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Among continents, European countries offered the highest greenback price of automotive elements exports during 2019 with shipments valued at $199 billion or 48.three% of the worldwide total. Second-place Asia supplied 29.three% adopted by North American shipments at 21%. Smaller percentages belong to Latin America (0.8%) excluding Mexico but together with the Caribbean, Africa (zero.three%) and Oceania (0.2%) led by Australia.

Japan has the highest surplus within the international commerce of automotive components. In turn, this positive cashflow confirms Japan’s strong competitive advantage for this particular product category. The listed 15 international locations shipped 82.1% of world auto components exported in 2019 by value.

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The best vehicle packaging answer takes sustainability critically. It is packaging that's constructed of primarily recyclable supplies that are straightforward to recycle.

Overall the worth of auto parts exports rose by a mean eleven.5% for all exporting countries since 2015 when auto elements shipments were valued at $351.9 billion. Year over yr, the value of global automotive components exports decelerated by -5.6% from 2018 to 2019.

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