You are currently viewing The Structure of Global Automotive Trade in 2024

The Structure of Global Automotive Trade in 2024

The top ten exporters and importers of automotive products reveal a highly concentrated global trade system, shaped by a small number of manufacturing hubs and a set of demand-led consumer markets.

Global automotive trade is highly concentrated and structurally asymmetric. A small group of manufacturing hubs supplies the bulk of world markets, while final demand is anchored in a narrow set of large consumer economies.

On the export side, the EU alone accounts for 44% of global automotive exports. Together with East Asia and Mexico, these three hubs account for the core (63%) of global automotive manufacturing.

On the import side, the EU and the U.S. together account for more than half (57%) of global automotive imports, underscoring their role as the world’s primary demand centres.

Taken together, the top ten traders account for 94% of global exports and 81% of imports, underscoring how a small number of economies continues to shape both the supply and demand structure of the global automotive system.

Also by ANDAMAN PARTNERS:

ANDAMAN PARTNERS supports international business ventures and growth. We help launch global initiatives and accelerate successful expansion across borders. If your business, operations or project requires cross-border support, contact connect@andamanpartners.com.

Media
News & Events
Knowledge