Cars in China 2019 Exports | Imports : $9.13B | $43.1B, World Rnk 18 / 221 Rnk 58 / 1216 | World Rnk 4 / 225 Rnk 5 / 1212
2018 - 2019 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $656M | $1.48B, Saudi Arabia | Japan
2019 ECONOMIC COMPLEXITY of China: 1, Rnk 30 / 147
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 (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%).
July 2021
Overview In July 2021 China's Cars exports accounted up to $2.15B and imports accounted up to $4.44B, resulting in a negative trade balance of $2.3B. Between July 2020 and July 2021 the exports of China's Cars have increased by $1.39B (183%) from $757M to $2.15B, while imports increased by $1.36B (44.3%) from $3.08B to $4.44B.
Destinations In July 2021, Cars were exported mostly to Belgium ($458M), United Kingdom ($178M), United States ($158M), Russia ($119M), and Saudi Arabia ($114M), and were imported mostly from Germany ($1.16B), United States ($1.1B), Japan ($903M), Slovakia ($417M), and United Kingdom ($385M).
Growth In July 2021, the increase in Cars's year-by-year exports was explained primarily by an increase in exports to Belgium ($442M or 2.83k%), United Kingdom ($131M or 285%), and Russia ($84.2M or 241%). In July 2021, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from United States ($451M or 69.9%), United Kingdom ($317M or 467%), and Germany ($248M or 27%).
EXPORT GROWTH (July 2020 - July 2021): $1.39B, (183%)
IMPORT GROWTH (July 2020 - July 2021): $1.36B, (44.3%)
MAIN EXPORTER (July 2021): Shanghai Province, $889M
MAIN DESTINATION (July 2021): Belgium, $458M
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 (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 2019, China's main exporting competitors in Cars were:
In 2019, 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 (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%).