In this piece, we will take a look at the five countries that produce the best cars in the world. For more countries, head on over to 12 Countries That Produce the Best Cars in the World.
5. United Mexican States
Car Exports as of 2021: $39 billion
The United Mexican States is a North American country with a gross domestic product (GDP) of $2.92. It enjoys a northern border with the United States, and trade agreements have made it a hub for U.S. automobile manufacturing. Naturally, the proximity to America has also attracted global brands, and big ticket names such as Suzuki, Honda, Hyundai, and even McLaren have a presence in Mexico. According to the International Trade Administration, 90% of vehicles manufactured in Mexico are exported, and 76% of the exports are destined for the U.S. The country exported $39 billion worth of vehicles in 2021.
4. Republic of Korea (ROK)
Car Exports as of 2021: $44 billion
The Republic of Korea (ROK), commonly known as South Korea, is an East Asian country that is also one of the most developed nations in the world. South Korea’s economy was worth $2.7 trillion in 2022, with a GDP per capita of $53,051. South Korea is home to both local and international car manufacturers. It has produced strong industry players such as Kia, Hyundai, Renault, Samsung and SsangYong. Additionally, General Motors also makes cars in the country. The Republic of Korea (ROK) exported $44 billion worth of cars in 2021, with a total weight of 3.6 million tons.
3. United States of America
Car Exports as of 2021: $54 billion
The United States of America is the second largest economy in the world in terms of purchasing power parity and the largest in terms of nominal GDP. Despite this, the American GDP per capita of $75,180 ranks at number eight globally. The U.S. is home to some of the oldest car companies in the world, such as Ford Motor Company (NYSE:F), which pioneered the modern day mass produced vehicle. Other iconic names are General Motors Company (NYSE:GM), Chevrolet (a GM division), and Chrysler. Additionally, America is also home to Tesla, Inc. (NASDAQ:TSLA), the world’s first mass producer of electric cars. The country exported $54 billion worth of cars in 2021, in the form of 2.4 million units.
2. Japan
Car Exports as of 2021: $85 billion
Japan is an Asian country and an industrial powerhouse. There’s no stopping this country, which has transformed itself into a leading player in the global economy in a short time period since its defeat in World War 2. The Japanese economy was worth $6.1 trillion in 2021, almost one fourth of the American economy. It is home to some of the best car brands in the world, such as Toyota Motor Corporation (NYSE:TM), Nissan, Honda Motor Co., Ltd. (NYSE:HMC), and Suzuki. The country exported $54 billion in cars last year, in the form of 4.3 million units and a per unit value of $19,557.
1. Federal Republic of Germany
Car Exports as of 2021: $139 billion
Germany is an economic powerhouse. Yet, its economy was smaller than Japan’s this year, with a value of $5 trillion. Germans are known for their manufacturing prowess, and German car companies such as Mercedes, BMW, Audi, and Porsche are household names. They produce some of the best-performing cars in the world, and the strength of the automotive industry enabled Germany to export $139 billion in cars last year, equaling the exports of the U.S. and Japan combined, and despite the fact that Germany as a whole is smaller than the U.S. state of Montana.
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