When it comes to import markets for internal combustion engines (ICE), several countries stand out as top players in this global industry. According to the latest data from the IndexBox market intelligence platform, the world’s top 10 countries of import value for internal combustion engines in 2022 include Mexico, Germany, the United States, Turkey, Spain, the Czech Republic, France, Thailand, Belgium, and Poland.

1. Mexico

Mexico leads the pack with an import value of $6.2 billion in 2022. The country’s automotive industry has experienced significant growth in recent years, making it a crucial market for internal combustion engines. The demand for ICE in Mexico is driven by the strong presence of car manufacturers and the country’s position as a top exporter of vehicles to the United States.

2. Germany

Germany ranks second with an import value of $3.1 billion in 2022. As one of the leading automotive manufacturing countries in the world, Germany relies on importing internal combustion engines to meet its domestic demand and support its thriving automotive sector. The country is known for its high-quality automotive engineering and the presence of renowned brands.

3. United States

The United States follows closely with an import value of $2.9 billion in 2022. Despite being a major producer of internal combustion engines, the U.S. still imports a significant amount to fulfill its domestic demand. The country is home to several automobile manufacturers, and the demand for ICE is fueled by the strong consumer market.

4. Turkey

Turkey is the fourth-largest import market for internal combustion engines, with an import value of $2.1 billion in 2022. The country’s automotive industry has shown remarkable growth over the years, attracting investment from major global car manufacturers. The demand for ICE in Turkey is driven by both domestic consumption and its position as a manufacturing hub for automotive exports.

5. Spain

Spain holds the fifth position with an import value of $1.4 billion in 2022. The country’s automotive industry is a key driver of economic growth, and internal combustion engines play a vital role. Spain is known for producing a wide range of vehicles, and the demand for ICE is fueled by both domestic consumption and export requirements.

6. Czech Republic

The Czech Republic ranks sixth with an import value of $1.2 billion in 2022. The country has a strong manufacturing base for automobiles and automotive components. While Czech Republic’s domestic demand for internal combustion engines is relatively high, it also serves as an important transit point for automotive exports to other European countries.

7. France

France holds the seventh position with an import value of $989.2 million in 2022. The country is home to renowned automobile manufacturers and has a long history of automotive excellence. While France produces a significant number of internal combustion engines domestically, its import market also remains substantial, supporting its automotive sector.

8. Thailand

Thailand follows closely with an import value of $989.1 million in 2022. The country has emerged as a major player in the global automotive industry, attracting investment from international car manufacturers. Thailand’s import market for internal combustion engines is mainly driven by its position as a manufacturing hub for automotive exports.

9. Belgium

Belgium ranks ninth with an import value of $806.7 million in 2022. The country has a strong automotive industry, and its import market for internal combustion engines is driven by both domestic consumption and export demands. Belgium serves as a strategic location for the transportation of automotive components within Europe.

10. Poland

Poland completes the top 10 list with an import value of $702.0 million in 2022. The country has been developing its automotive industry rapidly, attracting investment from major global manufacturers. Poland’s import market for internal combustion engines is primarily driven by its domestic consumption and export-oriented manufacturing activities. Overall, these countries have established themselves as significant import markets for internal combustion engines, driven by their automotive industries, domestic consumption, and export-oriented manufacturing. The demand for ICE is expected to continue growing in these markets, further fueling the global import trade. The IndexBox market intelligence platform provides valuable insights into these markets, offering detailed data and statistics that support businesses in making informed decisions.

Source: IndexBox Market Intelligence Platform