Cars8703 (Harmonized System 1992 for 4-digit)
World Trade (2018): $782B, Rnk 2 / 1225
Top Exporter (2018): $156B, Germany
Top Importer (2018): $177B, United States
Product Complexity (2018): 0.78, Rnk 249 / 1018
Export Growth (CAGR)(2017 - 2018): 4.68%, Rnk 980 / 1225
Mean Tariff (2018): 22.8%, Rnk 77 / 1259
Share of World Trade (2018): 4.25%, Rnk 2 / 1225
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).
Trade By Country
Top Origin (2018): Germany, $156B
Top Destination (2018): United States, $177B
Cars are the world's 2nd most traded product.
In 2018, the top exporters of Cars were Germany ($156B), Japan ($103B), United States ($51.4B), Mexico ($50.7B), and United Kingdom ($43.4B).
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).
Trade by country
Top Origin Growth (2017 - 2018): United Arab Emirates, $7.61B
Top Destination Growth (2017 - 2018): Germany, $8.69B
Between 2017 and 2018, the exports of Cars grew the fastest in United Arab Emirates ($7.61B), Belgium-Luxembourg ($6.19B), Slovakia ($5.81B), Mexico ($5.57B), and Austria ($3.52B).
Between 2017 and 2018, the fastest growing importers of Cars were Germany ($8.69B), France ($5.01B), United Kingdom ($2.95B), United Arab Emirates ($2.67B), and Russia ($2.5B).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Cars.
In 2018, market concentration measured using Shannon Entropy, was 4.29. This means that most of the exports of Cars are explained by 19 countries.
TOP NET EXPORTER (2018): Japan, $90.6B
TOP NET IMPORTER (2018): United States, $125B
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 2018.
In 2018, the countries that had a largest trade value in exports than imports of Cars were Japan ($90.6B), Germany ($87B), Mexico ($40.2B), South Korea ($27.4B), and Slovakia ($18.2B).
In 2018, the countries that had a largest trade value in imports than exports of Cars were United States ($125B), China ($36.4B), Australia ($17.8B), Italy ($15.2B), and France ($14.1B).
This section shows forecasts for total trade for Cars. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
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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