Medium Sized Cars870323 (Harmonized System 1992 for 6-digit)
2019 World Trade: $281B, Rnk 6 / 4648
2019 Top Exporter | Top Importer: $59.6B | $103B, Germany | United States
2019 Product Complexity: 1.35, Rnk 326 / 4826
2018 - 2019 Export Growth (CAGR): -2.96%, Rnk 2203 / 4648
2018 Mean Tariff: 23.6%, Rnk 356 / 6538
2019 Share of World Trade: 1.55%, Rnk 6 / 4648
Overview: This page contains the latest trade data of Medium Sized Cars. In 2019, Medium Sized Cars were the world's 6th most traded product, with a total trade of $281B. Between 2018 and 2019 the exports of Medium Sized Cars decreased by -2.96%, from $290B to $281B. Trade in Medium Sized Cars represent 1.55% of total world trade.
Exports: In 2019 the top exporters of Medium Sized Cars were Germany ($59.6B), Japan ($52.4B), Mexico ($30.7B), United States ($20B), and South Korea ($19.7B).
Imports: In 2019 the top importers of Medium Sized Cars were United States ($103B), China ($29B), Germany ($16B), Canada ($14.4B), and United Kingdom ($10.3B).
Tariffs: In 2018 the average tariff for Medium Sized Cars was 23.6%, making it the 356th lowest tariff using the HS6 product classification.
The countries with the highest import tariffs for Medium Sized Cars are Maldives (167%), India (106%), Pakistan (91.7%), 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: Medium Sized Cars ranks 326th in the Product Complexity Index (PCI).
Description: Medium sized cars are commonly used for transporting people from one place to another. This is because they are usually used for recreational purposes, and people usually do not need to carry many bulky objects with them when they are using their car.
Trade By Country
Top Origin (2019): Germany, $59.6B
Top Destination (2019): United States, $103B
Medium Sized Cars are the world's 6th most traded product.
In 2019, the top exporters of Medium Sized Cars were Germany ($59.6B), Japan ($52.4B), Mexico ($30.7B), United States ($20B), and South Korea ($19.7B).
In 2019, the top importers of Medium Sized Cars were United States ($103B), China ($29B), Germany ($16B), Canada ($14.4B), and United Kingdom ($10.3B).
Trade by country
Top Origin Growth (2018 - 2019): United States, $2.87B
Top Destination Growth (2018 - 2019): Saudi Arabia, $928M
Between 2018 and 2019, the exports of Medium Sized Cars grew the fastest in United States ($2.87B), Belgium ($1.64B), Canada ($1.64B), Indonesia ($1.1B), and Japan ($674M).
Between 2018 and 2019, the fastest growing importers of Medium Sized Cars were Saudi Arabia ($928M), Oman ($727M), Italy ($583M), Canada ($433M), and United Kingdom ($394M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Medium Sized Cars.
In 2019, market concentration measured using Shannon Entropy, was 3.89. This means that most of the exports of Medium Sized Cars are explained by 14 countries.
TOP NET EXPORTER (2019): Japan, $48.5B
TOP NET IMPORTER (2019): United States, $83.5B
This map shows which countries export or import more of Medium Sized Cars. Each country is colored based on the difference in exports and imports of Medium Sized Cars during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Medium Sized Cars were Japan ($48.5B), Germany ($43.6B), Mexico ($25.8B), South Korea ($15B), and Slovakia ($8.34B).
In 2019, the countries that had a largest trade value in imports than in exports of Medium Sized Cars were United States ($83.5B), China ($25.4B), Australia ($7.55B), Saudi Arabia ($4.87B), and Russia ($4.46B).
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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