5 Biggest Import-Export Companies in the World

2. Toyota Motor Corporation (NYSE:TM)

Market Cap as of November 30: $201.513 billion

Toyota Motor Corporation (NYSE:TM) is one of the largest automotive manufacturers in the world. It is headquartered in Aichi, Japan, and produces approximately 10 million vehicles per year. The company is a global exporter and from January to July 2022, the company exported 968,845 units. In addition, Toyota Motor Corporation (NYSE:TM) also imports parts for vehicle production. According to the management, 60% of the car components used in US production are locally made and the rest are imported from abroad. In comparison, only 1% to 2% of the parts used in Japan are imported.

Toyota Motor Corporation (NYSE:TM) is a dividend stock with a yield of 2.39% as of November 30. The company pays dividends semi-annually with the next payout date coming on December 2, 2022.

In Q3, Toyota Motor Corporation (NYSE:TM) was a part of 12 hedge fund portfolios, in line with the previous quarter. Fisher Asset Management was the largest stakeholder in the company and increased its activity in the company by 3% in the third quarter. Moreover, Renaissance Technologies was the second largest stakeholder in the company after increasing its holdings in Toyota Motor Corporation (NYSE:TM) by 100%.

Here is what Baron Funds has to say about Toyota Motor Corporation (NYSE:TM) in its Q1 2022 investor letter:

“Toyota’s (NYSE:TM) “kaizen” manufacturing philosophy is based on improving manufacturing by using “just in time” processes to eliminate waste and reduce inventory carrying costs. Clearly the company does not contemplates disruptive change that will dramatically lower costs and improve quality.”