Regional Shift in the Global Automotive Sector

Abstract

The automotive sector accounts for a significant part of the global cross border trade. Therefore, it is to reflect the current economic structure around the world. This study reveals economic characteristics of this significant sector, while considering how cross border trade, production and market of this sector have experienced shifts across regions over the last decade. This study proves that Asia-Pacific region has displayed remarkable growth in terms of automotive imports and exports, and motor vehicle assembly and market over the last decade constituting a larger share of the global automotive sector. On the other hand, European region still leads the global automotive imports and exports.