HI THERE DANIEL WORKMAN HERE, SENIOR
RESEARCH ANALYST AT WORLD STOP EXPORTS
DOT COM. WE LAUNCHED
OUR EDUCATIONAL WEB PORTAL IN OCTOBER
2012. TODAY
I'D LIKE TO SHARE WITH YOU OUR LATEST FINDINGS
ABOUT GLOBALLY EXPORTED CARS
AND TRUCKS. CARS
REPRESENT THE WORLD'S NUMBER TWO
EXPORTED PRODUCT IN 2020
BASED ON SALES TRAILING
ONLY ELECTRONIC INTEGRATED
CIRCUITS,
TRUCKS RANKED MUCH FURTHER DOWN
THE LIST IN 18TH PLACE AMONG
EXPORTED COMMODITIES.
HERE'S AN OVERVIEW FOR THIS INTERNATIONAL
TRADE ANALYSIS.
AS I MENTIONED, CARS ARE THE
EXPORT COMMODITY THAT GENERATED THE SECOND
HIGHEST REVENUES FOR 2020.
THE BAD NEWS IS THAT THE
FORMIDABLE $637.2
BILLION
17%
DROP COMPARED TO THE WORLDWIDE
TOTAL FOR
2019.
WHICH FIVE EXPORT COUNTRIES ARE IN
THE MOST FROM SELLING CARS ON INTERNATIONAL
MARKETS IN 2020
IN FIRST PLACE IS GERMANY,
THE EUROPEAN ECONOMIC POWERHOUSE,
WELL KNOWN FOR INNOVATIVE AND STELLAR
AUTOMOTIVE ENGINEERING AND CELEBRATED
BRANDS LIKE AUDI
BMW, MERCEDES,
BENZ PORSCHE AND
VOLKSWAGEN.
JAPAN IS ALSO WELL KNOWN
FOR EXPORTING OF WELL
KNOWN BRANDED VEHICLES,
INCLUDING THOSE FROM TOYOTA,
HONDA, NISSAN,
SUZUKI AND LEXUS.
THE UNITED STATES OF AMERICA
IS HOME TO THE HEADQUARTERS FOR BIG
THREE AUTOMAKERS, SPECIFICALLY
GENERAL MOTORS STYLE
LANTUS, WHICH IS FORMERLY FIAT
CHRYSLER AND FORD
PARTLY DUE TO LOWER LABOR
COSTS. MEXICO IS ALSO
A MAJOR AUTOMOBILE MANUFACTURER
FULFILLING CONTRACTS FROM ESTABLISHED
AUTOMOTIVE BRANDS FROM AROUND THE
GLOBE. ALMOST 90%
OF CARS MADE IN MEXICO ARE
THEN EXPORTED.
HI ANDY IS SOUTH KOREA'S BIGGEST
CAR MANUFACTURER WELL AHEAD
OF 2ND PLACE, KENYATTA
MOTORS.
THE BIGGEST LOSER FOR DECLINING CAR
EXPORTS FROM 2019 TO
2020 WAS THE UNITED
KINGDOM
TO OTHER EUROPEAN CAR EXPORTERS,
FRANCE AND AUSTRIA AND TO
NORTH AMERICAN CAR SUPPLYING NATIONS.
MEXICO AND CANADA ALSO
RECORDED STRONG SALES
REDUCTIONS.
NOW LET'S TURN OUR FOCUS TO
EXPORTED TRUCKS. NOT
ONLY DID EXPORTS OF TRUCKS
ATTRACT LESS THAN 18%
OF THE AMOUNT COLLECTED FOR CAR EXPORTS,
EXPORTED TRUCKS DECLINED BY
2.6% MORE
THAN THE REDUCTION FOR EXPORTED
CARS.
IN CONTRAST WITH THE BIGGEST CAR
EXPORTERS, THE TWO LEADING TRUCK
EXPORTING NATIONS WITH STRONG MARKET
POSITIONING ARE IN NORTH AMERICA,
MEXICO AND THE UNITED STATES COLLECTIVELY
ACCOUNT FOR JUST OVER A THIRD
OF GLOBALLY EXPORTED TRUCK SALES.
FOR 2020.
THE OTHER THREE LEADING
COMPETITORS EACH CONTROL SINGLE
DIGIT PERCENTAGE SHARES OF
TRUCKS EXPORTED WORLDWIDE.
ZOOMING OUT TO THE TOP 20 COUNTRIES
FOR EXPORTING TRUCKS. CANADA
FARED FAR WORSE THAN HIS COMPETITORS
IN TERMS OF SHRINKING SALES OF TRUCKS
ON INTERNATIONAL MARKETS FROM
2019 TO 2020,
THE OTHER LEADING DECLINERS ARE
GEOGRAPHICALLY DIVERSIFIED, ONE
IS IN SOUTH AMERICA, ONE
IS IN ASIA AND THE REMAINING
TWO ARE LOCATED IN EUROPE.
IN A NUTSHELL, HERE ARE SOME OF THE KEY
TAKEAWAYS FROM OUR ANALYSIS
FOR ONE, THE INTERNATIONAL TRADE
MARKET FOR EXPORTED CARS WAS
ALMOST SIX TIMES BIGGER THAN THE DEMAND
FOR EXPORTED TRUCKS. IN
2020,
BOLSTERED BY WELL ESTABLISHED
GLOBAL BRANDS, GERMANY AND JAPAN
SOLD ABOUT
31.9% OF
TOTAL EXPORTED CARS.
IN CONTRAST, NORTH AMERICAN
SUPPLIERS, MEXICO PLUS THE U. S.
A. GENERATED
34.5% OF
GLOBALLY EXPORTED TRUCKS.
BUT NOT ALL OUR FINDINGS ARE POSITIVE
NEWS FOR NORTH AMERICA.
CANADA SUFFERED A BRUTAL
66% DROP
FOR ITS EXPORTED TRUCKS FROM
2019 TO
2020 AND A
21.3%
SLOWDOWN IN ITS INTERNATIONAL SALES
OF CARS.
OUR BONUS INSIGHT IS THAT
CHINA WENT FROM BEING THE WORLD'S
20TH BIGGEST CAR EXPORTER
IN 2019
TO THE 16TH MOST
LUCRATIVE INTERNATIONAL SUPPLIER
OF CARS IN 2020.
AND THAT IMPROVEMENT IS
THANKS TO A
15.1%
GAIN IN ITS INTERNATIONAL
SALES OF CARS.
FOR MORE KEY INSIGHTS AND USEFUL
INTERNATIONAL TRADE DATA. PLEASE
VISIT US AT WORLD'S TOP EXPORTS
DOT COM
AND ALSO NOTE THAT MANY OF OUR TOP
ARTICLES FEATURE SEARCHABLE DOCUMENT
DATABASE THAT SHOWCASE THE COUNTRY'S
TOP 100 MOST
VALUABLE EXPORTED PRODUCTS.
WE'LL SEE YOU NEXT TIME