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870323 (Harmonized System 1992 for 6-digit)

2023
World Trade $264BRnk 8 / 4644
2023
Top Exporter | Top Importer $50.7B | $94.6BGermany | United States
2023
Product Complexity 1.11Rnk 620 / 4656
2022 - 2023
Export Growth (CAGR) 13.4%Rnk 493 / 4644
2023
Share of World Trade 1.17%Rnk 8 / 4644

About

Overview This page contains the latest trade data of Medium Sized Cars. In 2023, Medium Sized Cars were the world's 8th most traded product, with a total trade of $264B. Between 2022 and 2023 the exports of Medium Sized Cars grew by 13.4%, from $233B to $264B. Trade in Medium Sized Cars represent 1.17% of total world trade.

Medium Sized Cars are a part of Cars.

Exports In 2023 the top exporters of Medium Sized Cars  were Germany ($50.7B), Japan ($43.1B), Mexico ($32.3B), United States ($22B), and Canada ($17.6B).

Imports In 2023 the top importers of Medium Sized Cars were United States ($94.6B), China ($25.6B), Canada ($14.6B), Germany ($11.5B), and United Arab Emirates ($10.1B).

Ranking Medium Sized Cars ranks 620th in the Product Complexity Index (PCI).

Description Medium sized cars are commonly used for transporting people from one place to another. This is because they are usually used for recreational purposes, and people usually do not need to carry many bulky objects with them when they are using their car.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Medium Sized 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.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Germany$50.7B
Top Destination (2023)United States$94.6B

In 2023 Medium Sized Cars were the world's 8th most traded product (out of 4,644).

In 2023, the top exporters of Medium Sized Cars were Germany ($50.7B), Japan ($43.1B), Mexico ($32.3B), United States ($22B), and Canada ($17.6B).

In 2023, the top importers of Medium Sized Cars were United States ($94.6B), China ($25.6B), Canada ($14.6B), Germany ($11.5B), and United Arab Emirates ($10.1B).

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Exporters of Medium Sized Cars (2023)
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Importers of Medium Sized Cars (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$8.92B
Top Destination Growth (2022 -  2023)United States$12.4B

Between 2022 and 2023, the exports of Medium Sized Cars grew the fastest in China ($8.92B), Mexico ($6.74B), Canada ($5.61B), Germany ($4.42B), and United States ($2.01B).

Between 2022 and 2023, the fastest growing importers of Medium Sized Cars were United States ($12.4B), Russia ($4.15B), United Arab Emirates ($2.5B), Germany ($2.17B), and Canada ($1.76B).

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Exporters of Medium Sized Cars (2022 - 2023)

Importers of Medium Sized Cars (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.92. This means that most of the exports of Medium Sized Cars are explained by 15 countries.

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Value of Exports in Medium Sized Cars

Net Trade

TOP NET EXPORTER (2023)Japan$40B
TOP NET IMPORTER (2023)United States$72.6B

This map shows which countries export or import more of Medium Sized Cars. Each country is colored based on the difference in exports and imports of Medium Sized Cars during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Medium Sized Cars were Japan ($40B), Germany ($39.2B), Mexico ($26.4B), South Korea ($11.6B), and Slovakia ($8.61B).

In 2023, the countries that had a largest trade value in imports than in exports of Medium Sized Cars were United States ($72.6B), China ($10.3B), Australia ($8.74B), United Arab Emirates ($7.18B), and Russia ($6.5B).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Medium Sized 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 (2023)

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