Cars in China 2020 Exports | Imports : $9.22B | $42B, World Rnk 17 / 210 Rnk 59 / 1215 | World Rnk 3 / 224 Rnk 4 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $296M | $1.17B, Norway | Japan
2020 ECONOMIC COMPLEXITY of China: 0.96, Rnk 28 / 127
2020 PRODUCT COMPLEXITY IN Cars: 0.89, Rnk 214 / 1029
Exports In 2020, China exported $9.22B in Cars, making it the 17th largest exporter of Cars in the world. At the same year, Cars was the 59th most exported product in China. The main destination of Cars exports from China are: United States ($1.29B), Saudi Arabia ($1.1B), Russia ($456M), Germany ($408M), and Australia ($390M).
The fastest growing export markets for Cars of China between 2019 and 2020 were Norway ($296M), Belgium ($235M), and Saudi Arabia ($227M).
Imports In 2020, China imported $42B in Cars, becoming the 3rd largest importer of Cars in the world. At the same year, Cars was the 4th most imported product in China. China imports Cars primarily from: Germany ($16.7B), Japan ($8.69B), United States ($6.24B), United Kingdom ($3.56B), and Slovakia ($1.98B).
The fastest growing import markets in Cars for China between 2019 and 2020 were Japan ($1.17B), Slovakia ($420M), and Thailand ($283M).
Tariffs In 2018, the average tariff for China in Cars was 24.6%. The countries with the highest import tariffs for Cars were Angola (Most Favoured Nation duty rate treatement, 25%), Burundi (Most Favoured Nation duty rate treatement, 25%), Benin (Most Favoured Nation duty rate treatement, 25%), Burkina Faso (Most Favoured Nation duty rate treatement, 25%), and Botswana (Most Favoured Nation duty rate treatement, 25%).
December 2022
Overview In December 2022 China's Cars exports accounted up to $4.28B and imports accounted up to $3.44B, resulting in a positive trade balance of $844M. Between December 2021 and December 2022 the exports of China's Cars have increased by $2.28B (114%) from $2B to $4.28B, while imports decreased by $-638M (-15.7%) from $4.08B to $3.44B.
Destinations In December 2022, Cars were exported mostly to Belgium ($444M), Russia ($342M), Australia ($324M), Mexico ($300M), and United Kingdom ($250M), and were imported mostly from Germany ($1.06B), Japan ($730M), United States ($578M), Slovakia ($405M), and United Kingdom ($277M).
Growth In December 2022, the increase in Cars's year-by-year exports was explained primarily by an increase in exports to Belgium ($656M or 7.16k%), United Kingdom ($197M or 135%), and United Arab Emirates ($158M or 1.45k%). In December 2022, the decrease in Cars's year-by-year imports was explained primarily by a decrease in imports from Slovakia ($-114M or -38.8%), United Kingdom ($-64.8M or -11.1%), and Hungary ($-36.5M or -49.3%).
EXPORT GROWTH (December 2021 - December 2022): $2.28B, (114%)
IMPORT GROWTH (December 2021 - December 2022): $-638M, (-15.7%)
MAIN EXPORTER (December 2022): Shanghai Province, $887M
MAIN DESTINATION (December 2022): Belgium, $444M
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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EXPORTS (2020): $9.22B
IMPORTS (2020): $42B
NET TRADE (2020): -$32.8B
In 2020, China exported $9.22B in Cars. The main destinations of China exports on Cars were United States ($1.29B), Saudi Arabia ($1.1B), Russia ($456M), Germany ($408M), and Australia ($390M).
In 2020, China imported $42B in Cars, mainly from Germany ($16.7B), Japan ($8.69B), United States ($6.24B), United Kingdom ($3.56B), and Slovakia ($1.98B).
In 2020, China's main exporting competitors in Cars were:
In 2020, China's main importing competitors in Cars were:
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