Global sales from truck exports by country amounted to US$117.3 billion in 2016.
Overall, the value of truck exports were down by an average -5.8% for all exporting countries since 2012 when truck shipments were valued at $124.6 billion. Year over year, the value of exported trucks appreciated by 2.3% from 2015 to 2016.
Trucks represent an essential means of transportation for people and are also a critical ingredient for the flow of international trade goods around the world.
From a continental perspective, the value of trucks exported from Europe totaled $45.5 billion in 2016 or 38.8% of global truck exports. North America accounted for 32.6% of worldwide exported trucks while 21.9% came from Asia. Smaller percentages of the global total trace back to Latin America excluding Mexico (4.2%), Africa (2.5%) and Oceania (0.1%).
The 4-digit Harmonized Tariff System code prefix for trucks is 8704.
Below are the 15 countries that exported the highest dollar value worth of trucks during 2016:
- Mexico: US$23.4 billion (19.9% of total truck exports)
- United States: $12.8 billion (10.9%)
- Germany: $10.3 billion (8.8%)
- Japan: $8.9 billion (7.6%)
- Thailand: $6.5 billion (5.5%)
- France: $6.4 billion (5.5%)
- Spain: $5.8 billion (5%)
- Italy: $5.2 billion (4.4%)
- Turkey: $4.6 billion (3.9%)
- Belgium: $3.8 billion (3.3%)
- Netherlands: $3.6 billion (3.1%)
- China: $2.8 billion (2.4%)
- South Africa: $2.8 billion (2.3%)
- Argentina: $2.6 billion (2.2%)
- Brazil: $2.1 billion (1.8%)
The listed 15 countries shipped 86.5% of global truck exports in 2016 by value.
Among the above countries, the fastest-growing truck exporters since 2012 were: Mexico (up 58%), Belgium (up 53.9%), France (up 53.2%) and Netherlands (up 39.5%).
Those countries that posted declines in their exported truck sales were led by: China (down -40%), Thailand (down -38.6%), Argentina (down -32.7%), Japan (down -29.2%) and United States (down -25.9%).
The following countries posted the highest positive net exports for truck during 2016. 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 exported truck and its import purchases for that same commodity.
- Mexico: US$21.2 billion (net export surplus up 67.6% since 2012)
- Japan: $8.6 billion (down -29.4%)
- Thailand: $6.1 billion (down -39.5%)
- Germany: $4.9 billion (down -9.5%)
- Spain: $3.6 billion (down -9.2%)
- Turkey: $3.4 billion (up 47.9%)
- China: $2.4 billion (down -17.5%)
- South Africa: $2.3 billion (up 60.9%)
- Italy: $2.1 billion (down -22%)
- Argentina: $1.2 billion (down -53.8%)
- South Korea: $951.2 million (down -59.4%)
- Netherlands: $927.6 million (up 1682%)
- India: $733.4 million (down -42.2%)
- France: $663.8 million (down -168%)
- Belarus: $591.3 million (down -57%)
Mexico has the highest surplus in the international trade of truck. In turn, this positive cashflow confirms strong Mexican competitive advantages for this specific product category.
The following countries posted the highest negative net exports for truck during 2016. 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 imported truck purchases and its exports for that same commodity.
- United States: -US$12.3 billion (net export deficit reversing a $778.1 million surplus in 2012)
- Canada: -$11 billion (down -8.3%)
- United Kingdom: -$5.7 billion (up 152.2%)
- Australia: -$5.3 billion (down -36.1%)
- Saudi Arabia: -$2.1 billion (down -32.2%)
- Chile: -$1.6 billion (down -42.8%)
- Vietnam: -$1.6 billion (up 424.7%)
- United Arab Emirates: -$1.2 billion (up 95.8%)
- Norway: -$1.1 billion (down -18.4%)
- Philippines: -$1.1 billion (up 121.3%)
- New Zealand: -$1 billion (up 52.8%)
- Switzerland: -$990.2 million (down -11.7%)
- Israel: -$941.2 million (up 52.9%)
- Malaysia: -$841.1 million (down -24.8%)
- Peru: -$839.7 million (down -45.7%)
The United States incurred the highest deficit in the international trade of truck. In turn, this negative cashflow highlights America’s strong competitive disadvantage for this specific product category but also signals opportunities for truck-supplying countries that help satisfy the powerful demand.
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.