HS Icon Large Sized Cars

870324 (Harmonized System 1992 for 6-digit)

World Trade (2018): $98.2B, Rnk 19 / 4726

Top Exporter (2018): $21.9B, Japan

Top Importer (2018): $39.7B, United States

Product Complexity (2018): 0.91, Rnk 933 / 4873

Export Growth (CAGR)(2017 - 2018): -0.66%, Rnk 3889 / 4726

Mean Tariff (2018): 24.1%, Rnk 287 / 6538

Share of World Trade (2018): 0.53%, Rnk 19 / 4726

Overview: In 2018, Large Sized Cars were the world's 19th most traded product, with a total trade of $98.2B. Between 2017 and 2018 the exports of Large Sized Cars decreased by -0.66%, from  $98.8B to $98.2B. Trade in Large Sized Cars represent 0.53% of total world trade.

Exports: In 2018 the top exporters of Large Sized Cars  were Japan ($21.9B), Canada ($19B), United States ($18B), Germany ($11.9B), and United Kingdom ($7.42B).

Imports: In 2018 the top importers of Large Sized Cars were United States ($39.7B), Canada ($9.99B), China ($7.79B), United Arab Emirates ($5.6B), and Germany ($3.17B).

Tariffs: In 2018 the average tariff for Large Sized Cars was 24.1%, been the 287 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Large Sized Cars are Maldives (167%), India (106%), Pakistan (100%), 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: Large Sized Cars ranks 933rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Japan, $21.9B

Top Destination (2018): United States, $39.7B

Large Sized Cars are the world's 19th most traded product.

In 2018, the top exporters of Large Sized Cars were Japan ($21.9B), Canada ($19B), United States ($18B), Germany ($11.9B), and United Kingdom ($7.42B).

In 2018, the top importers of Large Sized Cars were United States ($39.7B), Canada ($9.99B), China ($7.79B), United Arab Emirates ($5.6B), and Germany ($3.17B).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United Arab Emirates, $4.11B

Top Destination Growth (2017 - 2018): China, $1.81B

Between 2017 and 2018, the exports of Large Sized Cars grew the fastest in United Arab Emirates ($4.11B), South Africa ($627M), Italy ($394M), Austria ($325M), and Indonesia ($246M).

Between 2017 and 2018, the fastest growing importers of Large Sized Cars were China ($1.81B), United Arab Emirates ($1.38B), Germany ($610M), Iraq ($378M), and Saudi Arabia ($371M).

Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 3.26. This means that most of the exports of Large Sized Cars are explained by 9 countries.

TOP NET EXPORTER (2018): Japan, $20.1B

TOP NET IMPORTER (2018): United States, $21.8B

This map shows which countries export or import more of Large Sized Cars. Each country is colored based on the difference in exports and imports of Large Sized Cars during 2018.

In 2018, the countries that had a largest trade value in exports than imports of Large Sized Cars were Japan ($20.1B), Canada ($9.05B), Germany ($8.75B), United Kingdom ($5.82B), and Italy ($4.29B).

In 2018, the countries that had a largest trade value in imports than exports of Large Sized Cars were United States ($21.8B), China ($7.75B), Saudi Arabia ($2.95B), Australia ($2.06B), and Kuwait ($1.38B).

Trade Forecasts

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This section shows forecasts for total trade for Large 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 Large Sized Cars was 24.1%.  The countries with the highest tariffs for importing Large Sized Cars were Maldives (167%), India (106%), Pakistan (100%), Iran (90%), and Nepal (80%).

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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.