In 2023, the United States led as the top exporter of spark-ignition internal combustion engines, with a substantial export value of $6.28 billion. Japan and Germany followed, with $5.7 billion and $4.79 billion, respectively. Compared to previous years, this market has seen notable year-on-year and five-year compound annual growth rates, reflecting an evolving landscape.
Key growth areas included Mexico and Hungary, which outpaced some traditional leaders in growth rate terms. However, the United Arab Emirates and Spain had relatively lower export values compared to other countries.
Trends to watch include the impact of stricter emissions regulations and the rise of electric vehicles, which could alter demand for internal combustion engines. Innovations in engine efficiency and cleaner technologies might offset declines as countries like China and Canada expand in this market segment.
Top countries in Top Exporters of Spark-Ignition Internal Combustion Engines
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 United States | 6,280 | 2016 | |
| 2 | 2 Japan | 5,700 | 2016 | |
| 3 | 3 Germany | 4,790 | 2016 | |
| 4 | 4 Mexico | 4,180 | 2016 | |
| 5 | 5 Hungary | 3,530 | 2016 | |
| 6 | 6 Canada | 2,620 | 2016 | |
| 7 | 7 China | 2,350 | 2016 | |
| 8 | 8 United Kingdom | 1,840 | 2016 | |
| 9 | 9 United Arab Emirates | 1,620 | 2016 | |
| 10 | 10 Spain | 1,070 | 2016 |
