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The Structure of Global Automotive Trade in 2024

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.

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