Top 5 Car Exporting Countries In The World

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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%)


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