HS Icon Small Sized Cars

870322 (Harmonized System 1992 for 6-digit)

World Trade (2018): $114B, Rnk 14 / 4726

Top Exporter (2018): $14.6B, Germany

Top Importer (2018): $19.6B, United States

Product Complexity (2018): 0.45, Rnk 1793 / 4873

Export Growth (CAGR)(2017 - 2018): 13.5%, Rnk 2114 / 4726

Mean Tariff (2018): 20.9%, Rnk 552 / 6538

Share of World Trade (2018): 0.62%, Rnk 14 / 4726

Overview:  This page contains the latest trade data of Small Sized Cars. In 2018, Small Sized Cars were the world's 14th most traded product, with a total trade of $114B. Between 2017 and 2018 the exports of Small Sized Cars grew by 13.5%, from  $101B to $114B. Trade in Small Sized Cars represent 0.62% of total world trade.

Exports: In 2018 the top exporters of Small Sized Cars  were Germany ($14.6B), Mexico ($10.8B), Spain ($10.6B), Japan ($7.74B), and United Kingdom ($6.37B).

Imports: In 2018 the top importers of Small Sized Cars were United States ($19.6B), Germany ($13B), United Kingdom ($9.86B), France ($8.59B), and Belgium-Luxembourg ($5.98B).

Tariffs: In 2018 the average tariff for Small Sized Cars was 20.9%, been the 552 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Small Sized Cars are Maldives (167%), India (106%), Iran (90%), Nepal (80%), and Thailand (66.4%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Laos (0%), and Singapore (0%).

Ranking: Small Sized Cars ranks 1793rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $14.6B

Top Destination (2018): United States, $19.6B

Small Sized Cars are the world's 14th most traded product.

In 2018, the top exporters of Small Sized Cars were Germany ($14.6B), Mexico ($10.8B), Spain ($10.6B), Japan ($7.74B), and United Kingdom ($6.37B).

In 2018, the top importers of Small Sized Cars were United States ($19.6B), Germany ($13B), United Kingdom ($9.86B), France ($8.59B), and Belgium-Luxembourg ($5.98B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Japan, $2.21B

Top Destination Growth (2017 - 2018): United States, $3.74B

Between 2017 and 2018, the exports of Small Sized Cars grew the fastest in Japan ($2.21B), Belgium-Luxembourg ($2.02B), Mexico ($1.39B), Morocco ($1.21B), and Slovakia ($1.16B).

Between 2017 and 2018, the fastest growing importers of Small Sized Cars were United States ($3.74B), France ($1.8B), United Kingdom ($1.41B), Spain ($1.32B), and Germany ($1.1B).

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Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 4.48. This means that most of the exports of Small Sized Cars are explained by 22 countries.

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TOP NET EXPORTER (2018): Mexico, $7.53B

TOP NET IMPORTER (2018): United States, $17.3B

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Small Sized Cars were Mexico ($7.53B), Spain ($5.85B), South Korea ($5.67B), Japan ($5.66B), and Canada ($3.37B).

In 2018, the countries that had a largest trade value in imports than in exports of Small Sized Cars were United States ($17.3B), United Kingdom ($3.48B), Italy ($2.86B), France ($2.31B), and Australia ($1.65B).

Trade Forecasts

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This section shows forecasts for total trade for Small Sized Cars. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Small Sized Cars was 20.9%.  The countries with the highest tariffs for importing Small Sized Cars were Maldives (167%), India (106%), Iran (90%), Nepal (80%), and Thailand (66.4%).

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Product Complexity

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Diversification Frontier

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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.