Cars in United States | The Observatory of Economic Complexity

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Exports In 2023, United States exported $65.3B in Cars, making it the 4th largest exporter of Cars in the world. At the same year, Cars was the 5th most exported product in United States. The main destination of Cars exports from United States are: Canada ($15.8B), Germany ($9B), China ($7.52B), Mexico ($4.46B), and United Arab Emirates ($3.08B).

The fastest growing export markets for Cars of United States between 2022 and 2023 were Mexico ($1.23B), Georgia ($1.03B), and United Arab Emirates ($511M).

Imports In 2023, United States imported $208B 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: Mexico ($44.9B), Japan ($40.9B), Canada ($35B), South Korea ($31.3B), and Germany ($24.3B).

The fastest growing import markets in Cars for United States between 2022 and 2023 were South Korea ($9B), Mexico ($8.58B), and Canada ($8.47B).

COMPANIES In 2023, leading companies such as Samsung (1.76k), Volkswagen (767), and IKEA Group (719) were at the forefront of shipping Cars to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Cars exports accounted up to $4.74B and imports accounted up to $18.8B, resulting in a negative trade balance of $14.1B. Between November 2023 and November 2024 the exports of United States' Cars have decreased by $-479M (-9.18%) from $5.22B to $4.74B, while imports increased by $246M (1.32%) from $18.6B to $18.8B.

Destinations In November 2024, Cars were exported mostly to Canada ($1.06B), Germany ($769M), Mexico ($442M), China ($304M), and United Arab Emirates ($295M), and were imported mostly from Mexico ($4.42B), Japan ($3.14B), South Korea ($2.71B), Germany ($2.63B), and Canada ($2.4B).

Growth In November 2024, the decrease in Cars's year-by-year exports was explained primarily by a decrease in exports to Chinese Taipei ($-85M or -77%), Ukraine ($-61.8M or -93.2%), and Germany ($-57.8M or -11%). In November 2024, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from Germany ($955M or 79.4%), Canada ($749M or 43.1%), and South Korea ($521M or 33.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)$-479M(-9.18%)

IMPORT GROWTH (November 2023 - November 2024)$246M(1.32%)

MAIN EXPORTER (November 2024)Alabama$1.1B

MAIN DESTINATION (November 2024)Canada$1.06B

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

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$65.3B

IMPORTS (2023)$208B

NET TRADE (2023)-$143B

In 2023, United States exported $65.3B in Cars. The main destinations of United States exports on Cars were Canada ($15.8B), Germany ($9B), China ($7.52B), Mexico ($4.46B), and United Arab Emirates ($3.08B).

In 2023, United States imported $208B in Cars, mainly from Mexico ($44.9B), Japan ($40.9B), Canada ($35B), South Korea ($31.3B), and Germany ($24.3B).

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