Small Sized Cars870322 (Harmonized System 1992 for 6-digit)
2020 World Trade: $89.5B, Rnk 15 / 4613
2020 Top Exporter | Top Importer: $12.7B | $18.1B, Germany | United States
2020 Product Complexity: 0.27, Rnk 2084 / 4783
2019 - 2020 Export Growth (CAGR): -22.8%, Rnk 3868 / 4613
2018 Mean Tariff: 20.3%, Rnk 550 / 6538
2020 Share of World Trade: 0.53%, Rnk 15 / 4613
Overview This page contains the latest trade data of Small Sized Cars. In 2020, Small Sized Cars were the world's 15th most traded product, with a total trade of $89.5B. Between 2019 and 2020 the exports of Small Sized Cars decreased by -22.8%, from $116B to $89.5B. Trade in Small Sized Cars represent 0.53% of total world trade.
Small Sized Cars are a part of Cars.
Exports In 2020 the top exporters of Small Sized Cars were Germany ($12.7B), Spain ($10.1B), Mexico ($8.88B), Canada ($5.72B), and South Korea ($5.26B).
Imports In 2020 the top importers of Small Sized Cars were United States ($18.1B), Germany ($10.5B), France ($8.34B), United Kingdom ($6.18B), and Italy ($3.58B).
Tariffs In 2018 the average tariff for Small Sized Cars was 20.3%, making it the 550th lowest tariff using the HS6 product classification.
Ranking Small Sized Cars ranks 2084th in the Product Complexity Index (PCI).
Description Small sized cars, often called compact cars, are ideal for those with smaller families or those who do not have many passengers. They are also great for those who live in a city or other area where there are a lot of tight turns and other obstacles that might make for a difficult drive with a larger car. These cars are also usually cheaper to buy and maintain.
The following visualization shows the latest trends on Small 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, $12.7B
Top Destination (2020): United States, $18.1B
Small Sized Cars are the world's 15th most traded product.
In 2020, the top exporters of Small Sized Cars were Germany ($12.7B), Spain ($10.1B), Mexico ($8.88B), Canada ($5.72B), and South Korea ($5.26B).
In 2020, the top importers of Small Sized Cars were United States ($18.1B), Germany ($10.5B), France ($8.34B), United Kingdom ($6.18B), and Italy ($3.58B).
Trade by country
Top Origin Growth (2019 - 2020): United Arab Emirates, $195M
Top Destination Growth (2019 - 2020): Turkey, $1.74B
Between 2019 and 2020, the exports of Small Sized Cars grew the fastest in United Arab Emirates ($195M), Belarus ($71.3M), Romania ($60.3M), Switzerland ($58M), and Saudi Arabia ($40M).
Between 2019 and 2020, the fastest growing importers of Small Sized Cars were Turkey ($1.74B), Egypt ($405M), Oman ($167M), Chinese Taipei ($115M), and South Korea ($90.5M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Small Sized Cars.
In 2020, market concentration measured using Shannon Entropy, was 4.46. This means that most of the exports of Small Sized Cars are explained by 22 countries.
TOP NET EXPORTER (2020): Spain, $7.86B
TOP NET IMPORTER (2020): United States, $17.1B
This map shows which countries export or import more of Small Sized Cars. Each country is colored based on the difference in exports and imports of Small Sized Cars during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Small Sized Cars were Spain ($7.86B), Mexico ($7.06B), South Korea ($4.92B), Canada ($4.78B), and Slovakia ($3.73B).
In 2020, the countries that had a largest trade value in imports than in exports of Small Sized Cars were United States ($17.1B), France ($5.22B), United Kingdom ($2.35B), Belgium ($1.78B), and Italy ($1.75B).
This visualization shows the countries that have an important ratio of their trade related to Small Sized Cars. It is possible to select the main countries that export or import Small 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