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Pricing

2021
Exports | Imports $55.4B | $139BWorld Rnk 3 / 218
Flag Rnk 4 / 1216 | World Rnk 1 / 226
Flag Rnk 1 / 1215
2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $3.13B | $1.42BCanada |  South Korea
2021
ECONOMIC COMPLEXITY of United States1.46Rnk 10 / 131
2021
PRODUCT COMPLEXITY IN Cars0.88Rnk 214 / 1024

About

Exports In 2021, United States exported $55.4B in Cars, making it the 3rd largest exporter of Cars in the world. At the same year, Cars was the 4th most exported product in United States. The main destination of Cars exports from United States are: Canada ($13.8B), China ($6.89B), Germany ($6.64B), South Korea ($3.26B), and Mexico ($2.75B).

The fastest growing export markets for Cars of United States between 2020 and 2021 were Canada ($3.13B), Mexico ($1.05B), and South Korea ($870M).

Imports In 2021, United States imported $139B 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 ($32.9B), Mexico ($26.7B), Canada ($26.4B), South Korea ($17.6B), and Germany ($13.1B).

The fastest growing import markets in Cars for United States between 2020 and 2021 were South Korea ($1.42B), United Kingdom ($693M), and China ($633M).

Latest Trends

September 2023

About

Overview In September 2023 United States' Cars exports accounted up to $5.52B and imports accounted up to $17.9B, resulting in a negative trade balance of $12.4B. Between September 2022 and September 2023 the exports of United States'   Cars have increased by $490M (9.75%) from $5.03B to $5.52B, while imports increased by $4.68B (35.5%) from $13.2B to $17.9B.

Destinations In September 2023, Cars were exported mostly to Canada ($1.33B), Germany ($1.03B), Mexico ($440M), United Arab Emirates ($390M), and China ($375M), and were imported mostly from Mexico ($4.28B), Japan ($3.59B), Canada ($3.16B), South Korea ($2.86B), and Germany ($1.29B).

Growth In September 2023, the increase in Cars's year-by-year exports was explained primarily by an increase in exports to Germany ($97.9M or 22.9%), South Korea ($91.1M or 59.9%), and China ($62.8M or 19.6%). In September 2023, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from Japan ($225M or 7.47%), South Korea ($145M or 10.3%), and Finland ($92.4M or 176%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2022 - September 2023)$490M(9.75%)
IMPORT GROWTH (September 2022 - September 2023)$4.68B(35.5%)
MAIN EXPORTER (September 2023)Alabama$1.14B
MAIN DESTINATION (September 2023)Canada$1.33B

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

Trade Balance

Color
EXPORTS (2021)$55.4B
IMPORTS (2021)$139B
NET TRADE (2021)-$83.7B

In 2021, United States exported $55.4B in Cars. The main destinations of United States exports on Cars were Canada ($13.8B), China ($6.89B), Germany ($6.64B), South Korea ($3.26B), and Mexico ($2.75B).

In 2021, United States imported $139B in Cars, mainly from Japan ($32.9B), Mexico ($26.7B), Canada ($26.4B), South Korea ($17.6B), and Germany ($13.1B).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR United States WERE (2020 - 2021):
Canada$3.13B (29.4%)
Mexico$1.05B (61.5%)
South Korea$870M (36.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY United States WERE (2020 - 2021):
Belgium-$631M (-23.9%)
Nigeria-$595M (-26.5%)
United Kingdom-$349M (-39.1%)
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Change in Exports by Market (2020 - 2021)

Market Concentration

View
Flow
Type
In 2021, United States's main exporting competitors in Cars were:
Germany $135B
Japan $88.6B
In 2021, United States's main importing competitors in Cars were:
Germany $71.1B
China $47.6B

Explore Visualizations

Trade Value of Cars by Exporters

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