In 2023, the United States imported and exported significant volumes of automobiles:
Imports:
The U.S. imported approximately 7.68 million light vehicles in 2023[3]. This represented a slight increase from 7.36 million units imported in 2022[3].
Exports:
U.S. light vehicle exports reached about 1.65 million units in 2023, an increase of approximately 3.5% compared to 2022[1].
Key points:
– Canada was the leading destination for U.S. passenger vehicle exports based on export value[1].
– Mexico was the United States’ largest source of automotive imports, with imports valued at $81.2 billion in 2023[13].
– The U.S. automotive industry is highly integrated with Canada and Mexico, with nearly half of U.S. imports and exports of motor vehicles and parts coming from or going to these two countries[15].
– In 2023, U.S. exports of automotive vehicles, parts, and engines reached a record high of $179.0 billion[11].
– Imports of automotive vehicles, parts, and engines also hit a record of $458.4 billion in 2023[11].
This data demonstrates the significant scale of both imports and exports in the U.S. automotive sector, highlighting the industry’s global interconnectedness, particularly within North America.