In 2023, the global revenue from automotive parts exports and accessories reached an impressive US$454 billion.

The overall export value of auto parts has seen significant growth, averaging a 14.8% increase across all exporting nations compared to five years prior, when automotive parts exports were valued at $395.6 billion in 2019.

When comparing year-over-year figures, the total value of globally exported automotive parts rose by 7.4%, moving up from $422.6 billion in 2022.

The leading exporters of automotive parts include Germany, mainland China, the United States, Mexico, and Japan. Together, these top five suppliers accounted for over half (51.8%) of the total value of automotive parts exports in 2023.

Regionally, European nations topped the charts in automotive parts exports, with shipments valued at $209 billion, representing 46% of the global total. Asia ranked second, contributing 30%, followed by North America, which accounted for 22.3%.

Smaller contributions came from exporters in Latin America (0.8%, excluding Mexico), Africa (0.6%), and Oceania (0.2%), with Australia being the leading supplier in the region.

For reference, the Harmonized Tariff System code prefix for motor vehicle parts and accessories is 8708.

Leading Automotive Parts Exporters

The following are the 15 countries that exported the most valuable automotive parts in 2023:

1.Germany: US$66.5 billion (14.6% of global automotive parts exports)

2.Mainland China: $53.3 billion (11.7%)

3.United States: $47.5 billion (10.5%)

4.Mexico: $40.5 billion (8.9%)

5.Japan: $27.2 billion (6%)

6.South Korea: $19.4 billion (4.3%)

7.Poland: $18 billion (4%)

8.Czech Republic: $16.9 billion (3.7%)

9.Italy: $16.3 billion (3.6%)

10.France: $14.8 billion (3.3%)

11.Canada: $13.4 billion (3%)

12.Spain: $12 billion (2.6%)

13.Hungary: $9.7 billion (2.1%)

14.Thailand: $8.6 billion (1.9%)

15.Romania: $7.8 billion (1.7%)

The combined exports of these 15 countries represented 81.9% of the total global automotive parts exports in 2023.

Among the leading exporters, the countries that experienced the fastest growth in automotive parts exports since 2021 were Hungary (up 24.4%), Poland (up 19.4%), Spain (up 17.8%), and the Czech Republic (up 16.8%).

Conversely, two countries saw declines in their automotive parts exports: Japan (down 6.4% from 2022) and South Korea (down 2.5%).

Notable Automotive Parts Exporting Companies in 2024

According to Tendata, the following companies are recognized as original equipment manufacturers (OEMs), serving as subcontractors to the primary vehicle manufacturers:

1.LUMAX AUTO TECHNOLOGIES LIMITED: 27.57%, $428.34 Million

2.NISSAN MOTOR INDIA PVT LTD: 15.09%, $234.5 Million

3.RENAULT INDIA PRIVATE LIMITED: 12.36%, $192.01 Million

4.MANDO AUTOMOTIVE INDIA PVT LTD: 6.72%, $104.49 Million

5.SUPRAJIT ENGINEERING LIMITED: 6.33%, $98.35 Million

6.CONTINENTAL AUTOMOTIVE COMPONENTS INDIA PVT LTD: 2.42%, $37.58 Million

7.SADHU FORGING LTD: 2.38%, $36.94 Million

8.ANAND NVH PRODUCTS PVT LTD: 2.32%, $36.02 Million

9.ISUZU MOTORS INDIA PRIVATE LIMITED: 2.18%, $33.81 Million

10.CHOPRA RETEC RUBBER PRODUCTS LTD: 1.7%, $26.45 Million

These companies play a vital role in the automotive supply chain, significantly impacting global export values and market trends within the automotive parts exports sector.

》>Free Get New Potential Customers<《

I. Establish Customer Resource Database by Country

The establishment of a customer resource database is akin to a personalized work record. Start by using trade tracking functionality to compile a list of all customers in a country. Then, analyze each buyer's purchase volume, procurement cycle, product specifications, and supplier system. Pay special attention to the diversification or singularity of a buyer's supply channels, as buyers with diverse supply sources are preferable. Finally, filter out 30% of the potentially high-quality customers from that country and record them in your customer resource database. The database can be flexibly organized by country, time, customer name, follow-up steps, contact phone, email, contact person, etc. (>>>Click to Develop New Customers)

II. Establish Customer Resource Database by Peer Companies

Have a good understanding of the English names (including full names, abbreviations, etc.) of peer companies. Utilize the global supplier networking feature to compile a list of all customers associated with these peer companies. The critical step is to analyze customers from these peer companies based on purchase volume, procurement cycle, product models, etc. Finally, filter out key customers from your identified peers and record them in your customer resource database. (>>>Click to Apply for Free Trial)

III. Identify Newly Appeared Customers in Each Country

Use the trade search function to identify customers newly appeared in a country. Choose the country, set the date range, limit the product name or HS code, and check the "Newest" option. The search results will display high-quality customers that have newly emerged in that country within the specified time frame. Since these customers are new, they may have just started transactions, and the stability of their suppliers may be uncertain. It's essential to focus on following up with these new potential buyers and record them in your customer resource database. (>>>Click to Apply for Free Trial)

These three approaches for developing customers using customs data can be implemented based on the actual needs of the company and oneself. Consider the market environment, industry characteristics, strategic requirements, etc., to find a suitable method. The ultimate goal is to establish and organize a categorized archive of high-quality customers. Once you identify suitable customers, the next step is to precisely contact them through various channels, such as phone calls, emails, and SNS information.