The ranking of the World Trade Organization (WTO) highlighted the inclusion of a Latin American country in a list led by the European Union in terms of automobile exports. This ranking considers the export of light and heavy vehicles, as well as automotive spare parts and components.
In a scenario where the automotive industry is constantly evolving, particularly with the increase in the production of electric and hybrid vehicles, a Latin American nation has stood out for its rapid growth in automotive exports in the last decade, surpassing the United States and approaching China.
The Latin American country that leads automotive exports
Mexico leads automotive exports in Latin America, ranking only behind China and the European Union, according to the ranking presented by the WTO. This list, based on the export of automobiles, auto parts and spare parts, reflects a 22% growth in Mexican automotive exports, reaching 153 million dollars in 2023.
The report, which analyzes the growth of car exports in the last three years, highlights the leadership of the European Union with a total of 831 million dollars, followed by China with 170 million dollars. Although the figures show a significant difference, the study highlights intense automotive trade activity among the main exporting nations.
In addition, Canada also had a notable performance in automobile exports last year, reporting revenues of $63 million in a list that included more than 10 countries in 2023.
These are the countries that export the most cars in the world
The ranking prepared by the WTO, which is based on automobile export figures, highlights several countries that achieved good results in the automotive sector. In a scenario where the COVID-19 pandemic negatively impacted the market, the relevance of automotive production was highlighted.
- Corea del Sur
- Reino Unido
- Tailandia
- Turquía
China and the United States do not top the automotive export list
One of the key points revealed by the WTO is that neither China nor the United States dominate exports of automobiles, parts and related products. With figures of 156 million dollars for the US and 170 million dollars for China, both countries, along with Mexico and Japan, are behind the European Union, which recorded a sales increase of 18.9%.
- United Kingdom: With sales reaching $831 million, the country surpassed its 2021 and 2022 results.
- United States: although it closed 2023 with revenues of $156 million, it did not manage to position itself among the three main countries.
- China: despite surpassing the United Kingdom and the United States in numbers, it remains at a considerable distance from the European Union.
China’s growth in automobile exports
Although China does not lead international automobile sales, its growth in the last decade has been notable. With an increase of 270%, the Asian country has surpassed the others in the top 5, although they have also registered significant increases in their sales. In the last 10 years, Mexico’s automotive industry has grown by 90.4%, the European Union by 25.7%, the United States by 15.6% and Japan by 3.3%.
This notable growth of the automotive industry occurs in a context where the sale of electric and hybrid vehicles is promoted. The goal is for all cars and trucks to be zero-carbon by 2035. Both the United States and the United Kingdom have implemented laws to reduce the sale of gasoline vehicles in the coming years, thus supporting the fight against climate change.
