HS Icon Small Sized Cars

870322 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $119B, Rnk 13 / 4648

2019
Top Exporter | Top Importer
: $14.8B | $20.2B, Germany | United States

2019
Product Complexity
: 0.38, Rnk 1933 / 4826

2018 - 2019
Export Growth (CAGR)
: 3.38%, Rnk 960 / 4648

2018
Mean Tariff
: 20.9%, Rnk 552 / 6538

 2019
Share of World Trade
: 0.66%, Rnk 13 / 4648

Overview:  This page contains the latest trade data of Small Sized Cars. In 2019, Small Sized Cars were the world's 13th most traded product, with a total trade of $119B. Between 2018 and 2019 the exports of Small Sized Cars grew by 3.38%, from  $115B to $119B. Trade in Small Sized Cars represent 0.66% of total world trade.

Exports: In 2019 the top exporters of Small Sized Cars  were Germany ($14.8B), Mexico ($11.4B), Spain ($11.4B), France ($6.88B), and United Kingdom ($6.33B).

Imports: In 2019 the top importers of Small Sized Cars were United States ($20.2B), Germany ($13.9B), United Kingdom ($10B), France ($9.58B), and Belgium ($6.37B).

Tariffs: In 2018 the average tariff for Small Sized Cars was 20.9%, making it the 552nd lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Small Sized Cars are Maldives (167%), India (106%), Iran (90%), Nepal (80%), and Thailand (66.4%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Laos (0%), and Singapore (0%).

Ranking: Small Sized Cars ranks 1933rd in the Product Complexity Index (PCI).

Description: Small sized cars, often called compact cars, are ideal for those with smaller families or those who do not have many passengers. They are also great for those who live in a city or other area where there are a lot of tight turns and other obstacles that might make for a difficult drive with a larger car. These cars are also usually cheaper to buy and maintain.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $14.8B

Top Destination (2019): United States, $20.2B

Small Sized Cars are the world's 13th most traded product.

In 2019, the top exporters of Small Sized Cars were Germany ($14.8B), Mexico ($11.4B), Spain ($11.4B), France ($6.88B), and United Kingdom ($6.33B).

In 2019, the top importers of Small Sized Cars were United States ($20.2B), Germany ($13.9B), United Kingdom ($10B), France ($9.58B), and Belgium ($6.37B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Hungary, $1.79B

Top Destination Growth (2018 - 2019): Italy, $1.02B

Between 2018 and 2019, the exports of Small Sized Cars grew the fastest in Hungary ($1.79B), Slovakia ($918M), Spain ($671M), Mexico ($638M), and France ($594M).

Between 2018 and 2019, the fastest growing importers of Small Sized Cars were Italy ($1.02B), Germany ($895M), France ($844M), United States ($578M), and Saudi Arabia ($571M).

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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 Small Sized Cars.

In 2019,  market concentration measured using Shannon Entropy, was 4.52. This means that most of the exports of Small Sized Cars are explained by 22 countries.

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TOP NET EXPORTER (2019): Mexico, $8.49B

TOP NET IMPORTER (2019): United States, $18.5B

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

In 2019, the countries that had a largest trade value in exports than in imports of Small Sized Cars were Mexico ($8.49B), Spain ($6.52B), South Korea ($5.37B), Canada ($4.35B), and Japan ($4.1B).

In 2019, the countries that had a largest trade value in imports than in exports of Small Sized Cars were United States ($18.5B), Italy ($3.96B), United Kingdom ($3.7B), France ($2.7B), and Australia ($1.73B).

Import Tariffs

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In 2018, the average tariff for importing Small Sized Cars was 20.9%.  The countries with the highest tariffs for importing Small Sized Cars were Maldives (167%), India (106%), Iran (90%), Nepal (80%), and Thailand (66.4%).

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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.