.com

 

 

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