The cycle of acquiring possession for most middle-class families begins with a car to carry themselves and their aspirations in. It sometimes is a functional necessity, other times a symbol of status and good fortune. Though, cars have become as essential to us as a roof over our heads or food on our plates. Cars import export data helps us understand the global flows of the product. It allows us a deeper insight into cars: from conceptualization to road-ready.
How did this massive need for cars arise? Movement is essential to human beings. Movement allows for economic activity at an unprecedented scale. Cars have helped us achieve all this and much more. But the pertinent challenges to the environment and indeed the economics of owning a car have come into question.
Where is the car market headed?
An impending shake-up in car manufacturing will come when the sale of electric vehicles will surpass that of petrol and diesel cars. It is estimated that by 2050, almost half the cars on our roads will be powered by electric batteries.
The rise of cab aggregators and improvements in public transport will also curb the need for people to buy cars. These developments will help people travel frugally and benefit the environment immensely. Cybex Exim Solutions is an international trade research organization that helps you achieve your trade goals seamlessly. Access import and export data and other datasets by contacting us now at [email protected] or call +91-120-4517800, to get started.
Cars export data and analysis
Automobile engineering marvels and the German nation are synonymous with one another. It is no surprise that Germany is the top car manufacturer in the world. Not only this, the German automobile industry employs close to a million people. Popular car makers like Mercedes-Benz, BMW, Audi, Volkswagen, and others are headquartered in Germany.
Another top manufacturer Mexico harbors immense production facilities to fulfill the export demand. American manufacturers assemble their cars in Mexico and import them north to save fixed costs. While, Japan and South Korea cater to the Asian and Australian export markets.
Top export countries
1. Germany ($123 billion)
2. Japan ($83.1 billion)
3. United States ($47.6 billion)
4. Mexico ($41.6 billion)
5. South Korea ($36.9 billion)
Cars import data and analysis
The import of cars speaks directly to the health of an economy. The more a country’s people are gainfully employed, the more cars they would buy per capita. Though in a country like the USA, cars have a different meaning altogether. For Americans a car is not just a means of transport, it is a way of life. Over the years, through movies and music, cars have become the epitome of a free, liberal spirit, and the open roads its testament. Naturally the United States is the largest import destination for cars around the globe. Its cumulative import value almost equals the numbers of the next three top importers.
Top import countries
1. United States ($144 billion)
2. Germany ($68.9 billion)
3. China ($42 billion)
4. France ($35.5 billion)
5. United Kingdom ($32.8 billion)