The vehicles sector remains one of the largest contributors to international trade, driving economic growth and employment across the globe. As per the recent Vehicles Import-Export Data, the industry growth was stable from 2023–24 despite market uncertainty, supply chain disruptions and growing raw material prices. What do we provide on our portal as global export import data provider? We offer each and every single detail of the business so that you would not have to go here and there for this information as we pretty much know that it is very difficult for us to keep on searching. This enables companies to find authentic trading partners, sales opportunities and make the best market & price decisions.
Total Vehicles Export
In 2023–24, the global export of vehicles crossed USD 1.5 trillion, highlighting strong demand for passenger cars, commercial vehicles, and electric vehicles (EVs). Developed economies like Germany, Japan, and the United States dominated production and exports, while emerging economies such as India, Mexico, and Thailand strengthened their positions as key suppliers. Electric and hybrid vehicles saw double-digit growth, reflecting the global shift toward clean energy and sustainable mobility.
Top Vehicles Product Exports
Based on the import export data, the following categories accounted for the highest trade volumes:
- Passenger Cars (HS Code 8703) – Major demand from Europe, Asia, and North America.
- Commercial Vehicles & Trucks (HS Code 8704) – Significant exports from the US, China, and Germany.
- Two-Wheelers & Motorcycles (HS Code 8711) – Strong demand in Asia, Africa, and Latin America.
- Electric Vehicles (EVs) – Rapid growth led by China, South Korea, and Germany.
- Vehicle Parts & Accessories (HS Code 8708) – Key export from India, Japan, and Germany.
These segments highlight how import export data providers help businesses understand product-specific growth areas.
Top 5 Vehicle Exporting Countries
- Germany – Leading with premium cars and luxury brands like BMW, Mercedes, and Audi.
- Japan – Strong demand for Toyota, Honda, and Nissan in global markets.
- United States – A hub for SUVs, trucks, and EV exports.
- South Korea – Hyundai and Kia driving significant growth.
- China – Emerging as a global leader in EV exports.
Top 5 Vehicle Importing Countries
- United States – Largest importer of passenger and luxury vehicles.
- Germany – Imports to balance domestic demand for EVs and hybrid vehicles.
- United Kingdom – Heavy reliance on imports for passenger cars.
- France – Importing to support domestic demand for EVs.
- India – Rising demand for high-end and specialized vehicles.
Top Buyers & Suppliers of Vehicles
Global buyers are focusing on fuel-efficient, electric, and hybrid vehicles due to environmental policies and rising fuel costs. Verified suppliers from Asia, particularly China and India, are dominating competitive markets with affordable options. Using Vehicles Import-Export Data, businesses can directly connect with leading buyers and suppliers, minimizing the risk of fraudulent trade.
Top Export/Import Companies in India
India has emerged as a crucial player in the automotive export market, especially in two-wheelers and small cars. The following companies contributed significantly:
- Tata Motors Ltd. – Passenger cars and commercial vehicles.
- Maruti Suzuki India Ltd. – High export of small passenger cars.
- Mahindra & Mahindra Ltd. – SUVs and utility vehicles.
- Bajaj Auto Ltd. – Leading exporter of motorcycles and three-wheelers.
- TVS Motor Company Ltd. – Strong demand for two-wheelers in Africa and Asia.
These companies highlight how India is becoming a hub for cost-effective vehicles in global trade.
HS Code for Vehicles Import Export Data
Vehicles trade is classified under HS Code Chapter 87. The major codes include:
- 8703 – Passenger Cars
- 8704 – Trucks and Commercial Vehicles
- 8708 – Vehicle Parts and Accessories
- 8711 – Motorcycles
- 8702 – Buses and Public Transport Vehicles
Accessing HS code-wise import export data helps businesses track product-specific markets, compliance, and tariff regulations.
Global Trade Issues in Vehicles Sector
Despite growth, the vehicle industry faces significant challenges:
- Supply Chain Disruptions – Semiconductor shortages impacting production.
- Rising Raw Material Costs – Steel, aluminum, and battery components pushing prices higher.
- Regulatory Pressures – Stricter emission norms affecting exports.
- Geopolitical Issues – Trade tensions between major economies impacting vehicle flow.
- Shift to EVs – Countries adjusting policies to support electric mobility.
Businesses rely on global import export data providers to navigate these challenges by identifying reliable markets and avoiding unstable trade zones.
Latest News & Market Insights
- China overtook Japan as the largest exporter of electric vehicles in 2023.
- India’s automobile exports grew by 12% year-on-year, with motorcycles leading the charts.
- The EU introduced stricter emission norms, impacting gasoline vehicle imports.
- Demand for electric buses increased in Latin America and Africa.
- US buyers showed higher interest in hybrid SUVs and EVs.
Conclusion
The global vehicles industry is undergoing rapid transformation, driven by technology, sustainability, and shifting consumer preferences. For businesses, accessing verified Vehicles Import-Export Data is critical to identify profitable opportunities, connect with genuine buyers and suppliers, and adapt to evolving trade regulations. As a trusted import export trade data provider, we deliver accurate market insights that empower businesses to make informed decisions and grow in the international automotive trade.
Q. What is Vehicles Import-Export Data and why is it important?
Vehicles Import-Export Data provides detailed trade insights, including shipment records, HS codes, buyer and supplier details, and market trends. It helps businesses identify potential buyers, monitor competitors, track demand for specific vehicle categories, and make informed trade decisions.
Q. How can import export data providers help in vehicle trade?
A reliable global import export data provider gives businesses access to verified databases of buyers, suppliers, HS codes, shipment records, and customs data. This information reduces the risk of fraud, helps identify profitable markets, and ensures compliance with international trade policies.
Q. Who are the top buyers and suppliers in the global vehicles market?
Top buyers include the United States, Germany, the UK, France, and India, with growing demand for EVs and hybrid vehicles. Leading suppliers include Germany, Japan, South Korea, China, and India. Verified buyer-supplier lists from import export trade data providers enable businesses to connect with genuine partners worldwide.
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