HS Icon Large Sized Cars

870324 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $90.9B, Rnk 21 / 4648

2019
Top Exporter | Top Importer
: $18.7B | $38.1B, Japan | United States

2019
Product Complexity
: 0.81, Rnk 1083 / 4826

2018 - 2019
Export Growth (CAGR)
: -7.59%, Rnk 3076 / 4648

2018
Mean Tariff
: 24.1%, Rnk 287 / 6538

 2019
Share of World Trade
: 0.5%, Rnk 21 / 4648

Overview:  This page contains the latest trade data of Large Sized Cars. In 2019, Large Sized Cars were the world's 21st most traded product, with a total trade of $90.9B. Between 2018 and 2019 the exports of Large Sized Cars decreased by -7.59%, from  $98.4B to $90.9B. Trade in Large Sized Cars represent 0.5% of total world trade.

Exports: In 2019 the top exporters of Large Sized Cars  were Japan ($18.7B), Canada ($15.9B), United States ($15.2B), Germany ($9.75B), and United Kingdom ($9.1B).

Imports: In 2019 the top importers of Large Sized Cars were United States ($38.1B), Canada ($8.73B), China ($4.73B), United Arab Emirates ($4.29B), and Germany ($3.32B).

Tariffs: In 2018 the average tariff for Large Sized Cars was 24.1%, making it the 287th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Large Sized Cars are Maldives (167%), India (106%), Pakistan (100%), Iran (90%), and Nepal (80%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Laos (0%), and Singapore (0%).

Ranking: Large Sized Cars ranks 1083rd in the Product Complexity Index (PCI).

Description: Large sized cars are larger than a compact car and are used as family vehicles. They can be used for transporting large amounts of cargo and often have a higher price than a compact car.

Exporters and Importers

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Trade By Country

Top Origin (2019): Japan, $18.7B

Top Destination (2019): United States, $38.1B

Large Sized Cars are the world's 21st most traded product.

In 2019, the top exporters of Large Sized Cars were Japan ($18.7B), Canada ($15.9B), United States ($15.2B), Germany ($9.75B), and United Kingdom ($9.1B).

In 2019, the top importers of Large Sized Cars were United States ($38.1B), Canada ($8.73B), China ($4.73B), United Arab Emirates ($4.29B), and Germany ($3.32B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United Kingdom, $1.67B

Top Destination Growth (2018 - 2019): Iraq, $493M

Between 2018 and 2019, the exports of Large Sized Cars grew the fastest in United Kingdom ($1.67B), Mexico ($1.47B), South Korea ($1.19B), Austria ($679M), and Italy ($506M).

Between 2018 and 2019, the fastest growing importers of Large Sized Cars were Iraq ($493M), Oman ($280M), Japan ($202M), Spain ($178M), and Germany ($171M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Large Sized Cars.

In 2019,  market concentration measured using Shannon Entropy, was 3.41. This means that most of the exports of Large Sized Cars are explained by 10 countries.

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TOP NET EXPORTER (2019): Japan, $16.6B

TOP NET IMPORTER (2019): United States, $23B

This map shows which countries export or import more of Large Sized Cars. Each country is colored based on the difference in exports and imports of Large Sized Cars during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Large Sized Cars were Japan ($16.6B), United Kingdom ($7.65B), Canada ($7.14B), Germany ($6.43B), and Italy ($4.81B).

In 2019, the countries that had a largest trade value in imports than in exports of Large Sized Cars were United States ($23B), China ($4.64B), Saudi Arabia ($3.1B), Australia ($1.56B), and Kuwait ($1.45B).

Import Tariffs

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In 2018, the average tariff for importing Large Sized Cars was 24.1%.  The countries with the highest tariffs for importing Large Sized Cars were Maldives (167%), India (106%), Pakistan (100%), Iran (90%), and Nepal (80%).

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Product Complexity

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Diversification Frontier

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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.