Top Japan's Automotive Export Statistics for 2023-24

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ten data blog21-05-2024

How Many Cars Did Japan Export?

Japan's automotive industry is traditionally a powerhouse in the global market, known for producing reliable and innovative vehicles. Over the years, Japan has consistently increased its automotive production for international markets, exporting millions of vehicles worldwide. In 2023, Japanese automakers exported a variety of vehicles to neighboring countries, including popular models like the Toyota Corolla, Honda Civic, and Nissan Altima. These vehicles are recognized for their durability, fuel efficiency, and outstanding performance.


In 2023, Japan's passenger car exports increased by over 20% from the previous year, totaling more than 5.27 million units. Japan dominated the global automotive export market, with the total value of exported vehicles reaching $110.13 billion. The overall automotive export value increased from 1.07 trillion yen in January 2024 to 1.27 trillion yen in February 2024. The HS code for cars is 8703.


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Japan's Top 10 Automotive Export Partners in 2023

1. United States: $41.07 Billion

The United States remains Japan's largest automotive export partner by a significant margin, with exports totaling $41.07 billion in 2023. This robust trade relationship is driven by the high demand for Japanese vehicles known for their quality, fuel efficiency, and cutting-edge technology. Major brands like Toyota, Honda, and Nissan continue to dominate the American market, offering a wide range of models from fuel-efficient sedans to advanced hybrid and electric vehicles.


2. Australia: $8.21 Billion

Australia is the second-largest export destination for Japanese automobiles, with exports reaching $8.21 billion in 2023. The Australian market highly values the durability and performance of Japanese vehicles, which are well-suited for the diverse Australian terrain. Brands such as Mazda, Subaru, and Mitsubishi are particularly popular, providing a variety of vehicles from compact cars to SUVs and trucks.


3. China: $6.61 Billion

China, the world's largest automotive market, imported $6.61 billion worth of Japanese vehicles in 2023. Japanese automakers have a significant presence in China, with a growing focus on electric vehicles (EVs) and hybrid models to meet the increasing demand for environmentally friendly transportation. Toyota and Nissan are leading the charge with their innovative EV technologies and extensive model lineups.


4. Canada: $5.23 Billion

Japan exported $5.23 billion worth of automobiles to Canada in 2023, making it the fourth-largest export market. Canadian consumers appreciate the reliability and advanced features of Japanese vehicles. Brands like Honda and Toyota, which have manufacturing plants in Canada, benefit from strong local recognition and a loyal customer base.


5. United Kingdom: $3.74 Billion

The United Kingdom ranks fifth, with Japanese automotive exports totaling $3.74 billion. The UK's market for Japanese cars is driven by the demand for reliable, efficient, and well-designed vehicles. Brands like Lexus and Infiniti have carved out a niche in the luxury segment, while mainstream models from Toyota and Nissan continue to enjoy widespread popularity.


6. Saudi Arabia: $3.52 Billion

Saudi Arabia is a key market for Japanese automobiles, with exports amounting to $3.52 billion in 2023. The rugged and harsh climate of Saudi Arabia demands durable and reliable vehicles, and Japanese automakers meet these needs effectively. SUVs and large sedans are particularly favored, with brands like Toyota and Nissan leading the market.


7. United Arab Emirates: $2.99 Billion

The United Arab Emirates imported $2.99 billion worth of Japanese vehicles in 2023. The UAE's diverse automotive market ranges from luxury cars to practical SUVs, and Japanese brands cater to all segments. High-performance models from Lexus and Infiniti, along with reliable options from Toyota and Mitsubishi, are popular choices among consumers.


8. Germany: $2.43 Billion

Germany, known for its own strong automotive industry, imported $2.43 billion worth of Japanese cars in 2023. Japanese brands like Toyota and Mazda are appreciated for their innovative technology and fuel efficiency, which appeal to environmentally conscious German consumers. Hybrid and electric models are particularly popular in this market.


9. Taiwan: $2.2 Billion

Japan's automotive exports to Taiwan reached $2.2 billion in 2023. Taiwanese consumers favor the advanced technology, fuel efficiency, and reliability of Japanese vehicles. Brands such as Toyota, Honda, and Nissan are well-received, with a strong market presence and a range of models that cater to various consumer needs.


10. Mexico: $1.71 Billion

Mexico rounds out the top 10, with Japanese automotive exports totaling $1.71 billion in 2023. The Mexican market values the affordability, quality, and technological advancements of Japanese vehicles. Brands like Nissan and Mazda have a significant manufacturing presence in Mexico, further strengthening their market position.


Top Japanese Automotive Brands

In 2023, Toyota led domestic sales with 1.58 million vehicles, becoming Japan's largest automaker. The total sales of vehicles increased by over 500,000 units to 4.78 million compared to the previous year. Most brands saw a growth in sales, with nearly all top-ranking automakers being Japanese companies. Interestingly, German automakers were among the top three foreign brands in the country. Japan's best-selling models further illustrate the nation's preference for domestic manufacturers, with the Toyota Yaris and Corolla taking the top two spots. In the passenger car rankings, only Nissan and Honda joined Toyota in the top ten.

The top 10 Japanese automotive export brands in 2023 included: Toyota, Lexus, Nissan, Infiniti, Honda, Acura, Mazda, Suzuki, Subaru, and Mitsubishi.


The Future of Japan's Automotive Exports

With a strong emphasis on innovation, excellence, and sustainability, Japanese manufacturers are poised to maintain their leadership in the industry. As the demand for fuel-efficient and environmentally friendly vehicles continues to grow, Japan is well-equipped to meet global buyers' desires, ensuring that its automotive export record remains exceptional in the coming years. Japan is increasingly focusing on electric vehicle production, with technologies such as Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and Fuel Cell Electric Vehicles (FCEVs) shaping the future market. While Japanese automakers currently prefer hybrid vehicles over purely electric ones, there are plans to ban the sale of new gasoline-powered cars by 2035, likely supplemented by the increased adoption of BEVs and FCEVs.


How to Find Potential Japanese Automotive Suppliers?

You can find thousands of potential Japanese automotive suppliers on Tendata. Simply select the region as "Japan" and enter "automotive" to obtain detailed information and contact details for numerous Japanese automotive suppliers.


Conclusion

Japan's automotive export data for 2023-24 highlights the country's enduring success in the global automotive market, with significant exports to major partners. Focusing on excellence, innovation, and sustainability, Japan's automotive export industry looks poised for continued growth and success, bringing high-quality vehicles to the international market.



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