third-largest automobile producer Toyota largest automobile company East Asia Asia Japanese
Japan is the third-largest automobile producer in the world as of 2022 and is home to Toyota, the world's largest automobile company by vehicle production. Quantitatively, Japan was the world's largest exporter of cars in 2021, though it was overtaken by China in early 2023. The Japanese shipbuilding industry faces increasing competition from its East Asian neighbors, South Korea and China; as a 2020 government initiative identified this sector as a target for increasing exports.
