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Electric Cars Exports by Country

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Electric smart car (courtesy of Pixabay.com)

Worldwide exports of electricity-powered automobiles were worth a total US$141.5 billion in 2024.

That dollar amount results from a 133% acceleration compared to $37.7 billion five years earlier in 2020.

Year over year, the overall value of exported electric cars fell by -7.3% from $152.6 billion for 2023.

Baselined against the $958.9 billion in overall international sales for all types of cars in 2024, electric cars represent 14.8% of global revenues from exported cars. The most recent percentage of electric cars represents a slowdown from the 15.7% share for 2020.

The 5 biggest exporters of electric cars are Germany, mainland China, Belgium, Mexico and South Korea. Collectively, those 5 leaders in exporting electric cars generated nearly three-quarters (74.6%) of electric car global sales in 2024.

Among continents, suppliers in European countries sold the most exported electric cars during 2024 with shipments valued at $75.6 billion or 53.4% of the world total. In second place were exporters located in Asia at 35.2% while another 11.2% of the international sales for electric cars originated from shippers in North America (versus 5.5% one year prior).

Tinier percentages came from exporters in Africa (0.1%), Australia and New Zealand mostly in Oceania (0.02%), then Latin America (0.01%) excluding Mexico.

For research purposes, the 6-digit Harmonized Tariff System code prefix is 870380 for motor vehicles powered by electric motor only (also called electric smart cars). This is a relatively new HTS code since 2017 is the first year for which trade data specific to electric cars was available.

Below are the 15 countries that exported the highest dollar value worth of electric cars during 2024.

Germany: US$40.6 billion (28.7% of exported electric cars)
mainland China: $32 billion (22.6%)
Belgium: $12.7 billion (8.9%)
Mexico: $10.2 billion (7.2%)
South Korea: $10.1 billion (7.1%)
Japan: $6.7 billion (4.8%)
United States: $5.5 billion (3.9%)
Czech Republic: $4.3 billion (3.1%)
Spain: $3.5 billion (2.5%)
France: $2.8 billion (2%)
United Kingdom: $2.2 billion (1.6%)
Hungary: $2.02 billion (1.4%)
Slovenia: $2 billion (1.4%)
Poland: $1.1 billion (0.8%)
Austria: $1 billion (0.7%)

By value, the listed 15 countries shipped 96.7% of globally exported electric cars in 2024.

Among the top exporters, growth exporters of electric cars since 2023 were: Mexico (up 926.6%), Slovenia (up 30.3%), Poland (up 23.9%) and Germany (up 1.1%).

Those countries that posted declines in their international sales of electric cars were led by: United Kingdom (down -40.6% from 2023), Spain (down -31.9%), Belgium (down -29.6%), South Korea (down -29.5%) and the United States of America (down -24%).

The following automated database presents the 103 countries (up from 99 one year earlier) that exported electric cars during 2024, ranked by international sales in 2024.

RankExporterElectric Cars Exports2023-4

1.	Germany	$40,618,657,000	+1.1%
2.	mainland China	$31,975,177,000	-6.3%
3.	Belgium	$12,650,568,000	-29.6%
4.	Mexico	$10,198,971,000	+926.6%
5.	South Korea	$10,103,086,000	-29.5%
6.	Japan	$6,722,596,000	-12.3%
7.	United States	$5,515,266,000	-24%
8.	Czech Republic	$4,344,968,000	-7.8%
9.	Spain	$3,544,498,000	-31.9%
10.	France	$2,811,509,000	-5.7%
11.	United Kingdom	$2,222,363,000	-40.6%
12.	Hungary	$2,022,474,000	-4.8%
13.	Slovenia	$2,001,504,000	+30.3%
14.	Poland	$1,088,936,000	+23.9%
15.	Austria	$1,027,249,000	-3.9%
16.	Italy	$1,024,742,000	-60.5%
17.	Slovakia	$654,172,000	-66.5%
18.	Netherlands	$597,651,000	-42.3%
19.	Thailand	$362,071,000	+5168%
20.	Sweden	$353,175,000	+19.5%
21.	Vietnam	$335,282,000	+74.2%
22.	Morocco	$181,875,000	-7.7%
23.	Denmark	$154,919,000	+67.8%
24.	Canada	$139,794,000	+429.4%
25.	Türkiye	$96,326,000	+680%
26.	India	$84,247,000	+41.1%
27.	Norway	$71,517,000	-55.7%
28.	Luxembourg	$60,201,000	+39.1%
29.	Finland	$46,153,000	+83.1%
30.	Croatia	$43,570,000	+88.4%
31.	Ireland	$43,460,000	+1683%
32.	Hong Kong	$42,995,000	-20.7%
33.	Switzerland	$32,787,000	+126.4%
34.	Estonia	$32,747,000	-40.8%
35.	Singapore	$30,642,000	+86.9%
36.	Lithuania	$25,857,000	-62.1%
37.	Portugal	$24,972,000	+284.8%
38.	Latvia	$22,552,000	-46.8%
39.	Australia	$16,797,000	+100.5%
40.	Romania	$14,992,000	-50.1%
41.	Indonesia	$12,531,000	-18.7%
42.	Azerbaijan	$10,821,000	+733%
43.	Kazakhstan	$9,157,000	+403.1%
44.	New Zealand	$8,859,000	0%
45.	Malaysia	$8,701,000	-17.3%
46.	Israel	$8,556,000	+124.2%
47.	Saudi Arabia	$8,433,000	+2256%
48.	Serbia	$6,426,000	-29.8%
49.	Colombia	$5,259,000	+21813%
50.	Macao	$5,208,000	+327.9%
51.	United Arab Emirates	$5,019,000	-99.2%
52.	Greece	$4,314,000	-31.4%
53.	Bulgaria	$3,663,000	-36.8%
54.	Chile	$2,192,000	+108.6%
55.	Brazil	$1,519,000	-4.6%
56.	Iceland	$1,453,000	+520.9%
57.	Sri Lanka	$1,195,000	+1960%
58.	Armenia	$1,053,000	-85.8%
59.	Taiwan	$1,030,000	+163.4%
60.	Panama	$709,000	+106.1%
61.	Ukraine	$701,000	-65.7%
62.	Afghanistan	$696,000	0%
63.	Uruguay	$591,000	0%
64.	Jamaica	$565,000	0%
65.	Uzbekistan	$530,000	+129.4%
66.	Belarus	$509,000	+50800%
67.	South Africa	$482,000	-63%
68.	Seychelles	$294,000	0%
69.	Bangladesh	$278,000	0%
70.	Ecuador	$220,000	+1733%
71.	Barbados	$191,000	+223.7%
72.	Kyrgyzstan	$188,000	-97.8%
73.	Montenegro	$176,000	-12.4%
74.	Costa Rica	$168,000	+740%
75.	Mauritius	$162,000	-55.4%
76.	Pakistan	$161,000	-3%
77.	Moldova	$141,000	-82.1%
78.	Kenya	$139,000	-9.7%
79.	Andorra	$130,000	-39.5%
80.	Russia	$128,000	-74.9%
81.	Guatemala	$123,000	+35.2%
82.	Cyprus	$115,000	0%
83.	North Korea	$108,000	-67.7%
84.	Honduras	$102,000	0%
85.	Dominican Republic	$91,000	0%
86.	Philippines	$89,000	+39.1%
87.	Bosnia/Herzegovina	$81,000	0%
88.	Guyana	$55,000	0%
89.	Tajikistan	$50,000	0%
90.	Grenada	$37,000	0%
91.	Mongolia	$24,000	+26.3%
92.	Wallis/ Futuna Islands	$19,000	0%
93.	North Macedonia	$16,000	-50%
94.	El Salvador	$16,000	-90.1%
95.	Iran	$15,000	0%
96.	Zambia	$15,000	0%
97.	Tunisia	$10,000	0%
98.	Faroe Islands	$7,000	-78.8%
99.	Lebanon	$6,000	-99.7%
100.	Botswana	$5,000	0%
101.	Gibraltar	$4,000	0%
102.	Curaçao	$2,000	-85.7%
103.	Bahamas	$1,000	-99.7%

Focusing on the full set of exporters, the fastest-growing suppliers of electric cars were Belarus (up 50,800% from 2023), Colombia (up 21,813%), Thailand (up 5,168%), Saudi Arabia (up 2,256%), Sri Lanka (up 1,960%) and Ecuador (up 1,733%).

You can change the presentation order by clicking the triangle icon at the top of the above table’s columns.

An entry of 0% in the right-most column means that 2023 data was unavailable.

Countries Earning Largest Trade Surpluses from Electric Cars

The following countries posted the highest positive net exports for electric cars during 2024. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus between the value of each country’s exported electric cars and its import purchases for that same commodity.

Germany: US$32 billion (net export surplus up 29.9% since 2023)
mainland China: $31 billion (down -2.8%)
Mexico: $9 billion (up 1670.9%)
South Korea: $8.2 billion (down -31.8%)
Japan: $5.4 billion (down -8%)
Czech Republic: $3.9 billion (down -10.8%)
Hungary: $1.6 billion (down -5.3%)
Slovenia: $715.3 million (up 117.3%)
Slovakia: $376.8 million (down -77.7%)
Vietnam: $288.5 million (up 66.6%)
Spain: $154.1 million (down -64%)
Morocco: $132.6 million (down -15.5%)
Poland: $126.6 million (reversing a -$281.8 million deficit)
Afghanistan: $691,000 (reversing a -$5,000 deficit)
North Korea: $108,000 (down -67.7%)

Germany and mainland China generated the highest surplus in the international trade of electric cars. In turn, these positive cashflows confirm both exporters’ competitive advantages for this specific product category.

Countries Facing Worst Trade Deficits from Electric Cars

The following countries incurred the highest negative net exports for electric cars during 2024. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of each country’s imported electric cars purchases and its exports for that same commodity.

United States: -US$17.5 billion (net export deficit up 49% since 2023)
United Kingdom: -$12.7 billion (up 14.9%)
Canada: -$7.3 billion (up 14%)
France: -$5.4 billion (down -24.8%)
Norway: -$4.7 billion (down -3.1%)
Denmark: -$4.5 billion (up 38%)
Sweden: -$4 billion (down -15.5%)
Australia: -$3.4 billion (down -4.8%)
Netherlands: -$3.3 billion (down -6.2%)
Türkiye: -$2.7 billion (up 2.5%)
Switzerland: -$2.3 billion (down -23.7%)
Italy: -$2.11 billion (up 231.1%)
Israel: -$2.05 billion (down -2.6%)
United Arab Emirates: -$1.99 billion (up 98.7%)
Belgium: -$1.7 billion (reversing a $4.8 billion surplus)

The United States of America and United Kingdom recorded the highest deficits in the international trade of electric cars. These negative cashflows highlight both countries’ apparent competitive disadvantages for this specific product category but also signal opportunities for suppliers of electric cars to better meet the growing consumer demand for more environmentally friendly products.

Manufacturers of Electric Vehicles

Below are major global automobile makers with facilities for producing electric plug-in cars or hybrid vehicles. Shown within parenthesis is the country where each corporation has its headquarters.