Leading passenger motor vehicle export country by global export value 2023
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Germany was the largest supplier of passenger motor vehicles worldwide, globally exporting around 177.2 billion U.S. dollars worth of these vehicles. Japan, which reported some 110.9 billion U.S. dollars in exports, was second in the ranking. These two countries were the only ones to record exports over 100 billion U.S. dollars.
Automotive parts and vehicle imports
While Germany leads in vehicle exports, it also excels in supplying automotive parts and accessories to the rest of the world. In 2023, Germany exported nearly 66.5 billion U.S. dollars worth of these goods worldwide, outpacing China and the United States. This demonstrates Germany's relative strength in the automotive sector, encompassing both finished vehicles and components. Interestingly, the United States emerges as the largest importer of passenger vehicles, spending nearly 210.3 billion U.S. dollars on imports in 2023, more than double the value recorded by Germany.
Re-exports and commercial vehicles
The automotive trade landscape extends beyond new vehicle exports. The United Kingdom stands out as the largest supplier of re-exported passenger motor vehicles, with a re-export value of nearly 25.9 billion U.S. dollars in 2023. In the commercial vehicle segment, Spain has a slight lead in re-exports, recording over 985.2 million U.S. dollars worth. The United States plays a significant role in commercial vehicle imports, bringing in around 43.7 billion U.S. dollars worth of medium or heavy trucks in 2023, more than double the value imported by Canada.
