The global lithium-ion battery market has experienced explosive growth, driven by surging demand for electric vehicles (EVs) and renewable energy storage systems. Here's an in-depth look at the top 30 lithium-ion battery exporting countries in 2024, based on the latest trade data.
Global Lithium-Ion Battery Export Landscape 2024
China and the United States dominate the market, collectively accounting for over $1.15 billion in exports (China: $583.1 million, US: $575.1 million). These two powerhouses are followed by Singapore ($282.8M), Germany ($220.6M), and Indonesia ($208.7M), with the top five nations supplying more than half of global lithium-ion battery exports.
🏆 Top 10 Exporting Nations
Rank Country Export Value Key Characteristics
1 China $583.1M World's largest production base
2 United States $575.1M Home to Tesla and major manufacturers
3 Singapore $282.8M Strategic Asian trade hub
4 Germany $220.6M European market leader
5 Indonesia $208.7M Rich in raw materials
6 Hong Kong $206.3M Gateway to China
7 Netherlands $164.3M European logistics center
8 France $162.9M Strong EV industry support
9 Japan $153.3M High-quality, tech-driven products
10 South Korea $137.9M Samsung SDI, LG Energy Solution
Regional Breakdown
• Asia: Commands ≈60% of global exports, led by China, Singapore, Indonesia, Japan, and South Korea
• North America: The U.S. and Canada are expanding market share through technological innovation
• Europe: Germany, Netherlands, and France are responding to growing EV demand
• Emerging Players: Indonesia's rise is particularly notable, with South Africa (#27) and Australia (#28) also growing
Key Country Analyses
1. China's Market Dominance ($583.1M)
Home to CATL and other battery giants, China supplies over 60% of global EV batteries. Its competitive advantages include:
• Strong government support
• Cost-effective labor
• Established supply chains
2. America's Rapid Growth ($575.1M)
The U.S. is closing the gap through:
• Tesla's Gigafactories
• Panasonic partnerships
• Inflation Reduction Act (IRA) incentives boosting domestic production
3. Singapore's Strategic Position ($282.8M)
Despite its small size, Singapore ranks #3 due to:
• Gateway status to Southeast Asian markets
• World-class logistics infrastructure
• Regional HQs of multinational corporations
Rising Stars to Watch
Indonesia's Ascent (#5, $208.7M)
As the world's largest nickel producer, Indonesia is:
• Transitioning from raw material exports to battery manufacturing
• Targeting 40% of global EV battery supply by 2040
European Expansion
Germany (#4), Netherlands (#7), and France (#8) are scaling up production capacity to meet growing EV demand, accelerated by the EU's 2035 combustion engine ban.
Market Outlook
The lithium-ion battery market continues growing at >20% annually, projected to reach $100 billion by 2030. While China maintains its lead, several trends are reshaping the competitive landscape:
1. U.S. and European supply chain diversification
2. Emergence of new production hubs like Indonesia
3. Intensifying competition for raw materials
4. Technological advancements in battery chemistry
For South Korean manufacturers like Samsung SDI and LG Energy Solution, maintaining global competitiveness will require continuous innovation and strategic overseas production base expansion.
The global shift toward clean energy ensures lithium-ion batteries will remain at the center of geopolitical and economic strategies worldwide, with national competitiveness increasingly determined by:
• Technological innovation
• Raw material access
• Production efficiency
• Policy support
This dynamic market presents both opportunities and challenges for all players in the energy storage revolution.
