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.