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Export News
12-12-2024
The global automotive industry is a key driver of international trade, with auto exports valued at approximately $1.3 trillion in 2023. Several countries dominate the auto export market, led by Germany, Japan, and the U.S. Tendata will highlight the top 10 auto exporters in 2023 and emerging trends reshaping the landscape.
Top Auto Exporters by Countries
1. Germany
Germany remains the largest auto exporter, with $140 billion worth of vehicles shipped in 2023. Brands like Volkswagen, Mercedes-Benz, and BMW lead global sales, particularly in Europe, North America, and China. In total, Germany exported 3.5 million vehicles, accounting for over 60% of its total production.
2. Japan
Japan is the second-largest exporter, with $85 billion in vehicle exports in 2023. Major brands like Toyota, Honda, and Nissan continue to dominate markets in North America, Asia, and Europe. Japan exports around 4.5 million vehicles annually, focusing heavily on hybrids and electric vehicles (EVs).
3. United States
The U.S. exported $60 billion worth of vehicles in 2023, focusing on light trucks and SUVs. Despite having a larger domestic market, U.S. exports reached 2.3 million vehicles, with significant shipments to Canada, Mexico, and the Middle East.
>>Learn More About Auto Market<<
4. South Korea
South Korea exported $40 billion in vehicles in 2023, led by brands like Hyundai and Kia. With a focus on affordable, fuel-efficient cars, South Korea shipped 2.5 million vehicles, primarily to the U.S., Europe, and the Middle East.
5. Mexico
Mexico has emerged as a major player, exporting $50 billion in vehicles in 2023. The country shipped 3 million vehicles, with the U.S. as its largest market. Mexico benefits from proximity to the U.S. and trade agreements like USMCA.
Top 10 Auto Exporters in 2023
JAGUAR LAND ROVER LIMITED: 16.69%, $ 193,310,986.31
APPLE OPERATIONS LTD: 15.61%, $ 180,749,428.58
HYUNDAI GLOVIS CO LTD: 10.94%, $ 126,673,457.16
FCA INTERNATIONAL OPERATIONS LLC: 9.47%, $ 109,732,138.40
MICHELIN: 9.24%, $ 106,999,164.99
HYUNDAI MOTOR COMPANY: 7.90%, $ 91,525,417.19
NISSAN MOTOR CO LTD: 7.80%, $ 90,301,396.04
FCA ITALY S P A: 7.64%, $ 88,534,895.47
MICHELIN NORTH AMERICA INC: 7.45%, $ 86,301,789.75
MR GLOBAL HK LIMITED: 7.26%, $ 84,105,366.48
>>Click Here to Get Auto Export Report<<
Emerging Trends in Auto Exports
Shift to Electric Vehicles (EVs): As demand for EVs grows, auto exporters like Germany, South Korea, and Japan are increasing EV production and exports. By 2025, 20% of global car exports are expected to be electric or hybrid vehicles.
Trade Agreements and Tariffs: Trade policies, including the EU, USMCA, and China's Belt and Road Initiative, continue to influence auto exports. Fluctuating tariffs and trade barriers, especially between the U.S. and China, impact export dynamics.
Demand for SUVs and Crossovers: The growing demand for SUVs and crossovers in markets like the U.S., China, and the Middle East is driving exports from Germany, Japan, and the U.S., as these vehicles offer higher margins.
Supply Chain Disruptions: Global supply chain challenges, including semiconductor shortages, have affected auto exporters. These disruptions have delayed production and export schedules, but the industry is gradually recovering.
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Conclusion
In 2023, the global auto export market was valued at over $1.3 trillion, with Germany, Japan, and the U.S. leading the way. As the industry shifts toward electric vehicles and adapts to changing trade dynamics, the competitive landscape for auto exporters will continue to evolve, creating new opportunities and challenges worldwide.
Tendata iTrader provides access to a comprehensive database with 210 million global enterprise profiles, 10 billion data points processed daily, and the ability to identify 700 million executives and decision-makers, along with their contact information (email, phone, social media, etc.). The platform also displays company yellow pages, product images, and websites. Additionally, Tendata offers 19 visualization reports to help foreign trade businesses accurately locate and analyze the market, enabling you to quickly locate the precise buyers and suppliers you need.
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