The International Organization of Motor Vehicle Manufacturers (OICA) recorded that the total number of cars produced yearly amounts to Seventy-two million units which means 197, 260 units of cars are produced daily. A lot of cars are bought and sold concurrently around the world daily. However, when it comes to export products by value, car exportation takes the number one spot even more than crude oil.
Countries like China, Japan, Germany and USA are leading in the global car production, however, there are those countries that export more than others. In 2017, global car exports by country were valued at US$740.1 billion and countries in Europe have the highest dollar value of car export as at 2017 covering 54.8% of international car sales. Following Europe is Asia at 23.6% and North America at 19.1% international car sales. Africa has the smaller percentage at 1.2%. Let’s take a look at the top 5 countries with the highest exportation of cars with the highest dollar value:
1. Germany: US$157.4 billion (21.3% of total car exports)
2. Japan: $93.4 billion (12.6%)
3. United States: $53.6 billion (7.2%)
4. Canada: $46.4 billion (6.3%)
5. United Kingdom: $41.9 billion (5.7%)
The Olatorera Consultancy brand has grown from an ambitious solo-preneur to a team of over 15 people highly assertive on providing the seal and stamp of “Africa’s Best” to great businesses in Nigeria and beyond. Chief Executive Consultant, Olatorera Oniru is very passionate about seeing businesses succeed and operate optimally. She is also notably passionate about witnessing Africa transformed into one of the world’s greatest continents. Olatorera Consultancy has an annual outline of businesses we work with. We currently do not accept unsolicited applications. To network with the team at Olatorera Consultancy Limited, please add your company to the reviews page here. An Olatorera Consultancy company representative may be in touch with you shortly after reviewing your company’s readiness for business consultation services.