Global car exports by country were valued at US$672.9 billion for 2015. Cars represent the world’s number two export product, trailing only crude oil.
The $672.9 billion in total international car exports for 2015 represents a 5.5% improvement from 2011 but a -5.2% cutback compared to the $709.7 billion spent during 2014.
Among continents, European countries accounted for the highest dollar value worth of car exports during 2015 with shipments amounting to $363.9 billion or 54.1% of international car sales.
The 4-digit Harmonized Tariff System code prefix for cars is 8703.
Car Exports by Country
Below are the 15 countries that exported the highest dollar value worth of cars in 2015:
- Germany: US$152.7 billion (22.7% of total cars exports)
- Japan: $86.1 billion (12.8%)
- United States: $55.3 billion (8.2%)
- Canada: $44.9 billion (6.7%)
- South Korea: $41.8 billion (6.2%)
- United Kingdom: $38.9 billion (5.8%)
- Spain: $33.1 billion (4.9%)
- Mexico: $32.8 billion (4.9%)
- Belgium: $27.8 billion (4.1%)
- France: $17.8 billion (2.7%)
- Czech Republic: $16.9 billion (2.5%)
- Slovakia: $14.1 billion (2.1%)
- Italy: $14 billion (2.1%)
- Hungary: $11.2 billion (1.7%)
- Thailand: $9.4 billion (1.4%)
Among the above countries, the fastest-growing car exporters since 2011 were Hungary (up 128.8%), Italy (up 51.6%), Thailand (up 49.9%) and Mexico (up 22.3%).
Those countries that posted declines in their exported cars sales were led by France (down -23%), Belgium (down -2.1%), Japan (down -1.5%) and Germany (down -1%).
The listed 15 exporters accounted for 88.7% of global car exports by country during 2015.
Advantages
The following countries posted the highest positive net exports involving international car sales for 2014. 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.
- Germany: US$107.2 billion (net export surplus down -2.9% since 2011)
- Japan: $77.1 billion (down -1.8%)
- South Korea: $31.8 billion (down -14.7%)
- Mexico: $23.4 billion (up 19.4%)
- Canada: $18.6 billion (up 14.6%)
- Spain: $16.9 billion (up 0.6%)
- Czech Republic: $13.7 billion (up 8.0%)
- Slovakia: $12 billion (up 18.3%)
- Hungary: $9 billion (up 215.9%)
- Thailand: $8.4 billion (up 56.3%)
- India: $5.2 billion (up 82.2%)
- Romania: $1.8 billion (down -1%)
- South Africa: $1.2 billion (down -444.2%)
- Poland: $1.1 billion (down -73.9%)
- Indonesia: $858.1 million (down -301.2%)
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 2015. 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.
- United States: -US$113.8 billion (net export deficit up 49.1% since 2011)
- China: -$40.1 billion (up 7.6%)
- Saudi Arabia: -$17 billion (up 58.1%)
- Australia: -$13.7 billion (up 3.9%)
- France: -$11.3 billion (down -11.3%)
- United Arab Emirates: -$11 billion (up 58.5%)
- Switzerland: -$10.1 billion (down -10.1%)
- United Kingdom: -$9.7 billion (up 10.7%)
- Italy: -$8.6 billion (down -58%)
- Netherlands: -$5.6 billion (down -33.9%)
- Russia: -$5.3 billion (down -70.9%)
- Norway: -$4.9 billion (down -5.5%)
- Austria: -$3.8 billion (down -29.7%)
- Israel: -$3.1 billion (down -7.5%)
- Denmark: -$3 billion (up 10.9%)
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 US’s strong competitive disadvantage for this specific product category but also signals opportunities for car-supplying countries that help satisfy the powerful demand that American drivers represent.
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