Global car exports by country were valued at US$698.2 billion for 2016. Cars represent the world’s number one export product, surpassing crude petroleum revenues handicapped by lower oil prices.
The $698.2 billion in total international car exports for 2016 represents a 7.1% improvement from 2012 and a 2.7% uptick compared to the $679.8 billion spent during 2015.
Among continents, European countries accounted for the highest dollar value worth of car exports during 2015 with shipments amounting to $380.6 billion or 54.6% of international car sales. In second place was Asia at 23.9% followed by North American automobile exporters at 19.2%.
WTEx revealed 15 countries exported the highest dollar value worth of cars last year and there's one nation in the region is doing so great in this area:
1. Germany: US$151.9 billion (21.8% of total car exports)
2. Japan: $91.9 billion (13.2%)
3. United States: $53.8 billion (7.7%)
4. Canada: $48.8 billion (7%)
5. United Kingdom: $41.3 billion (5.9%)
6. South Korea: $37.5 billion (5.4%)
7. Spain: $35.6 billion (5.1%)
8. Mexico: $31.4 billion (4.5%)
9. Belgium: $30.3 billion (4.3%)
10. Czech Republic: $18.8 billion (2.7%)
11. France: $18.4 billion (2.6%)
12. Slovakia: $15.5 billion (2.2%)
13. Italy: $15.2 billion (2.2%)
14. Thailand: $11.6 billion (1.7%)
15. Hungary: $11.1 billion (1.6%)
Among the above countries, the fastest-growing car exporters since 2012 were Hungary (up 117%), Thailand (up 104.7%), Italy (up 64.5%) and Spain (up 41.6%).
Four countries posted declines in their exported car sales: South Korea (down 11.6%), France (down -9.6%), Japan (down -5.7%) and the United States (down -1.4%).
The listed 15 exporters accounted for 87.8% of global car exports by the country during 2016.
On the same development, as reported by the Bangkok Post, latest on Sept 21, 2017, the country's automotive exports increased for the first time in 14 months in August as the recovering global economy helped spur demand, says the Federation of Thai Industries (FTI).
The FTI's automotive industry club reported car exports in August increased by 9.26% to 102,907 units thanks to better demand in every region except the Middle East and Africa.
Surapong Paisitpatanapong, the FTI club spokesman was quoted as saying that there were many positive factors such as an increase in the number of tourists and crop production as well as a pick up in exports and private sector investment.
Together here, Seasia summarised the points on how Thailand automotive industry is doing currently, up to August 2017:
1. Total sales for the first eight months grew 10.2% to 543,120 vehicles.
2. Pickup truck sales rose by 8.6% to 228,922 units while passenger car sales grew sharply by 20.7% to 215,150 units. Sport-utility vehicles sales rose slightly by 0.7% to 33,635 units.
3. For motorcycles, both completely built-up and knocked-down, output in August dipped by 7.03% to 202,088 units. Production for the first eight months stood at 1.698 million units, up by 5.51%.
4. In a related development, the FTI reported the Thai Industries Sentiment Index rose for the first time in five months in August to 85.0 from 83.9 in July.