Cars8703 (Harmonized System 1992 for 4-digit)
World Trade (2019): $777B, Rnk 2 / 1217
Top Exporter (2019): $145B, Germany
Top Importer (2019): $178B, United States
Product Complexity (2019): 0.86, Rnk 203 / 961
Export Growth (CAGR)(2018 - 2019): -0.82%, Rnk 454 / 1217
Mean Tariff (2018): 22.8%, Rnk 77 / 1259
Share of World Trade (2019): 4.29%, Rnk 2 / 1217
Overview: This page contains the latest trade data of Cars. In 2019, Cars were the world's 2nd most traded product, with a total trade of $777B. Between 2018 and 2019 the exports of Cars decreased by -0.82%, from $784B to $777B. Trade in Cars represent 4.29% of total world trade.
Exports: In 2019 the top exporters of Cars were Germany ($145B), Japan ($103B), United States ($56.9B), Mexico ($53.1B), and Canada ($40.9B).
Imports: In 2019 the top importers of Cars were United States ($178B), Germany ($75B), United Kingdom ($47.3B), China ($43.1B), and France ($39.5B).
Tariffs: In 2018 the average tariff for Cars was 22.8%, making it the 77th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Cars are Maldives (111%), India (106%), Iran (90%), Thailand (71%), and Pakistan (70.7%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).
Ranking: Cars ranks 203rd in the Product Complexity Index (PCI).
Description: Motor cars and other motor vehicles are used to transport people. They can be made from a variety of materials, including steel, aluminum, and plastic.
Trade By Country
Top Origin (2019): Germany, $145B
Top Destination (2019): United States, $178B
Cars are the world's 2nd most traded product.
In 2019, the top exporters of Cars were Germany ($145B), Japan ($103B), United States ($56.9B), Mexico ($53.1B), and Canada ($40.9B).
In 2019, the top importers of Cars were United States ($178B), Germany ($75B), United Kingdom ($47.3B), China ($43.1B), and France ($39.5B).
Trade by country
Top Origin Growth (2018 - 2019): United States, $5.37B
Top Destination Growth (2018 - 2019): Germany, $6.56B
Between 2018 and 2019, the exports of Cars grew the fastest in United States ($5.37B), Belgium ($3.62B), Slovakia ($2.3B), South Korea ($2.2B), and Mexico ($1.79B).
Between 2018 and 2019, the fastest growing importers of Cars were Germany ($6.56B), Saudi Arabia ($3.56B), Belgium ($2.56B), Netherlands ($1.27B), and Oman ($1.06B).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Cars.
In 2019, market concentration measured using Shannon Entropy, was 4.3. This means that most of the exports of Cars are explained by 19 countries.
TOP NET EXPORTER (2019): Japan, $91.5B
TOP NET IMPORTER (2019): United States, $121B
This map shows which countries export or import more of Cars. Each country is colored based on the difference in exports and imports of Cars during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Cars were Japan ($91.5B), Germany ($70B), Mexico ($43.3B), South Korea ($30.7B), and Slovakia ($20.5B).
In 2019, the countries that had a largest trade value in imports than in exports of Cars were United States ($121B), China ($34B), Australia ($15.6B), France ($15B), and Italy ($14.4B).
In 2019, the world most traded Cars, disaggragated by their HS6 level were Medium Sized Cars ($281B), Small Sized Cars ($119B), Medium Diesel Engine Cars ($105B), Large Sized Cars ($90.9B), and Other Vehicles Including Gas Turbine Powered ($84.2B)
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.
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