2023
Exports
$74.5BWorld Rnk 3 / 210
Flag Rnk 6 / 1215
2023
PRODUCT COMPLEXITY IN Cars
0.9Rnk 206 / 1025
2023
Imports
$41.7BWorld Rnk 5 / 225
Flag Rnk 10 / 1214
2023
ECONOMIC COMPLEXITY of China
1.16Rnk 21 / 132

About

Exports In 2023, China exported $74.5B in Cars, making it the 3rd largest exporter of Cars in the world. At the same year, Cars was the 6th most exported product in China. The main destination of Cars exports from China are: Russia ($11.7B), United Kingdom ($5.77B), Mexico ($4.47B), Australia ($4.37B), and Germany ($4.26B).

The fastest growing export markets for Cars of China between 2022 and 2023 were Russia ($9.97B), Germany ($2.7B), and Mexico ($2.2B).

Imports In 2023, China imported $41.7B in Cars, becoming the 5th largest importer of Cars in the world. At the same year, Cars was the 10th most imported product in China. China imports Cars primarily from: Germany ($16.2B), United States ($7.52B), Japan ($7.39B), United Kingdom ($4.41B), and Slovakia ($2.07B).

The fastest growing import markets in Cars for China between 2022 and 2023 were United Kingdom ($192M), South Korea ($183M), and India ($41M).

COMPANIES In 2024, leading companies such as Nike (99), Goldensee Limited (77), and Tmall (40) were at the forefront of shipping Cars from China to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$1.04B(16.1%)
IMPORT GROWTH (December 2023 - December 2024)$-1.23B(-28.8%)
MAIN EXPORTER (December 2024)Shanghai Province$1.76B
MAIN DESTINATION (December 2024)Russia$1.38B

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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Historical Data

Trade Balance

Color
EXPORTS (2023)$74.5B
IMPORTS (2023)$41.7B
NET TRADE (2023)$32.8B

In 2023, China exported $74.5B in Cars. The main destinations of China exports on Cars were Russia ($11.7B), United Kingdom ($5.77B), Mexico ($4.47B), Australia ($4.37B), and Germany ($4.26B).

In 2023, China imported $41.7B in Cars, mainly from Germany ($16.2B), United States ($7.52B), Japan ($7.39B), United Kingdom ($4.41B), and Slovakia ($2.07B).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR China WERE (2022 - 2023):
Russia$9.97B (593%)
Germany$2.7B (172%)
Mexico$2.2B (97.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY China WERE (2022 - 2023):
Chile-$968M (-60.5%)
Norway-$408M (-31.4%)
Saudi Arabia-$305M (-10.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Cars were:
In 2023, China's main importing competitors in Cars were:

Explore Visualizations

Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.5B
TOP IMPORT POTENTIALJapan+ $3B

Cars’s highest export potential is United States. With an export gap of $2.5B.   Cars’s highest import potential is Japan with an import gap of $3B.

See methodology.

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