The European Union, China and Mexico were the main auto and auto parts exporting countries in 2023, according to data from the World Trade Organization (WTO).
First, external sales of these goods from the European Union were $833 billion. If only extra-EU exports are considered, the value is reduced to 314 billion dollars.
This was followed by China (US$170 billion), Mexico (US$158 billion) and Japan (US$157 billion).
Auto and auto parts exporting countries
Trade in automotive products fell by 1% in 2024, after a 20% increase in the previous year.
However, the WTO does not yet break down consolidated figures by country in this sector.
The following are the main auto and auto parts exporting countries in 2023, in billions of dollars:
- Extra-European Union: 314.
- China: 170.
- Mexico: 158.
- Japan: 157.
- United States: 156.
- South Korea: 94.
- Canada: 63.
- United Kingdom: 51.
- Thailand: 35.
- Turkey: 30.
Technological changes
The automotive components industry competes fiercely. Rivalry is based on price, technology, quality, delivery and service. In addition, disruptive players are emerging. Mainly in China and in autonomous driving. These new players could offer more attractive technologies.
On the other hand, digital and portable technologies are transforming lifestyles. Consequently, consumers demand products that facilitate their routines. increasingly, the vehicle cockpit is becoming digitized and connected. It includes multi-screen systems and multi-core domain controllers.
At the same time, electrification is advancing. This is due to government incentives and regulations. Battery electric vehicles incorporate advanced cockpit electronics, battery management and high-voltage power electronics. And hybrids, plug-in hybrids and range-extender vehicles are gaining popularity.
The automotive industry complies with global regulations. These vary by region, country and even within national borders. First, regulators set environmental standards. These cover climate change and air quality. They also impose vehicle safety requirements and seek to promote energy independence.