Medium Sized Cars870323 (Harmonized System 1992 for 6-digit)
2020 World Trade: $212B, Rnk 8 / 4613
2020 Top Exporter | Top Importer: $42.2B | $78.8B, Germany | United States
2020 Product Complexity: 1.18, Rnk 520 / 4783
2019 - 2020 Export Growth (CAGR): -24.1%, Rnk 3954 / 4613
2018 Mean Tariff: 22.9%, Rnk 350 / 6538
2020 Share of World Trade: 1.26%, Rnk 8 / 4613
Overview This page contains the latest trade data of Medium Sized Cars. In 2020, Medium Sized Cars were the world's 8th most traded product, with a total trade of $212B. Between 2019 and 2020 the exports of Medium Sized Cars decreased by -24.1%, from $279B to $212B. Trade in Medium Sized Cars represent 1.26% of total world trade.
Medium Sized Cars are a part of Cars.
Exports In 2020 the top exporters of Medium Sized Cars were Germany ($42.2B), Japan ($39.6B), Mexico ($24.7B), United States ($16B), and South Korea ($15.7B).
Imports In 2020 the top importers of Medium Sized Cars were United States ($78.8B), China ($27.2B), Germany ($12.4B), Canada ($11.1B), and Australia ($6.27B).
Tariffs In 2018 the average tariff for Medium Sized Cars was 22.9%, making it the 350th lowest tariff using the HS6 product classification.
Ranking Medium Sized Cars ranks 520th 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.
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): Germany, $42.2B
Top Destination (2020): United States, $78.8B
Medium Sized Cars are the world's 8th most traded product.
In 2020, the top exporters of Medium Sized Cars were Germany ($42.2B), Japan ($39.6B), Mexico ($24.7B), United States ($16B), and South Korea ($15.7B).
In 2020, the top importers of Medium Sized Cars were United States ($78.8B), China ($27.2B), Germany ($12.4B), Canada ($11.1B), and Australia ($6.27B).
Trade by country
Top Origin Growth (2019 - 2020): Saudi Arabia, $102M
Top Destination Growth (2019 - 2020): Turkey, $518M
Between 2019 and 2020, the exports of Medium Sized Cars grew the fastest in Saudi Arabia ($102M), Kazakhstan ($81.8M), Denmark ($73.6M), Uzbekistan ($26.1M), and Lebanon ($15.3M).
Between 2019 and 2020, the fastest growing importers of Medium Sized Cars were Turkey ($518M), Pakistan ($140M), Egypt ($126M), South Korea ($70M), and Ireland ($67.1M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Medium Sized Cars.
In 2020, market concentration measured using Shannon Entropy, was 3.89. This means that most of the exports of Medium Sized Cars are explained by 14 countries.
TOP NET EXPORTER (2020): Japan, $37.2B
TOP NET IMPORTER (2020): United States, $62.9B
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Medium Sized Cars were Japan ($37.2B), Germany ($29.8B), Mexico ($21.8B), South Korea ($10.9B), and Slovakia ($7.26B).
In 2020, the countries that had a largest trade value in imports than in exports of Medium Sized Cars were United States ($62.9B), China ($24.2B), Australia ($6.22B), Saudi Arabia ($4.16B), and Chinese Taipei ($3.07B).
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.
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.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.14 lamb