Cars in United States 2019 Exports | Imports : $56.9B | $178B, World Rnk 3 / 221 Rnk 3 / 1217 | World Rnk 1 / 225 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 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%).
September 2021
Overview In September 2021 United States' Cars exports accounted up to $4.27B and imports accounted up to $9.03B, resulting in a negative trade balance of $4.76B. Between September 2020 and September 2021 the exports of United States' Cars have decreased by $-129M (-2.93%) from $4.4B to $4.27B, while imports decreased by $-4.8B (-34.7%) from $13.8B to $9.03B.
Destinations In September 2021, Cars were exported mostly to Canada ($1.04B), Germany ($668M), China ($474M), Mexico ($201M), and United Arab Emirates ($200M), and were imported mostly from Mexico ($2.15B), Japan ($2.04B), Canada ($1.46B), South Korea ($1.45B), and Germany ($698M).
Growth In September 2021, the decrease in Cars's year-by-year exports was explained primarily by a decrease in exports to Germany ($-303M or -31.2%), Canada ($-69.8M or -6.29%), and United Kingdom ($-67.3M or -41.7%). In September 2021, the decrease in Cars's year-by-year imports was explained primarily by a decrease in imports from Canada ($-1.8B or -55.1%), Japan ($-952M or -31.8%), and Mexico ($-617M or -22.3%).
EXPORT GROWTH (September 2020 - September 2021): $-129M, (-2.93%)
IMPORT GROWTH (September 2020 - September 2021): $-4.8B, (-34.7%)
MAIN EXPORTER (September 2021): South Carolina, $953M
MAIN DESTINATION (September 2021): Canada, $1.04B
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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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).
IN 2019, United States HAD A POSITIVE NET TRADE IN Cars WITH:
IN 2019, United States HAD A NEGATIVE NET TRADE IN Cars WITH:
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):
In 2019, United States's main exporting competitors in Cars were:
In 2019, United States's main importing competitors in Cars were:
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%).