2019 Exports | Imports: $9.13B | $43.1B, World Rnk 18 / 221
Rnk 58 / 1216 | World Rnk 4 / 225 Rnk 5 / 1212
2019 Destination | Origin: $1.4B | $17B, United States | Germany
2018 - 2019 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $656M | $1.48B, Saudi Arabia | Japan
2019 ECONOMIC COMPLEXITY of China: 1.06, Rnk 29 / 157
2019 PRODUCT COMPLEXITY IN Cars: 0.84, Rnk 237 / 1029
Exports: In 2019, China exported $9.13B in Cars, making it the 18th largest exporter of Cars in the world. At the same year, Cars was the 58th most exported product in China. The main destination of Cars exports from China are: United States ($1.4B), Mexico ($960M), Saudi Arabia ($856M), Malaysia ($503M), and Chile ($469M).
The fastest growing export markets for Cars of China between 2018 and 2019 were Saudi Arabia ($656M), Malaysia ($443M), and Russia ($222M).
Imports: In 2019, China imported $43.1B in Cars, becoming the 4th largest importer of Cars in the world. At the same year, Cars was the 5th most imported product in China. China imports Cars primarily from: Germany ($17B), Japan ($7.51B), United States ($7.34B), United Kingdom ($3.54B), and Slovakia ($1.56B).
The fastest growing import markets in Cars for China between 2018 and 2019 were Japan ($1.48B), United States ($468M), and Thailand ($358M).
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 December 2020 China's Cars exports accounted up to $1.18B and imports accounted up to $6.02B, resulting in a negative trade balance of $4.84B. Between December 2019 and December 2020 the exports of China's Cars have increased by $324M (37.8%) from $857M to $1.18B, while imports increased by $2.21B (58%) from $3.81B to $6.02B.
Destinations: In December 2020 Cars exported mostly to United States ($199M), Saudi Arabia ($114M), Germany ($83.9M), United Kingdom ($78M), and Russia ($60.4M), and imported mostly from Germany ($1.94B), United States ($1.71B), Slovakia ($743M), Japan ($702M), and United Kingdom ($437M).
Growth: In December 2020, the increase in Cars's year-by-year exports was explained primarily by an increase in exports to United States ($120M or 154%), Germany ($57.6M or 219%), and Malaysia ($43.4M or 364%). In December 2020, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from Germany ($1.26B or 186%), United States ($618M or 56.7%), and Slovakia ($445M or 149%).
EXPORT GROWTH (December 2019 - December 2020): $324M, (37.8%)
IMPORT GROWTH (December 2019 - December 2020): $2.21B, (58%)
MAIN EXPORTER (December 2020): Shanghai Province, $260M
MAIN DESTINATION (December 2020): United States, $199M
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 (2019): $9.13B
IMPORTS (2019): $43.1B
NET TRADE (2019): -$34B
In 2019, China exported $9.13B in Cars. The main destinations of China exports on Cars were United States ($1.4B), Mexico ($960M), Saudi Arabia ($856M), Malaysia ($503M), and Chile ($469M).
In 2019, China imported $43.1B in Cars, mainly from Germany ($17B), Japan ($7.51B), United States ($7.34B), United Kingdom ($3.54B), and Slovakia ($1.56B).
IN 2019, China HAD A NEGATIVE NET TRADE IN Cars WITH:
THE FASTEST GROWING Cars EXPORT MARKETS FOR China WERE (2018 - 2019):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY China WERE (2018 - 2019):
In 2018, China's main exporting competitors in Cars were:
In 2018, China's main importing competitors in Cars were:
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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