Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars

8703 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Cars. In 2021, Cars were the world's 4th most traded product, with a total trade of $723B. Between 2020 and 2021 the exports of Cars grew by 11.5%, from $648B to $723B. Trade in Cars represent 3.44% of total world trade.

Cars are a part of Cars, tractors, trucks & parts thereof.. They include Medium Sized Cars, Large Sized Cars, Medium Diesel Cars, Small Sized Cars, Large Diesel non chargeable Cars, Other and Gas Turbine , Micro Cars, Small Diesel Cars, and Snowmobiles, golf cars, similar vehicles.

Exports In 2021 the top exporters of Cars  were Germany ($135B), Japan ($88.6B), United States ($55.4B), South Korea ($44.7B), and Mexico ($41.5B).

Imports In 2021 the top importers of Cars were United States ($139B), Germany ($71.1B), China ($47.6B), France ($40.3B), and United Kingdom ($33.6B).

Tariffs In 2018 the average tariff for Cars was 22%, making it the 78th lowest tariff using the HS4 product classification.

Ranking Cars ranks 217th in the Product Complexity Index (PCI).

Description Motor cars and other motor vehicles are used to transport people. They can be made from a variety of materials, including steel, aluminum, and plastic.

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Cars. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Exporters and Importers

Top Origin (2021)Germany$135B
Top Destination (2021)United States$139B

In 2021 Cars were the world's 4th most traded product (out of 1,217).

In 2021, the top exporters of Cars were Germany ($135B), Japan ($88.6B), United States ($55.4B), South Korea ($44.7B), and Mexico ($41.5B).

In 2021, the top importers of Cars were United States ($139B), Germany ($71.1B), China ($47.6B), France ($40.3B), and United Kingdom ($33.6B).

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Exporters of Cars (2021)
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Importers of Cars (2021)
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Market Dynamics

Color
Top Origin Growth (2020 -  2021)China$15B
Top Destination Growth (2020 -  2021)Canada$5.39B

Between 2020 and 2021, the exports of Cars grew the fastest in China ($15B), Germany ($12.4B), South Korea ($7.78B), United States ($7.08B), and Japan ($5.78B).

Between 2020 and 2021, the fastest growing importers of Cars were Canada ($5.39B), Russia ($5.17B), Australia ($5.04B), China ($4.98B), and France ($4.85B).

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Exporters of Cars (2020 - 2021)

Importers of Cars (2020 - 2021)

Market Concentration

Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Cars.

In 2021, market concentration measured using Shannon Entropy, was 4.38. This means that most of the exports of Cars are explained by 20 countries.

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Value of Exports in Cars

Net Trade

TOP NET EXPORTER (2021)Japan$77.5B
TOP NET IMPORTER (2021)United States$83.7B

This map shows which countries export or import more of Cars. Each country is colored based on the difference in exports and imports of Cars during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Cars were Japan ($77.5B), Germany ($64B), Mexico ($33.5B), South Korea ($32.7B), and Slovakia ($23.8B).

In 2021, the countries that had a largest trade value in imports than in exports of Cars were United States ($83.7B), China ($22.4B), France ($19.6B), Australia ($18.6B), and Russia ($11.5B).

Net Trade (2021)

Disaggregation

Value

In 2021, the world most traded Cars, disaggragated by their HS6 level were Medium Sized Cars ($216B), Other and Gas Turbine ($194B), Small Sized Cars ($88.4B), Large Sized Cars ($82.4B), and Medium Diesel Cars ($65.8B)

HS6 Disaggregation for Cars (2021)
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Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Cars.
It is possible to select the main countries that export or import Cars in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Cars by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2021)

Country by Relatedness

The following visualization shows the relatedness of Cars to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2021)

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