Cars in China

EXPORTS (2019): $9.13B, World Rnk 18 / 221
Flag Rnk 58 / 1216

TOP DESTINATION (2019): $1.4B, United States

FASTEST GROWING MARKET (2018 - 2019): $656M, Saudi Arabia

IMPORTS (2019): $43.1B, World Rnk 4 / 225
Flag Rnk 5 / 1212

TOP ORIGIN (2019): $17B, Germany

FASTEST GROWING ORIGIN (2018 - 2019): $1.48B, Japan

ECONOMIC COMPLEXITY of China (2019): 1.06, Rnk 29 / 157

PRODUCT COMPLEXITY  IN Cars (2019): 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 October 2020 China's Cars exports accounted up to $873M and imports accounted up to $4.79B, resulting in a negative trade balance of $3.91B. Between October 2019 and October 2020 the exports of China's   Cars have increased by $170M (24.2%) from $702M to $873M, while imports increased by $2.39B (99.6%) from $2.4B to $4.79B.

Destinations: In October 2020 Cars exported mostly to Saudi Arabia ($117M), Russia ($73.4M), Australia ($58.9M), Malaysia ($55.2M), and United Kingdom ($49.3M), and imported mostly from Germany ($1.66B), Slovakia ($980M), Japan ($653M), United States ($625M), and United Kingdom ($411M).

Growth: In October 2020, the increase in Cars's year-by-year exports was explained primarily by an increase in exports to Saudi Arabia ($77.4M or 196%), Malaysia ($39.5M or 252%), and Russia ($39M or 113%). In October 2020, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from Germany ($1.24B or 300%), Slovakia ($796M or 432%), and United States ($315M or 102%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (October 2019 - October 2020): $170M, (24.2%)

IMPORT GROWTH (October 2019 - October 2020): $2.39B, (99.6%)

MAIN EXPORTER (October 2020): Shanghai Province, $248M

MAIN DESTINATION (October 2020): Saudi Arabia, $117M

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.

Value

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).

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IN 2019, China HAD A POSITIVE NET TRADE IN Cars WITH:

IN 2019, China HAD A NEGATIVE NET TRADE IN Cars WITH:

Flow

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):

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Market Concentration

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Flow
Type

In 2018, China's main exporting competitors in Cars were:

In 2018, China's main importing competitors in Cars were:

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Tariffs by Country

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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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