The value of worldwide automotive exports by country in 2016 was $698.2 billion. Cars are the world’s most significant export product, surpassing revenues from oil sales, limited by lower oil prices.
The total value of international auto exports in 2016 was $698.2 billion, an improvement of seven.1% in comparison with 2012 and a rise of two.7% in comparison with the $679.8 billion spent in 2015.
Among the continents, European countries accounted for the most important value of automotive exports in 2015. The value of shipments amounted to $380.6 billion, which accounted for 54.6% of international automotive sales. Asia got here second with 23.9%. Next in line were automotive exporters from North America with 19.2%.
WTEx revealed that 15 countries exported essentially the most cars in dollar terms last yr, with one country within the region doing particularly well:
1. Germany: USD 151.9 billion (21.8% of total automotive 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%)
Of the above countries, the fastest growing automotive exporter since 2012 was Hungary (a rise of 117%), Thailand (up 104.7%)in Italy (64.5% increase) and in Spain (41.6% increase).
Four countries saw a decline in export automotive sales: South Korea (down 11.6%), France (down 9.6%), Japan (down 5.7%) and the United States (down 1.4%).
These 15 exporters accounted for 87.8% of the country’s global automotive exports in 2016.
According to the identical development reported by the Bangkok Post in its latest edition dated September 21, 2017, Thailand’s automotive exports rose in August for the primary time in 14 months as a recovering global economy helped boost demand, in line with the Federation of Thai Industries (FTI).
Automotive club FTI said automotive exports in August rose 9.26% to 102,907 units, driven by stronger demand in all regions except the Middle East and Africa.
FTI club spokesman Surapong Paisitpatanapong was quoted as saying there have been many positive aspects, similar to a rise in tourist numbers and agricultural production, in addition to a revival in exports and personal sector investment.
Seasia has summarized the present performance of the Thai automotive industry as much as August 2017 here:
1. Total sales in the primary eight months increased by 10.2% to 543,120 vehicles.
2. Pick-up truck sales rose 8.6% to 228,922 units, while passenger automotive sales rose sharply by 20.7% to 215,150 units. SUV sales rose barely by 0.7% to 33,635 units.
3. For motorcycles, each fully assembled and disassembled, production in August fell 7.03% to 202,088 units. Production in the primary eight months amounted to 1.698 million units, a rise of 5.51%.
4. In a related development, the FTI said its Thai manufacturing sentiment index rose for the primary time in five months to 85.0 in August from 83.9 in July.
Source : WTEx, Bangkok Post
