Trade Trends
Global exports of medium-sized cars totaled $276.59B in 2019. By 2023, the figure evolved to $257.57B, followed by an additional decline to $246.62B in 2024. This reflects a 6.9% decrease between 2019 and 2023, a 10.8% decrease between 2019 and 2024, and a 4.3% drop from 2023 to 2024. All values are expressed in USD.
The contraction over the five-year period suggests a shift in global automotive demand, likely influenced by rising electric vehicle adoption, supply chain disruptions, and changing consumer preferences. While traditional export leaders maintained dominance, several smaller producers gained traction by targeting niche markets and diversifying production capabilities.
Top Trading Countries
The five leading exporters of medium-sized cars in 2024 were:
- Germany exported $49.51B in 2024 and $59.45B in 2019, showing a 16.7% decrease. Germany retained its top position.
- Japan reached $33.99B in 2024 and $49.83B in 2019, down 31.8%. Japan remained second.
- Mexico recorded $30.57B in 2024 and $31.01B in 2019, a 1.4% decrease. Mexico held third place.
- United States moved $24.18B in 2024 and $20.43B in 2019, up 18.3%. The United States held fourth place.
- South Korea exported $21.03B in 2024 and $19.70B in 2019, a 6.7% increase. South Korea held fifth place.
On the Rise
Several smaller countries showed consistent growth in medium-sized car exports between 2019 and 2024:
- China expanded from $3.16B in 2019 to $20.51B in 2024, marking a 548.9% increase.
- Romania increased from $384M to $1.32B, up 244.5%.
- Belgium grew from $8.83B to $9.08B, a 2.8% rise.
- Slovakia moved from $8.22B to $7.48B, down 9.1% but maintaining high export levels.
- Sweden rose from $4.78B to $5.12B, a 7% increase.
China’s growth was the most pronounced, reflecting its expanding automotive manufacturing base and rising global competitiveness.
Disclaimer
These insights are based on available trade data and may not represent the full market reality.
