Global sales for automotive parts exports by country totaled US$392.5 billion in 2019.
Overall the value of auto parts exports rose by an average 11.5% for all exporting countries since 2015 when auto parts shipments were valued at $351.9 billion. Year over year, the value of global automotive parts exports decelerated by -5.6% from 2018 to 2019.
Among continents, European countries sold the highest dollar worth of automotive parts exports during 2019 with shipments valued at $199 billion or 48.3% of the global total. Second-place Asia supplied 29.3% followed by North American shipments at 21%. Smaller percentages belong to Latin America (0.8%) excluding Mexico but including the Caribbean, Africa (0.3%) and Oceania (0.2%) led by Australia.
For research purposes, the 4-digit Harmonized Tariff System code prefix for motor vehicle parts and accessories is 8708.
Below are the 15 suppliers that exported the highest dollar value worth of automotive parts during 2019.
- Germany: US$61.8 billion (15.7% of total auto parts exports)
- United States: $43 billion (11%)
- China: $33.6 billion (8.6%)
- Japan: $32.7 billion (8.3%)
- Mexico: $30.7 billion (7.8%)
- South Korea: $19 billion (4.8%)
- Czech Republic: $15.1 billion (3.9%)
- Italy: $14.7 billion (3.7%)
- Poland: $14.4 billion (3.7%)
- France: $13.9 billion (3.5%)
- Canada: $10.9 billion (2.8%)
- Spain: $10.8 billion (2.8%)
- Thailand: $8 billion (2%)
- Romania: $7 billion (1.8%)
- Hungary: $6.7 billion (1.7%)
The listed 15 countries shipped 82.1% of global auto parts exported in 2019 by value.
Among the top exporters, the fastest-growing auto parts exporters since 2015 were: Poland (up 44.5%), Romania (up 41.8%), Hungary (up 29.2%) and Mexico (up 22%).
Four countries posted declines in their exported auto parts sales were led by: South Korea (down -17.7%), France (down -3.6%), United States (down -2.3%) and Canada (down -0.5%).
The following countries posted the highest positive net exports for automotive parts 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 surplus between the value of each country’s automotive parts exports and its import purchases for that same commodity.
- Japan: US$24.6 billion (net export surplus up 14.8% since 2015)
- Germany: $22.3 billion (up 15%)
- South Korea: $15.1 billion (down -22.7%)
- China: $8.4 billion (up 70.2%)
- Italy: $6.4 billion (up 21.6%)
- Poland: $6 billion (up 49%)
- Czech Republic: $3.8 billion (down -15.3%)
- Mexico: $3.5 billion (up 106%)
- Romania: $2.8 billion (up 29.7%)
- Taiwan: $2.4 billion (up 1%)
- Thailand: $1.3 billion (down -12.1%)
- India: $842.7 million (up 874.9%)
- Hungary: $716.5 million (reversing a -$114.1 million deficit)
- Philippines: $412.1 million (down -53.6%)
- Tunisia: $264.9 million (up 222.6%)
Japan has the highest surplus in the international trade of automotive parts. In turn, this positive cashflow confirms Japan’s strong competitive advantage for this specific product category.
The following countries posted the highest negative net exports for automotive parts 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 automotive parts import purchases and its exports for that same commodity.
- United States: -US$26.6 billion (net export deficit up 15.6% since 2015)
- United Kingdom: -$9.4 billion (up 3.2%)
- Canada: -$8.9 billion (down -0.5%)
- Russia: -$8.1 billion (up 65.3%)
- Slovakia: -$7.2 billion (up 109.1%)
- Spain: -$6.3 billion (down -16.2%)
- Brazil: -$2.8 billion (down -9%)
- France: -$2.7 billion (reversing a $2 billion surplus)
- Belgium: -$2.3 billion (up 13.7%)
- Netherlands: -$2 billion (up 87.4%)
- United Arab Emirates: -$2 billion (up 342.7%)
- Finland: -$1.73 billion (up 83.7%)
- Indonesia: -$1.71 billion (up 173.8%)
- Malaysia: -$1.6 billion (down -4.3%)
- Austria: -$1.5 billion (reversing a $418.2 million surplus)
The United States of America experienced the highest deficit in the international trade of automotive parts. In turn, this negative cashflow confirms America’s strong competitive disadvantage for this specific product category but also signals opportunities for automotive parts-supplying countries that help satisfy the powerful demand from American consumers.
Automotive Parts Exporting Companies
Crain Communications Inc’s Automotive News supplement ranks the following manufacturers as among the world’s largest automotive parts manufacturers. These companies are known as original equipment manufacturers (OEMs) which means they are subcontractors to the original vehicle creators. Shown within parenthesis is the country where the company is headquartered.
- Robert Bosch GmbH (Germany)
- Magna International Inc (Canada)
- Continental AG (Germany)
- Denso Corp (Japan)
- Aisin Seiki Co (Japan)
- Hyundai Mobis (South Korea)
- Faurecia (France)
- Johnson Controls Inc (United States)
- ZF Friedrichshafen AG (Germany)
- Lear Corp (United States)
The above list is sorted in the same order as in an Automotive News ranking.