HS Icon Small Sized Cars

870322 (Harmonized System 1992 for 6-digit)

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).

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.

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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.

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Historical Data

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Exporters and Importers

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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).

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Market Dynamics

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Trade by country

Value

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).

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Market Concentration

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Cumulative market share

Value

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.

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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).

Country Comparison

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Ranking

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.

Product Complexity

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Diversification Frontier

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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.