In 2023, Germany led global exports of motor vehicle locks made of base metal, followed by Mexico and China. Notable year-on-year growth was seen in countries like South Korea, India, and Romania, while Japan and France experienced declines. Over the last five years, several countries, including Romania, Slovakia, and Canada, exhibited significant compound annual growth rates. Conversely, some countries, such as Japan and South Africa, faced challenges in their export growth trajectories within this period.
Future trends to watch include technological advancements in lock manufacturing, shifting demands in automotive safety features, and the impact of geopolitical factors on trade flows. Emerging markets may become significant contributors as investment in manufacturing capacity increases. Monitoring these variables will be crucial for predicting the direction of global export dynamics in this sector.
Top countries in Export of Locks of a Kind Used for Motor Vehicles of Base Metal by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 649,990,000 | 2023 | +2.04% | +2.03% | View data |
| 2 | 2 Mexico | 586,800,000 | 2023 | +2.92% | +3.19% | View data |
| 3 | 3 China | 477,210,000 | 2023 | +1.89% | +3.43% | View data |
| 4 | 4 Czech Republic | 338,920,000 | 2023 | +1.39% | +0.67% | View data |
| 5 | 5 Slovakia | 229,090,000 | 2023 | +2.31% | +3.7% | View data |
| 6 | 6 United States | 223,410,000 | 2023 | +1% | +1.04% | View data |
| 7 | 7 South Korea | 209,540,000 | 2023 | +2.99% | +4.38% | View data |
| 8 | 8 Portugal | 189,300,000 | 2023 | +2.13% | +1.84% | View data |
| 9 | 9 Canada | 155,110,000 | 2023 | +3.76% | +5.17% | View data |
| 10 | 10 Romania | 149,460,000 | 2023 | +5.05% | +5.48% | View data |
