In 2023, Germany led the global export market for steering wheels, columns, and boxes for motor vehicles, followed closely by the United States and Mexico. Noteworthy year-on-year growth was observed for countries like India (5.65%) and China (4.48%), while Japan faced a decline (-2.18%). Over the past five years, consistent growth was seen in countries like Mexico and China, while sectors like Canada's experienced a downturn.
As we look forward, the future trends will likely be influenced by advancements in automotive technology, particularly in autonomous and electric vehicles. Emerging markets may hold opportunities for export growth, while established markets might focus on enhancing supply chain efficiencies and technological advancements.
Top countries in Export of Steering Wheels, Columns and Boxes for Motor Vehicles by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,037,100,000 | 2023 | +2.5% | +2.74% | View data |
| 2 | 2 United States | 3,089,600,000 | 2023 | +2.53% | +3.11% | View data |
| 3 | 3 Mexico | 2,958,900,000 | 2023 | +3.65% | +4.28% | View data |
| 4 | 4 China | 2,703,700,000 | 2023 | +4.18% | +4.48% | View data |
| 5 | 5 France | 1,730,400,000 | 2023 | +1.37% | +1.33% | View data |
| 6 | 6 Poland | 1,558,500,000 | 2023 | +3.17% | +1.72% | View data |
| 7 | 7 Hungary | 1,460,000,000 | 2023 | +4.59% | +4.98% | View data |
| 8 | 8 South Korea | 1,405,400,000 | 2023 | +4.05% | +4.75% | View data |
| 9 | 9 Japan | 1,316,400,000 | 2023 | +0.82% | -2.18% | View data |
| 10 | 10 Romania | 1,197,500,000 | 2023 | +3.75% | +4.53% | View data |
