![]() ![]() Rank Exporter Exported Cars (US$) 2020-1 1. The right-most column shows the percentage change in the value of cars exported from each country in 2021 compared to 2020. You can change the presentation order by clicking the triangle icon at the top of any of the columns below. Searchable List of Car Exporting Countries in 2021 The above corporations are presented in the same order as they appear in the Forbes listing. Major Car Exporting CompaniesĪccording to Forbes Global 2000 rankings, the following car and truck producing companies are among the top 100 largest companies in the world. In turn, these negative cashflows confirm both countries’ competitive disadvantages for this specific product category but also signal opportunities for improvement. The United States of America and mainland China incurred the highest deficits in the international trade of cars. United Arab Emirates: -$7.4 billion (up 71.7%).United States: -US$93.5 billion (net export deficit down -6.3% since 2020).Thus, the statistics below present the deficit between the value of each country’s car import purchases and its exports for that same commodity. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. The following countries posted the highest negative net exports for cars during 2021. Countries Incurring Worst Deficits from Global Trade of Cars In turn, this positive cashflow confirms Japan’s strong competitive advantage for this specific product category. Japan earns the highest surplus in the international trade of cars. Japan: US$74 billion (net export surplus up 4.6% since 2020).Thus, the statistics below present the surplus between the value of each country’s car exports and its import purchases for that same commodity. The following countries posted the highest positive net exports involving international car sales for 2021. Countries Generating Biggest Surpluses from Global Trade of Cars Three countries posted declines in their exported cars sales namely Canada (down -9%), Belgium (down -4.3%) and Mexico (down -0.8%). Germany: US$139.1 billion (19.6% of total exported cars)īy value, the listed 15 countries shipped 86% of global cars exports in 2021.Īmong the top exporters, the fastest-growing cars exporters since 2020 were: mainland China (up 125.3%), South Korea (up 24.4%), United States of America (up 19%) and the United Kingdom (up 13.7%).Car Exports by Countryīelow are the 15 countries that exported the highest dollar value worth of cars in 2021. Tinier percentages came from shippers in Africa (1.4%), Latin America (0.6%) excluding Mexico but including the Caribbean, then Oceania (0.04%) led by Australia.įor research purposes, the 4-digit Harmonized Tariff System code prefix for cars is 8703. In second place were suppliers in Asia at 26% followed by North American automobile exporters at 17.4%. By value, that quintet of most lucrative automotive exporters generated over half (51.2%) of globally exported cars for 2021.Īpplying a continental lens, European countries sold the highest dollar value worth of cars exported during 2021 with shipments totaling $387.5 billion or 54.5% of international car sales. The 5 leading exporters of cars during 2021 were Germany, Japan, United States of America, South Korea and Mexico. World’s Biggest Exporters of Cars by Value That dollar amount for total international car exports reflects a -4.9% decrease since 2017 but a 10.3% gain compared to the $643.9 billion spent on globally exported cars in 2020.Ĭars represent the world’s number 3 exported product by sales in US dollars, trailing exports of electronic integrated circuits and crude oil in 2021. Japanese sports carWorldwide car exports from all countries were worth a total US$710.4 billion in 2021. ![]()
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