HS Icon Cars in  Flag United States

2019
Exports | Imports
: $56.9B | $178B, World Rnk 3 / 221
Flag Rnk 3 / 1217 | World Rnk 1 / 225
Flag Rnk 1 / 1215

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $3.44B | $3.42B, Belgium |  Mexico

2019
ECONOMIC COMPLEXITY of United States
: 1.59, Rnk 9 / 147

2019
PRODUCT COMPLEXITY  IN Cars
: 0.84, Rnk 237 / 1029

Exports: In 2019, United States exported $56.9B 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 ($13.9B), China ($7.34B), Germany ($6.84B), Belgium ($4.29B), and Mexico ($2.72B).

The fastest growing export markets for Cars of United States between 2018 and 2019 were Belgium ($3.44B), Germany ($1.2B), and China ($468M).

Imports: In 2019, United States imported $178B 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 ($39.2B), Mexico ($38.2B), Canada ($38.1B), Germany ($20.6B), and South Korea ($16.1B).

The fastest growing import markets in Cars for United States between 2018 and 2019 were Mexico ($3.42B), South Korea ($2.11B), and Sweden ($589M).

Tariffs: In 2018, the average tariff for United States in Cars was 1.87%. The countries with the highest import tariffs for Cars were Algeria (Most Favoured Nation duty rate treatement, 2.5%), Egypt (Most Favoured Nation duty rate treatement, 2.5%), Eritrea (Most Favoured Nation duty rate treatement, 2.5%), Western Sahara (Most Favoured Nation duty rate treatement, 2.5%), and Equatorial Guinea (Most Favoured Nation duty rate treatement, 2.5%).

Latest Trends (May 2021)

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Overview: In May 2021 United States' Cars exports accounted up to $5.06B and imports accounted up to $12.1B, resulting in a negative trade balance of $7.06B. Between May 2020 and May 2021 the exports of United States'   Cars have increased by $3.96B (362%) from $1.09B to $5.06B, while imports increased by $8.49B (234%) from $3.62B to $12.1B.

Destinations: In May 2021, Cars were exported mostly to Canada ($1.16B), China ($702M), Germany ($592M), Belgium ($493M), and Mexico ($264M), and were imported mostly from Mexico ($2.48B), Japan ($2.4B), South Korea ($1.72B), Germany ($1.51B), and Canada ($1.43B).

Growth: In May 2021, the increase in Cars's year-by-year exports was explained primarily by an increase in exports to Canada ($1.02B or 767%), China ($630M or 873%), and Germany ($473M or 396%). In May 2021, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from Mexico ($2.28B or 1.16k%), Germany ($1.25B or 475%), and Japan ($1.14B or 91.2%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (May 2020 - May 2021): $3.96B, (362%)

IMPORT GROWTH (May 2020 - May 2021): $8.49B, (234%)

MAIN EXPORTER (May 2021): South Carolina, $946M

MAIN DESTINATION (May 2021): Canada, $1.16B

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.

For full datasets download visit Bulk Download page.

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Historical Data

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Value

EXPORTS (2019): $56.9B

IMPORTS (2019): $178B

NET TRADE (2019): -$121B

In 2019, United States exported $56.9B in Cars. The main destinations of United States exports on Cars were Canada ($13.9B), China ($7.34B), Germany ($6.84B), Belgium ($4.29B), and Mexico ($2.72B).

In 2019, United States imported $178B in Cars, mainly from Japan ($39.2B), Mexico ($38.2B), Canada ($38.1B), Germany ($20.6B), and South Korea ($16.1B).

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IN 2019, United States HAD A POSITIVE NET TRADE IN Cars WITH:

IN 2019, United States HAD A NEGATIVE NET TRADE IN Cars WITH:

Flow

THE FASTEST GROWING Cars EXPORT MARKETS FOR United States WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY United States WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2018, United States's main exporting competitors in Cars were:

In 2018, United States's main importing competitors in Cars were:

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Tariffs by Country

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In 2018, the average tariff for United States in Cars was 1.87%.

The countries with the highest tariffs for Cars in United States were Algeria (Most Favoured Nation duty rate treatement, 2.5%), Egypt (Most Favoured Nation duty rate treatement, 2.5%), Eritrea (Most Favoured Nation duty rate treatement, 2.5%), Western Sahara (Most Favoured Nation duty rate treatement, 2.5%), and Equatorial Guinea (Most Favoured Nation duty rate treatement, 2.5%).