Which Country Exports the Most Internal Combustion Engines in the World?

Engines And Turbines May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

In 2016, the global internal combustion engine exports amounted to 2.9M tonnes, picking up by 2% against the previous year figure. The total export volume increased at an average annual rate of +2.4% from 2007 to 2016; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2010, when it surged by 17% against the previous year level. Global internal combustion engine export peaked of 2.9M tonnes in 2014; afterwards, it flattened through to 2016.

In value terms, internal combustion engine exports amounted to $44B in 2016. The total export value increased at an average annual rate of +1.1% from 2007 to 2016; however, the trend pattern indicated some noticeable fluctuations over the period under review. Global internal combustion engine export peaked of $46B in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.

Top Internal Combustion Engine Exporting Countries in the World

1. USA (6.3 billion USD)

2. Japan (5.7 billion USD)

3. Germany (4.8 billion USD)

4. Mexico (4.2 billion USD)

5. Hungary (3.5 billion USD)

6. Canada (2.6 billion USD)

7. China (2.4 billion USD)

8. Austria (2.2 billion USD)

9. United Kingdom (1.8 billion USD)

10. Thailand (1.1 billion USD)

11. Spain (1.1 billion USD)

12. South Korea (1.0 billion USD)

Internal Combustion Engine Exports By Country

In 2016, Japan (524K tonnes), distantly followed by the U.S. (307K tonnes), Canada (278K tonnes), Germany (223K tonnes), Hungary (185K tonnes), Mexico (184K tonnes), China (169K tonnes), the UK (137K tonnes), and Thailand (133K tonnes) represented the largest exporters of internal combustion engine, together comprising 75% of total exports. Austria (121K tonnes), South Korea (95K tonnes), and Spain (79K tonnes) took the weak share of total exports.

From 2007 to 2016, the most notable growth rate of internal combustion engine exports, among the main exporting countries, was attained by Thailand (+22.4% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest internal combustion engine markets worldwide were the U.S. ($6.3B), Japan ($5.7B) and Germany ($4.8B), with a combined 38% share of global exports. These countries were followed by Mexico, Hungary, Canada, China, Austria, the UK, Thailand, Spain and South Korea, which together accounted for a further 45%.

South Korea (+19.3% per year) experienced the highest growth rate of internal combustion engine exports, in terms of the main exporting countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Internal Combustion Engine Export Prices By Country

The average internal combustion engine export price stood at $15 per kg in 2016, ascending by 4% against the previous year. In general, internal combustion engine export price continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2010, an increase of 9% against the previous year level. Over the period under review, average internal combustion engine export price reached its maximum level of $17 per kg in 2007; however, from 2008 to 2016, it failed to regain its strength.

Export prices varied noticeably by country of destination. the country with the highest export prices was Mexico ($23 per kg), while Thailand ($8,378 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of internal combustion engine export prices was attained by South Korea (+4.2% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global internal combustion engine market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • internal combustion engine market share
  • internal combustion engine prices
  • internal combustion engine industry
  • internal combustion engine sales
  • internal combustion engine import
  • internal combustion engine export
  • internal combustion engine market forecast
  • internal combustion engine price forecast
  • key internal combustion engine producers

All data provided in this article covers the following product: HS Code 8407 - Reciprocating or rotary internal combustion piston engines.

Source: World: Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) - Market Report. Analysis and Forecast to 2025