EXPORTS (2018): $51.4B, World Rnk 3 / 209
Rnk 3 / 1222
TOP DESTINATION (2018): $14.9B, Canada
FASTEST GROWING MARKET (2017 - 2018): $788M, United Kingdom
IMPORTS (2018): $177B, World Rnk 1 / 220 Rnk 1 / 1217
TOP ORIGIN (2018): $40.7B, Japan
FASTEST GROWING ORIGIN (2017 - 2018): $4.8B, Mexico
ECONOMIC COMPLEXITY of United States (2018): 1.57, Rnk 9 / 137
PRODUCT COMPLEXITY IN Cars (2018): 0.78, Rnk 249 / 1018
Exports: In 2018, United States exported $51.4B 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 ($14.9B), China ($6.86B), Germany ($5.63B), Mexico ($3.12B), and United Arab Emirates ($1.92B).
The fastest growing export markets for Cars of United States between 2017 and 2018 were United Kingdom ($788M), Canada ($242M), and United Arab Emirates ($202M).
Imports: In 2018, United States imported $177B 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 ($40.7B), Canada ($38.4B), Mexico ($34.8B), Germany ($21.7B), and South Korea ($14B).
The fastest growing import markets in Cars for United States between 2017 and 2018 were Mexico ($4.8B), India ($1.05B), and Austria ($950M).
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 (2.5%), Egypt (2.5%), Eritrea (2.5%), Western Sahara (2.5%), and Equatorial Guinea (2.5%).
Overview: In October 2020 United States' Cars exports accounted up to $4.87B and imports accounted up to $16.1B, resulting in a negative trade balance of $11.2B. Between October 2019 and October 2020 the exports of United States' Cars have decreased by $-297M (-5.75%) from $5.16B to $4.87B, while imports increased by $1.5B (10.3%) from $14.6B to $16.1B.
Destinations: In October 2020 Cars exported mostly to China ($971M), Canada ($893M), Germany ($797M), Belgium ($355M), and South Korea ($187M), and imported mostly from Japan ($3.66B), Mexico ($3.31B), Canada ($3.23B), South Korea ($1.8B), and Germany ($1.38B).
Growth: In October 2020, the decrease in Cars's year-by-year exports was explained primarily by a decrease in exports to Belgium ($-253M or -41.6%), Canada ($-195M or -17.9%), and Mexico ($-112M or -50.2%). In October 2020, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from Japan ($1.04B or 39.4%), South Korea ($568M or 46.1%), and Slovakia ($364M or 257%).
EXPORT GROWTH (October 2019 - October 2020): $-297M, (-5.75%)
IMPORT GROWTH (October 2019 - October 2020): $1.5B, (10.3%)
MAIN EXPORTER (October 2020): South Carolina, $1.02B
MAIN DESTINATION (October 2020): China, $971M
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.
EXPORTS (2018): $51.4B
IMPORTS (2018): $177B
NET TRADE (2018): -$125B
In 2018, United States exported $51.4B in Cars. The main destinations of United States exports on Cars were Canada ($14.9B), China ($6.86B), Germany ($5.63B), Mexico ($3.12B), and United Arab Emirates ($1.92B).
In 2018, United States imported $177B in Cars, mainly from Japan ($40.7B), Canada ($38.4B), Mexico ($34.8B), Germany ($21.7B), and South Korea ($14B).
IN 2018, United States HAD A POSITIVE NET TRADE IN Cars WITH:
IN 2018, United States HAD A NEGATIVE NET TRADE IN Cars WITH:
THE FASTEST GROWING Cars EXPORT MARKETS FOR United States WERE (2017 - 2018):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY United States WERE (2017 - 2018):
In 2018, United States's main exporting competitors in Cars were:
In 2018, United States's main importing competitors in Cars were:
This section shows forecasts for total exports and imports, for Cars in United States. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.
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 (2.5%), Egypt (2.5%), Eritrea (2.5%), Western Sahara (2.5%), and Equatorial Guinea (2.5%).
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