HS Icon Medium Sized Cars

870323 (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.

Exporters and Importers

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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).

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Market Dynamics

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Trade by country

Value

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).

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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 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.

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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).

Import Tariffs

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In 2018, the average tariff for importing Medium Sized Cars was 23.6%.  The countries with the highest tariffs for importing Medium Sized Cars were Maldives (167%), India (106%), Pakistan (91.7%), 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.