HS Icon Cars

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)

Overview This page contains the latest trade data of Cars. In 2020, Cars were the world's 2nd most traded product, with a total trade of $645B. Between 2019 and 2020 the exports of Cars decreased by -16%, from $768B to $645B. Trade in Cars represent 3.85% of total world trade.

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

Exports In 2020 the top exporters of Cars  were Germany ($123B), Japan ($83.1B), United States ($47.6B), Mexico ($41.6B), and South Korea ($36.9B).

Imports In 2020 the top importers of Cars were United States ($144B), Germany ($68.9B), China ($42B), France ($35.5B), and United Kingdom ($32.8B).

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

The countries with the highest import tariffs for Cars are Maldives (111%), India (106%), and Iran (90%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking Cars ranks 214th 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.

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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

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Exporters and Importers

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Trade By Country

Top Origin (2020): Germany, $123B

Top Destination (2020): United States, $144B

Cars are the world's 2nd most traded product.

In 2020, the top exporters of Cars were Germany ($123B), Japan ($83.1B), United States ($47.6B), Mexico ($41.6B), and South Korea ($36.9B).

In 2020, the top importers of Cars were United States ($144B), Germany ($68.9B), China ($42B), France ($35.5B), and United Kingdom ($32.8B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Slovakia, $573M

Top Destination Growth (2019 - 2020): Turkey, $4.56B

Between 2019 and 2020, the exports of Cars grew the fastest in Slovakia ($573M), Saudi Arabia ($501M), Switzerland ($133M), Denmark ($115M), and Lebanon ($103M).

Between 2019 and 2020, the fastest growing importers of Cars were Turkey ($4.56B), South Korea ($1.64B), Nigeria ($1.45B), Egypt ($671M), and Chinese Taipei ($593M).

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Market Concentration

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Cumulative market share

Value

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

In 2020,  market concentration measured using Shannon Entropy, was 4.31. This means that most of the exports of Cars are explained by 19 countries.

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TOP NET EXPORTER (2020): Japan, $72.8B

TOP NET IMPORTER (2020): United States, $96.6B

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 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Cars were Japan ($72.8B), Germany ($53.6B), Mexico ($35.4B), South Korea ($25.1B), and Slovakia ($22B).

In 2020, the countries that had a largest trade value in imports than in exports of Cars were United States ($96.6B), China ($32.8B), France ($16.6B), Australia ($13.5B), and Saudi Arabia ($10.7B).

Disaggregation

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Value

In 2020, the world most traded Cars, disaggragated by their HS6 level were Medium Sized Cars ($212B), Other and Gas Turbine ($123B), Small Sized Cars ($89.5B), Medium Diesel Cars ($73.5B), and Large Sized Cars ($69.2B)

Country Comparison

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Flow
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.

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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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.