Global automobile production continues to grow. In 2022, 85.4 million vehicles were produced, nearly 6% more than in 2021. It is a globalized industry, with a large number of vehicles manufactured for export. Do you know who the world’s largest auto exporter is?
ANSWER
The European Union. Cars manufactured in the EU accounted for nearly half (46%) of global automobile exports by FOB value in 2022. It is followed by the United States, Japan, and Mexico. Although China is by far the world’s largest vehicle manufacturer, with 27.2 million units in 2022, it has a massive domestic market—the largest in the world—and therefore ranks fifth as a vehicle exporter. You can view the infographic from VisualCapitalist