November 21, 2019

#No 1 Automobile Blog

According to International Organization of Motor Vehicle Manufacturers (OICA), the total number of cars produced yearly amounts to Seventy-two million units (72, 000, 000). Mathematically, 197, 260 units of cars are produced daily.

A lot of car sale/purchase transactions  go on simultaneously throughout the globe daily. Numerous cars are sold by dealers and then bought by consumers. When it comes to export products by value, car exportation take the number one spot; more than crude oil revenue.

Countries like China, Japan, Germany and USA are leading in the global car production. In as much as all these countries produce cars, there are those that export more than the other.

Global car exports by country were valued at US$740.1 billion for 2017. It was $700.7 billion in the year 2016.

According to continents, the European countries have the highest dollar value of car export in 2017. They cover 54.8% of international car sales.

The second continent after Europe is Asia at 23.6% of international car sales. North America followed Asia at 19.1% international car sales.

The smaller percentage came from Africa (1.2%).

Below are the 15 countries that exported the highest dollar value worth of cars in 2017

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%)

6. Mexico: $41.7 billion (5.6%)

7. South Korea: $38.8 billion (5.2%)

8. Spain: $35.8 billion (4.8%)

9. Belgium: $33.1 billion (4.5%)

10. France: $22.1 billion (3%)

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11. Czech Republic: $21.5 billion (2.9%)

12. Italy: $18 billion (2.4%)

13. Slovakia: $16.4 billion (2.2%)

14. Turkey: $11.8 billion (1.6%)

15. Thailand: $10.9 billion (1.5%)

The listed 15 exporters accounted for 86.8% of global car exports by country during 2017.

Top 10 countries that exported the highest dollar value worth of cars in 2017 at a glance

Source: worldstopexports

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