Germany leads the global export of parts for spark-ignition engines, followed by Japan, China, the United States, and Mexico. Over the past year, China's exports grew significantly by 4.16%, while Japan saw a decline of 0.81%. The United States and Mexico also experienced positive growth of 1.82% and 2.99%, respectively. Notable growth was observed in Morocco and Bulgaria, with increases of 5.36% and 4.46% respectively. Zimbabwe experienced a massive increase of 147.07%, although starting from a low base. In contrast, several countries like Norway and Ireland saw significant declines.
Future trends to watch include China's continuous rise as a leading exporter, thanks to substantial year-on-year growth and potential technological advancements in manufacturing. The global shift towards electric vehicles may influence the demand for traditional spark-ignition engine parts, prompting potential market repositioning for countries dependent on these exports. Monitoring technological innovation and evolving environmental regulations will provide insights into the direction of this sector.
Top countries in Export of Parts for Spark-Ignition Engines Except Aircraft Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 17.29 | 2023 | +0.88% | +0.95% | View data |
| 2 | 2 Japan | 13.52 | 2023 | -0.064% | -0.81% | View data |
| 3 | 3 China | 12.21 | 2023 | +4% | +4.16% | View data |
| 4 | 4 United States | 12.06 | 2023 | +1.54% | +1.82% | View data |
| 5 | 5 Mexico | 10.09 | 2023 | +2.67% | +2.99% | View data |
| 6 | 6 South Korea | 4.39 | 2023 | +3.22% | +3.74% | View data |
| 7 | 7 Poland | 3.79 | 2023 | +3.93% | +2% | View data |
| 8 | 8 Italy | 3.71 | 2023 | +2.26% | +1.8% | View data |
| 9 | 9 Thailand | 2.39 | 2023 | +1.92% | +1.67% | View data |
| 10 | 10 Canada | 2.27 | 2023 | -0.37% | -1.7% | View data |
