Car Exports by Country

Date: 
April 27, 2020

 

Worldwide car exports by country totaled at US$758.4 billion for 2019. Cars represent the world’s number two exported product by value, trailing exports of crude oil but ahead of electronic integrated circuits.

 

The $758.4 billion in total international car exports for 2019 reflects an 11.8% increase since 2015 but a -2.4% decline compared to the $777 billion spent on globally exported car purchased in 2018.

 

Among continents, European countries sold the highest dollar value worth of car exported during 2019 with shipments totaling $414.4 billion or 54.6% of international car sales. In second place were suppliers in Asia at 24% followed by North American automobile exporters at 19.3%. Smaller percentages came from shippers in Africa (1.3%), Latin America (0.7%) excluding Mexico but including the Caribbean, then Oceania (0.04%) led by Australia and New Zealand.

 

For research purposes, 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 2019.

  1. Germany: US$142.3 billion (18.8% of total exported cars)
  2. Japan: $98 billion (12.9%)
  3. United States: $56.2 billion (7.4%)
  4. Mexico: $49.7 billion (6.6%)
  5. Canada: $40.7 billion (5.4%)
  6. South Korea: $40.5 billion (5.3%)
  7. Belgium: $38.6 billion (5.1%)
  8. United Kingdom: $38.6 billion (5.1%)
  9. Spain: $35 billion (4.6%)
  10. Slovakia: $23.9 billion (3.2%)
  11. France: $23.6 billion (3.1%)
  12. Czech Republic: $22.6 billion (3%)
  13. Italy: $15 billion (2%)
  14. Turkey: $11.9 billion (1.6%)
  15. Sweden: $11.86 billion (1.6%)

 

The listed 15 countries shipped 85.5% of global cars exports in 2019 by value.

Among the top exporters, the fastest-growing cars exporters since 2015 were: Sweden (up 88.4%), Slovakia (up 75.7%), Turkey (up 72.4%) and Mexico (up 51.3%).

Four top suppliers posted declines in their exported cars sales namely Canada (down -9.4%), Germany (down -7%), South Korea (down -3.1%) and the United Kingdom (down -1%).

 

Advantages

 

The following countries posted the highest positive net exports involving international car sales for 2019. 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. Japan: US$85.9 billion (net export surplus up 11.5% since 2015)
  2. Germany: $71.7 billion (down -33%)
  3. Mexico: $40.2 billion (up 71.9%)
  4. South Korea: $29.3 billion (down -7.8%)
  5. Slovakia: $21 billion (up 81.2%)
  6. Czech Republic: $18.3 billion (up 33.3%)
  7. Spain: $13.7 billion (down -19.3%)
  8. Canada: $12.3 billion (down -33.8%)
  9. Thailand: $8.7 billion (up 1.8%)
  10. Turkey: $8.5 billion (down -465.9%)
  11. Hungary: $7.6 billion (up 17.6%)
  12. India: $6.6 billion (up 27.6%)
  13. Sweden: $3.2 billion (down -334.9%)
  14. South Africa: $2.8 billion (up 129.1%)
  15. Romania: $2.6 billion (up 46.2%)

Overtaking Germany in 2019, Japan now has the highest surplus in the international trade of cars. 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 cars during 2019. 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-$123.4 billion (net export deficit up 8.4% since 2015)
  2. China: -$38.4 billion (down -4.1%)
  3. Italy: -$15.8 billion (up 83.3%)
  4. France: -$14.9 billion (up 27.9%)
  5. Australia: -$14.6 billion (up 5.8%)
  6. Saudi Arabia: -$10.9 billion (down -35.5%)
  7. Switzerland: -$10.4 billion (up 3.2%)
  8. United Arab Emirates: -$8.1 billion (down -1.3%)
  9. Netherlands: -$6.9 billion (up 19.6%)
  10. Russia: -$6.3 billion (up 19.7%)
  11. Norway: -$5.8 billion (up 20%)
  12. United Kingdom: -$5.3 billion (down -46.1%)
  13. Israel: -$5.1 billion (up 63.1%)
  14. Taiwan: -$4.8 billion (up 67.3%)
  15. Poland: -$4 billion (down -462.8%)

 

Italy incurred the highest deficit in the international trade of cars. In turn, this negative cashflow confirms Italy’s strong competitive disadvantage for this specific product category but also signals opportunities for car-supplying countries that Italy’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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