Overview: In 2018, Cars were the world's 2nd most traded product, with a total trade of $782B. Between 2017 and 2018 the exports of Cars grew by 4.68%, from $747B to $782B. Trade in Cars represent 4.25% of total world trade.
Exports: In 2018 the top exporters of Cars were Germany ($156B), Japan ($103B), United States ($51.4B), Mexico ($50.7B), and United Kingdom ($43.4B).
Imports: In 2018 the top importers of Cars were United States ($177B), Germany ($68.7B), United Kingdom ($48.5B), China ($45.2B), and France ($40.1B).
Tariffs: In 2018 the average tariff for Cars was 22.8%, been the 77 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 249th in the Product Complexity Index (PCI).