The global automobile industry is a backbone of international trade, with vehicles accounting for a significant share of export and import flows worldwide. From passenger cars and two-wheelers to trucks and electric vehicles, the automotive sector connects manufacturers, buyers, and suppliers across continents. According to the latest Vehicles Import-Export Data, demand has steadily risen in 2023–24 despite challenges like rising fuel prices, chip shortages, and shifting consumer preferences.
As a trusted global import export data provider, we deliver verified trade insights that help businesses identify the right markets, connect with genuine buyers and suppliers, and adapt to changing regulations. With the right import export data, companies can minimize risks, track competitors, and expand their reach in the highly competitive automotive industry.

Global Vehicles Trade Overview

The vehicles trade exceeded USD 1.5 trillion in 2023–24, showcasing its resilience and importance in global commerce. Europe remains the largest exporter, with Germany leading in passenger cars and luxury vehicles. Asia continues to dominate in two-wheelers and electric vehicles, while North America thrives in SUVs, pickup trucks, and heavy-duty vehicles.
The shift toward electric and hybrid vehicles has been a game-changer, with China, South Korea, and Germany leading in EV exports. Buyers in the US, UK, and India are increasing imports to meet domestic demand for eco-friendly transport solutions.

Vehicles Import Export Statistics – By Category

Based on import export data, the following vehicle categories dominate global trade:

1. Passenger Cars (HS Code 8703) – Premium cars from Germany and Japan dominate exports.
2. Commercial Vehicles (HS Code 8704) – US and China lead in heavy-duty trucks and vans.
3. Two-Wheelers (HS Code 8711) – India and Japan top the list for motorcycle and scooter exports.
4. Electric & Hybrid Vehicles – China has emerged as the world’s largest exporter.
5. Vehicle Parts & Components (HS Code 8708) – Major exports from India, Japan, and Germany.

These categories highlight the diverse opportunities available when businesses use Vehicles Import-Export Data effectively.

Top Exporting Countries for Vehicles

The top exporters in 2023–24 include:

• Germany – Luxury cars and high-performance vehicles.
• Japan – Affordable passenger cars and hybrids.
• United States – SUVs, pickup trucks, and EVs.
• South Korea – Hyundai and Kia boosting market share.
• China – Dominant in electric vehicle exports.

Top Importing Countries for Vehicles

Leading importers include:

• United States – Largest importer of cars, SUVs, and EVs.
• Germany – Imports electric vehicles to support sustainability.
• United Kingdom – Heavily dependent on imports for passenger vehicles.
• France – Increasing demand for hybrid and EV models.
• India – Rising imports for premium and luxury cars.

Global Buyers & Suppliers of Vehicles

Verified global buyers are shifting focus to fuel-efficient and electric vehicles, while suppliers from Asia, Europe, and North America are competing to meet demand. Using import export data providers, businesses can access detailed buyers’ lists, supplier databases, and customs statistics, helping them build direct trade relationships and secure long-term contracts.

• Top Buyers – US dealerships, European distributors, and Indian importers.
• Top Suppliers – Global giants like Toyota, BMW, Hyundai, Tata Motors, and BYD (China).

Role of Indian Companies in Vehicle Trade

India has become a hub for small passenger cars, two-wheelers, and spare parts exports. Key contributors include:

• Maruti Suzuki India Ltd. – Compact car exports to Europe, Africa, and Latin America.
• Tata Motors Ltd. – Passenger and commercial vehicles.
• Mahindra & Mahindra Ltd. – SUVs and utility vehicles.
• Bajaj Auto Ltd. – Leading exporter of motorcycles and three-wheelers.
• TVS Motor Company Ltd. – Strong presence in Asian and African markets.

With verified import export data, businesses can track these companies’ shipments and identify partnership opportunities.

HS Codes for Vehicles Trade

Vehicles are classified under HS Code Chapter 87. Major codes include:

• 8703 – Passenger Cars
• 8704 – Trucks and Commercial Vehicles
• 8711 – Motorcycles
• 8708 – Vehicle Parts & Accessories
• 8702 – Buses and Public Transport Vehicles

For businesses, HS code-based import export data ensures compliance with customs regulations while identifying growth markets.

Global Trade Challenges in Vehicles Industry

Despite growth, the vehicles industry faces pressing challenges:

• Semiconductor Shortages – Affecting production and exports.
• Rising Raw Material Costs – Steel, aluminum, and lithium pushing up prices.
• Environmental Regulations – Tighter emission norms in the EU and US.
• Geopolitical Issues – Tariffs and sanctions disrupting trade routes.
• Transition to EVs – Rapid policy changes demanding market adaptation.

Here, support from a global import export data provider is vital for businesses to remain competitive and avoid trade risks.

Latest News & Developments

• China surpassed Japan in 2023 as the world’s largest exporter of EVs.
• India recorded 12% growth in vehicle exports, led by motorcycles.
• The EU imposed stricter carbon emission laws impacting gasoline vehicles.
• US auto dealers reported higher imports of hybrid SUVs.
• Latin America and Africa saw rising demand for electric buses.

Conclusion

The vehicles industry is evolving rapidly, shaped by technology, sustainability goals, and global consumer trends. Accessing accurate Vehicles Import-Export Data helps businesses identify profitable markets, connect with genuine buyers and suppliers, and navigate regulatory complexities. With the support of a trusted import export trade data provider, companies can confidently expand into international markets, gain a competitive edge, and drive growth in the automotive trade sector.