Cars in China | The Observatory of Economic Complexity

About

Exports In 2022, China exported $45.2B in Cars, making it the 6th largest exporter of Cars in the world. At the same year, Cars was the 12th most exported product in China. The main destination of Cars exports from China are: Belgium ($5.47B), United Kingdom ($4.24B), Saudi Arabia ($2.69B), Australia ($2.61B), and United States ($2.54B).

The fastest growing export markets for Cars of China between 2021 and 2022 were Belgium ($2.44B), United Kingdom ($2.16B), and Spain ($1.56B).

Imports In 2022, China imported $45.8B in Cars, becoming the 3rd largest importer of Cars in the world. At the same year, Cars was the 8th most imported product in China. China imports Cars primarily from: Germany ($20.5B), Japan ($7.71B), United States ($5.73B), United Kingdom ($4.09B), and Slovakia ($2.34B).

The fastest growing import markets in Cars for China between 2021 and 2022 were Germany ($969M), United Arab Emirates ($428M), and Slovakia ($161M).

COMPANIES In 2023, leading companies such as IKEA SUPPLY AG (45.1k), WAL-MART INC. (1.34k), and COSTCO WHOLESALE COPRORATION (870) were at the forefront of shipping Cars from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Cars exports accounted up to $5.82B and imports accounted up to $2.59B, resulting in a positive trade balance of $3.24B. Between February 2023 and February 2024 the exports of China's Cars have increased by $533M (10.1%) from $5.29B to $5.82B, while imports decreased by $-365M (-12.4%) from $2.95B to $2.59B.

Destinations In February 2024, Cars were exported mostly to Russia ($659M), Belgium ($435M), United Kingdom ($422M), Brazil ($414M), and Mexico ($320M), and were imported mostly from Germany ($685M), United States ($623M), Japan ($575M), Slovakia ($250M), and United Kingdom ($195M).

Growth In February 2024, the increase in Cars's year-by-year exports was explained primarily by an increase in exports to Spain ($395M or 23.8k%), United Kingdom ($277M or 81%), and Thailand ($182M or 427%). In February 2024, the decrease in Cars's year-by-year imports was explained primarily by a decrease in imports from United States ($-726M or -50.7%), Japan ($-511M or -52.2%), and Germany ($-202M or -13.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$533M(10.1%)

IMPORT GROWTH (February 2023 - February 2024)$-365M(-12.4%)

MAIN EXPORTER (February 2024)Shanghai Province$1.73B

MAIN DESTINATION (February 2024)Russia$659M

This section shows Cars's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Cars over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$45.2B

IMPORTS (2022)$45.8B

NET TRADE (2022)-$683M

In 2022, China exported $45.2B in Cars. The main destinations of China exports on Cars were Belgium ($5.47B), United Kingdom ($4.24B), Saudi Arabia ($2.69B), Australia ($2.61B), and United States ($2.54B).

In 2022, China imported $45.8B in Cars, mainly from Germany ($20.5B), Japan ($7.71B), United States ($5.73B), United Kingdom ($4.09B), and Slovakia ($2.34B).

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