EXPORTS (2018): $8.79B, World Rnk 18 / 209
Rnk 60 / 1218
TOP DESTINATION (2018): $2.22B, United States
FASTEST GROWING MARKET (2017 - 2018): $497M, Mexico
IMPORTS (2018): $45.2B, World Rnk 4 / 220 Rnk 4 / 1216
TOP ORIGIN (2018): $17.1B, Germany
FASTEST GROWING ORIGIN (2017 - 2018): $3.51B, Germany
ECONOMIC COMPLEXITY of China (2018): 0.89, Rnk 30 / 137
PRODUCT COMPLEXITY IN Cars (2018): 0.78, Rnk 249 / 1018
Overview: This page contains the latest trade data of Cars in China.
Exports: In 2018, China exported $8.79B in Cars, making it the 18th largest exporter of Cars in the world. At the same year, Cars was the 60th most exported product in China. The main destination of Cars exports from China are: United States ($2.22B), Iran ($1.58B), Mexico ($974M), Chile ($437M), and Egypt ($247M).
The fastest growing export markets for Cars of China between 2017 and 2018 were Mexico ($497M), United States ($404M), and Egypt ($161M).
Imports: In 2018, China imported $45.2B in Cars, becoming the 4th 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 ($17.1B), United States ($6.86B), Japan ($6.02B), United Kingdom ($4.74B), and United Arab Emirates ($3.14B).
The fastest growing import markets in Cars for China between 2017 and 2018 were Germany ($3.51B), United Arab Emirates ($3.14B), and Sweden ($491M).
Tariffs: In 2018, the average tariff for China in Cars was 24.6%. The countries with the highest import tariffs for Cars were Angola (25%), Burundi (25%), Benin (25%), Burkina Faso (25%), and Botswana (25%).
Overview: In July 2020 China's Cars exports accounted up to $757M and imports accounted up to $3.08B, resulting in a negative trade balance of $2.32B. Between July 2019 and July 2020 the exports of China's Cars have decreased by $-12.5M (-1.63%) from $770M to $757M, while imports increased by $923M (42.8%) from $2.16B to $3.08B.
Destinations: In July 2020 Cars exported mostly to United States ($114M), Sweden ($64.7M), Norway ($55.1M), Saudi Arabia ($51.7M), and Germany ($38.6M), and imported mostly from Japan ($1.58B), Germany ($853M), United States ($739M), Slovakia ($240M), and Thailand ($125M).
Growth: In July 2020, the decrease in Cars's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-63.2M or -80.3%), Mexico ($-48.3M or -61.1%), and Chile ($-26.5M or -65.8%). In July 2020, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from United States ($506M or 217%), Japan ($454M or 40.5%), and Thailand ($96.1M or 336%).
EXPORT GROWTH (July 2019 - July 2020): $-12.5M, (-1.63%)
IMPORT GROWTH (July 2019 - July 2020): $923M, (42.8%)
MAIN EXPORTER (July 2020): Zhejiang Province, $205M
MAIN DESTINATION (July 2020): United States, $114M
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.
EXPORTS (2018): $8.79B
IMPORTS (2018): $45.2B
NET TRADE (2018): -$36.4B
In 2018, China exported $8.79B in Cars. The main destinations of China exports on Cars were United States ($2.22B), Iran ($1.58B), Mexico ($974M), Chile ($437M), and Egypt ($247M).
In 2018, China imported $45.2B in Cars, mainly from Germany ($17.1B), United States ($6.86B), Japan ($6.02B), United Kingdom ($4.74B), and United Arab Emirates ($3.14B).
THE FASTEST GROWING Cars EXPORT MARKETS FOR China WERE (2017 - 2018):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY China WERE (2017 - 2018):
In 2018, China's main exporting competitors in Cars were:
In 2018, China's main importing competitors in Cars were:
This section shows forecasts for total exports and imports, for Cars in China. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.
In 2018, the average tariff for China in Cars was 24.6%.
The countries with the highest tariffs for Cars in China were Angola (25%), Burundi (25%), Benin (25%), Burkina Faso (25%), and Botswana (25%).
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