Electric motor Vehicles870380 (Harmonized System 2017 for 6-digit)
2021 World Trade: $60.8B, Rnk 49 / 5381
2021 Top Exporter | Top Importer: $15.6B | $8.43B, Germany | Germany
2021 Product Complexity: 1.56, Rnk 167 / 5381
2020 - 2021 Export Growth (CAGR): 76.4%, Rnk 217 / 5381
2018 Mean Tariff: 12%, Rnk 1727 / 6538
2021 Share of World Trade: 0.29%, Rnk 49 / 5381
Overview This page contains the latest trade data of Electric motor Vehicles. In 2021, Electric motor Vehicles were the world's 49th most traded product, with a total trade of $60.8B. Between 2020 and 2021 the exports of Electric motor Vehicles grew by 76.4%, from $34.4B to $60.8B. Trade in Electric motor Vehicles represent 0.29% of total world trade.
Electric motor Vehicles are a part of Motor cars and other motor vehicles; principally designed for the transport of....
Exports In 2021 the top exporters of Electric motor Vehicles were Germany ($15.6B), China ($7.23B), Belgium ($6.36B), South Korea ($5.58B), and United States ($5.12B).
Imports In 2021 the top importers of Electric motor Vehicles were Germany ($8.43B), United Kingdom ($7.42B), United States ($5.91B), Norway ($5.51B), and France ($4.41B).
Tariffs In 2018 the average tariff for Electric motor Vehicles was 12%, making it the 1727th lowest tariff using the HS6 product classification.
Ranking Electric motor Vehicles ranks 167th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Electric motor Vehicles. 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
Electric motor Vehicles are the world's 49th most traded product.
In 2021, the top exporters of Electric motor Vehicles were Germany ($15.6B), China ($7.23B), Belgium ($6.36B), South Korea ($5.58B), and United States ($5.12B).
In 2021, the top importers of Electric motor Vehicles were Germany ($8.43B), United Kingdom ($7.42B), United States ($5.91B), Norway ($5.51B), and France ($4.41B).
Trade by country
Top Origin Growth (2020 - 2021): Germany, $7.41B
Top Destination Growth (2020 - 2021): Germany, $3.85B
Between 2020 and 2021, the exports of Electric motor Vehicles grew the fastest in Germany ($7.41B), China ($5.77B), Mexico ($3.87B), Belgium ($2.43B), and South Korea ($1.74B).
Between 2020 and 2021, the fastest growing importers of Electric motor Vehicles were Germany ($3.85B), United States ($3.78B), United Kingdom ($3.04B), Norway ($2.59B), and France ($2.02B).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Electric motor Vehicles.
In 2021, market concentration measured using Shannon Entropy, was 3.6. This means that most of the exports of Electric motor Vehicles are explained by 12 countries.
TOP NET EXPORTER (2021): Germany, $7.14B
TOP NET IMPORTER (2021): United Kingdom, $5.77B
This map shows which countries export or import more of Electric motor Vehicles. Each country is colored based on the difference in exports and imports of Electric motor Vehicles during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Electric motor Vehicles were Germany ($7.14B), China ($6.49B), South Korea ($4.24B), Mexico ($3.8B), and Belgium ($2.51B).
In 2021, the countries that had a largest trade value in imports than in exports of Electric motor Vehicles were United Kingdom ($5.77B), Norway ($5.49B), Sweden ($2.48B), Canada ($2.4B), and France ($2B).
This visualization shows the countries that have an important ratio of their trade related to Electric motor Vehicles. It is possible to select the main countries that export or import Electric motor Vehicles 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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