HS Icon Cars in  Flag United States

2020
Exports | Imports
: $47.6B | $144B, World Rnk 3 / 210
Flag Rnk 3 / 1217 | World Rnk 1 / 224
Flag Rnk 1 / 1214

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $1.54B | $427M, Nigeria |  Slovakia


ECONOMIC COMPLEXITY of United States
: 1.56, Rnk 9 / 127


PRODUCT COMPLEXITY  IN Cars
: 0.95, Rnk 188 / 1028

Exports In 2020, United States exported $47.6B in Cars, making it the 3rd largest exporter of Cars in the world. At the same year, Cars was the 3rd most exported product in United States. The main destination of Cars exports from United States are: Canada ($10.6B), Germany ($6.46B), China ($6.24B), Belgium ($2.45B), and South Korea ($2.39B).

The fastest growing export markets for Cars of United States between 2019 and 2020 were Nigeria ($1.54B), South Korea ($537M), and Chinese Taipei ($137M).

Imports In 2020, United States imported $144B in Cars, becoming the 1st largest importer of Cars in the world. At the same year, Cars was the 1st most imported product in United States. United States imports Cars primarily from: Japan ($32.6B), Canada ($29.7B), Mexico ($29.1B), South Korea ($16.1B), and Germany ($15.1B).

The fastest growing import markets in Cars for United States between 2019 and 2020 were Slovakia ($427M), Sweden ($360M), and South Africa ($196M).

Tariffs In 2019, the average tariff for United States in Cars was 2.02%. The countries with the highest import tariffs for Cars were Burundi (Most Favoured Nation duty rate treatement, 2.5%), Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 2.5%), Algeria (Most Favoured Nation duty rate treatement, 2.5%), Egypt (Most Favoured Nation duty rate treatement, 2.5%), and Eritrea (Most Favoured Nation duty rate treatement, 2.5%).

January 2022

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (January 2021 - January 2022): $-101M, (-2.84%)

IMPORT GROWTH (January 2021 - January 2022): $-433M, (-3.4%)

MAIN EXPORTER (January 2022): Alabama, $590M

MAIN DESTINATION (January 2022): Canada, $891M

This section shows Cars's exports and imports data at subnational level for United States. 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

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EXPORTS (2020): $47.6B

IMPORTS (2020): $144B

NET TRADE (2020): -$96.6B

In 2020, United States exported $47.6B in Cars. The main destinations of United States exports on Cars were Canada ($10.6B), Germany ($6.46B), China ($6.24B), Belgium ($2.45B), and South Korea ($2.39B).

In 2020, United States imported $144B in Cars, mainly from Japan ($32.6B), Canada ($29.7B), Mexico ($29.1B), South Korea ($16.1B), and Germany ($15.1B).

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IN 2020, United States HAD A POSITIVE NET TRADE IN Cars WITH:

IN 2020, United States HAD A NEGATIVE NET TRADE IN Cars WITH:

Flow

THE FASTEST GROWING Cars EXPORT MARKETS FOR United States WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY United States WERE (2019 - 2020):

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Market Concentration

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Type

In 2019, United States's main exporting competitors in Cars were:

In 2019, United States's main importing competitors in Cars were:

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Tariffs by Country

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In 2019, the average tariff for United States in Cars was 2.02%.

The countries with the highest tariffs for Cars in United States were Burundi (Most Favoured Nation duty rate treatement, 2.5%), Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 2.5%), Algeria (Most Favoured Nation duty rate treatement, 2.5%), Egypt (Most Favoured Nation duty rate treatement, 2.5%), and Eritrea (Most Favoured Nation duty rate treatement, 2.5%).