Cars8703 (Harmonized System 1992 for 4-digit)
2020 World Trade: $645B, Rnk 2 / 1217
2020 Top Exporter | Top Importer: $123B | $144B, Germany | United States
2020 Product Complexity: 0.88, Rnk 214 / 1028
2019 - 2020 Export Growth (CAGR): -16%, Rnk 933 / 1217
2018 Mean Tariff: 22%, Rnk 78 / 1259
2020 Share of World Trade: 3.85%, Rnk 2 / 1217
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 Cars, tractors, trucks & parts thereof.. 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.
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.
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.
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).
Trade by country
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).
Cumulative market share
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.
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).
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)
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.
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.
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