HS Icon Medium Sized Cars

870323 (Harmonized System 1992 for 6-digit)

World Trade (2018): $290B, Rnk 5 / 4726

Top Exporter (2018): $63.5B, Germany

Top Importer (2018): $105B, United States

Product Complexity (2018): 1.3, Rnk 386 / 4873

Export Growth (CAGR)(2017 - 2018): 4.13%, Rnk 3430 / 4726

Mean Tariff (2018): 23.6%, Rnk 356 / 6538

Share of World Trade (2018): 1.58%, Rnk 5 / 4726

Overview: In 2018, Medium Sized Cars were the world's 5th most traded product, with a total trade of $290B. Between 2017 and 2018 the exports of Medium Sized Cars grew by 4.13%, from  $278B to $290B. Trade in Medium Sized Cars represent 1.58% of total world trade.

Exports: In 2018 the top exporters of Medium Sized Cars  were Germany ($63.5B), Japan ($51.6B), Mexico ($31.9B), South Korea ($19.7B), and United States ($17B).

Imports: In 2018 the top importers of Medium Sized Cars were United States ($105B), China ($31.3B), Germany ($16.7B), Canada ($14B), and United Kingdom ($9.9B).

Tariffs: In 2018 the average tariff for Medium Sized Cars was 23.6%, been the 356 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Medium Sized Cars are Maldives (167%), India (106%), Pakistan (91.7%), Iran (90%), and Nepal (80%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Laos (0%), and Singapore (0%).

Ranking: Medium Sized Cars ranks 386th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $63.5B

Top Destination (2018): United States, $105B

Medium Sized Cars are the world's 5th most traded product.

In 2018, the top exporters of Medium Sized Cars were Germany ($63.5B), Japan ($51.6B), Mexico ($31.9B), South Korea ($19.7B), and United States ($17B).

In 2018, the top importers of Medium Sized Cars were United States ($105B), China ($31.3B), Germany ($16.7B), Canada ($14B), and United Kingdom ($9.9B).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Mexico, $4.67B

Top Destination Growth (2017 - 2018): Germany, $3.29B

Between 2017 and 2018, the exports of Medium Sized Cars grew the fastest in Mexico ($4.67B), Slovakia ($4.29B), Germany ($3.96B), United Arab Emirates ($2.82B), and Belgium-Luxembourg ($2.1B).

Between 2017 and 2018, the fastest growing importers of Medium Sized Cars were Germany ($3.29B), United Kingdom ($2.21B), Russia ($1.96B), United States ($1.59B), and Spain ($967M).

Market Concentration

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Cumulative market share

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

In 2018,  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.

TOP NET EXPORTER (2018): Japan, $47.2B

TOP NET IMPORTER (2018): United States, $88.4B

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 2018.

In 2018, the countries that had a largest trade value in exports than imports of Medium Sized Cars were Japan ($47.2B), Germany ($46.8B), Mexico ($26.8B), South Korea ($15.3B), and Slovakia ($8.31B).

In 2018, the countries that had a largest trade value in imports than exports of Medium Sized Cars were United States ($88.4B), China ($27B), Australia ($8.86B), Russia ($4.31B), and Saudi Arabia ($3.8B).

Trade Forecasts

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This section shows forecasts for total trade for Medium 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 Medium Sized Cars was 23.6%.  The countries with the highest tariffs for importing Medium Sized Cars were Maldives (167%), India (106%), Pakistan (91.7%), Iran (90%), and Nepal (80%).

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