Car Exports by Country

Date: 
May 21, 2018

 

Global car exports by country were valued at US$740.1 billion for 2017. Cars represent the world’s number one export product by value in recent years, surpassing crude petroleum revenues handicapped by lower oil prices.

The $740.1 billion in total international car exports for 2017 represents a 9.2% appreciation since 2013 and a 5.6% uptick compared to the $700.7 billion spent worldwide during 2016.

 

Among continents, European countries accounted for the highest dollar value worth of car exports during 2017 with shipments amounting to $405.4 billion or 54.8% of international car sales. In second place was Asia at 23.6% followed by North American automobile exporters at 19.1%.

 

Smaller percentages of overall car exports came from Africa (1.2%), Latin American excluding Mexico but including the Caribbean (also 1.2%) and Oceania (0.1%) led by Australia.

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 2017:

  1. Germany: US$157.4 billion (21.3% of total car exports)
  2. Japan: $93.4 billion (12.6%)
  3. United States: $53.6 billion (7.2%)
  4. Canada: $46.4 billion (6.3%)
  5. United Kingdom: $41.9 billion (5.7%)
  6. Mexico: $41.7 billion (5.6%)
  7. South Korea: $38.8 billion (5.2%)
  8. Spain: $35.8 billion (4.8%)
  9. Belgium: $33.1 billion (4.5%)
  10. France: $22.1 billion (3%)
  11. Czech Republic: $21.5 billion (2.9%)
  12. Italy: $18 billion (2.4%)
  13. Slovakia: $16.4 billion (2.2%)
  14. Turkey: $11.8 billion (1.6%)
  15. Thailand: $10.9 billion (1.5%)

The listed 15 exporters accounted for 86.8% of global car exports by country during 2017.

Among the above countries, the fastest-growing car exporters since 2013 were Italy (up 79.8%), Turkey (up 72.3%), Thailand (up 64.1%) and Czech Republic (up 40.2%).

Two countries posted declines in their exported car sales, namely South Korea (down -12.3%) and the United States (down -6.5%).

 

Advantages

 

The following countries posted the highest positive net exports involving international car sales for 2017. 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$98.9 billion (net export surplus down -8.0% since 2013)
  2. Japan: $82.3 billion (up 1.5%)
  3. Mexico: $30.2 billion (up 26.1%)
  4. South Korea: $29.2 billion (down -24.7%)
  5. Canada: $17.7 billion (down -6%)
  6. Czech Republic: $16.7 billion (up 30.7%)
  7. Spain: $15.6 billion (down -12.5%)
  8. Slovakia: $13.4 billion (up 5.4%)
  9. Thailand: $10.1 billion (up 91.1%)
  10. Hungary: $5.4 billion (up 31%)
  11. India: $4.9 billion (down -7.8%)
  12. Brazil: $3.7 billion (reversing a -$3.6 billion deficit)
  13. Turkey: $3.2 billion (reversing a -$2.3 billion deficit)
  14. Indonesia: $2 billion (reversing a -$115.2 million deficit)
  15. South Africa: $1.7 billion (reversing a -$1.8 billion deficit)

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 2017. 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-$126 billion (net export deficit up 28.3% since 2013)
  2. China: -$42.8 billion (down -0.2%)
  3. Australia: -$16.8 billion (up 6%)
  4. Italy: -$13.2 billion (up 29.3%)
  5. France: -$12.6 billion (up 13.4%)
  6. Switzerland: -$10 billion (up 1.2%)
  7. United Arab Emirates: -$9.1 billion (up 8.1%)
  8. Saudi Arabia: -$8.3 billion (down -45.8%)
  9. Norway: -$6.3 billion (up 11.3%)
  10. Russia: -$5.4 billion (down -65.3%)
  11. Austria: -$5.2 billion (up 17.4%)
  12. Argentina: -$4.8 billion (up 61.7%)
  13. Philippines: -$4.5 billion (up 169.9%)
  14. Taiwan: -$4.3 billion (up 112.4%)
  15. Chile: -$4 billion (down -1.2%)

The United States incurred the highest deficit in the international trade of cars far 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 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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