HS Icon Micro Cars

870321 (Harmonized System 1992 for 6-digit)

World Trade (2019): $43.8B, Rnk 50 / 4648

Top Exporter (2019): $6.48B, Spain

Top Importer (2019): $7.01B, Germany

Product Complexity (2019): 0.6, Rnk 1478 / 4826

Export Growth (CAGR)(2018 - 2019): 7.11%, Rnk 600 / 4648

Mean Tariff (2018): 21.5%, Rnk 513 / 6538

Share of World Trade (2019): 0.24%, Rnk 50 / 4648

Overview:  This page contains the latest trade data of Micro Cars. In 2019, Micro Cars were the world's 50th most traded product, with a total trade of $43.8B. Between 2018 and 2019 the exports of Micro Cars grew by 7.11%, from  $40.9B to $43.8B. Trade in Micro Cars represent 0.24% of total world trade.

Exports: In 2019 the top exporters of Micro Cars  were Spain ($6.48B), Germany ($5.5B), Czechia ($4.96B), Turkey ($2.45B), and South Korea ($2.45B).

Imports: In 2019 the top importers of Micro Cars were Germany ($7.01B), France ($5.31B), United Kingdom ($4.32B), Italy ($3.89B), and Saudi Arabia ($2.34B).

Tariffs: In 2018 the average tariff for Micro Cars was 21.5%, making it the 513th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Micro Cars are Maldives (164%), India (106%), Iran (90%), Thailand (70%), and Vietnam (60.8%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Belarus (0%).

Ranking: Micro Cars ranks 1478th in the Product Complexity Index (PCI).

Description: A micro car is usually a very compact car that is cheaper to run and easier to park for individuals who live in big cities.

Exporters and Importers

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Trade By Country

Top Origin (2019): Spain, $6.48B

Top Destination (2019): Germany, $7.01B

Micro Cars are the world's 50th most traded product.

In 2019, the top exporters of Micro Cars were Spain ($6.48B), Germany ($5.5B), Czechia ($4.96B), Turkey ($2.45B), and South Korea ($2.45B).

In 2019, the top importers of Micro Cars were Germany ($7.01B), France ($5.31B), United Kingdom ($4.32B), Italy ($3.89B), and Saudi Arabia ($2.34B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Spain, $1.62B

Top Destination Growth (2018 - 2019): Saudi Arabia, $1.95B

Between 2018 and 2019, the exports of Micro Cars grew the fastest in Spain ($1.62B), Japan ($896M), Turkey ($587M), South Africa ($449M), and Italy ($359M).

Between 2018 and 2019, the fastest growing importers of Micro Cars were Saudi Arabia ($1.95B), Italy ($884M), Germany ($485M), France ($292M), and Belgium ($162M).

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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 Micro Cars.

In 2019,  market concentration measured using Shannon Entropy, was 4.32. This means that most of the exports of Micro Cars are explained by 20 countries.

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TOP NET EXPORTER (2019): Czechia, $4.65B

TOP NET IMPORTER (2019): United Kingdom, $3.8B

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

In 2019, the countries that had a largest trade value in exports than in imports of Micro Cars were Czechia ($4.65B), Spain ($4.28B), South Korea ($2.41B), Turkey ($2.28B), and Romania ($1.62B).

In 2019, the countries that had a largest trade value in imports than in exports of Micro Cars were United Kingdom ($3.8B), France ($3.4B), Italy ($2.98B), Saudi Arabia ($2.34B), and Netherlands ($1.71B).

Import Tariffs

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In 2018, the average tariff for importing Micro Cars was 21.5%.  The countries with the highest tariffs for importing Micro Cars were Maldives (164%), India (106%), Iran (90%), Thailand (70%), and Vietnam (60.8%).

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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.