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.
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.
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).
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 2018, the average tariff for importing Cars was 22.8%. The countries with the highest tariffs for importing Cars were Maldives (111%), India (106%), Iran (90%), Thailand (71%), and Pakistan (70.7%).
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.