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870380 (Harmonized System 2017 for 6-digit)

2023
World Trade $150BRnk 16 / 5380
2023
Top Exporter | Top Importer $40.3B | $19.1BGermany | United States
2023
Product Complexity 1.46Rnk 237 / 5381
2022 - 2023
Export Growth (CAGR) 60.1%Rnk 87 / 5380
2023
Share of World Trade 0.66%Rnk 16 / 5380

About

Overview This page contains the latest trade data of Electric motor Vehicles. In 2023, Electric motor Vehicles were the world's 16th most traded product, with a total trade of $150B. Between 2022 and 2023 the exports of Electric motor Vehicles grew by 60.1%, from $93.6B to $150B. Trade in Electric motor Vehicles represent 0.66% of total world trade.

Electric motor Vehicles are a part of Motor cars and other motor vehicles; principally designed for the transport of....

Exports In 2023 the top exporters of Electric motor Vehicles  were Germany ($40.3B), China ($32.2B), South Korea ($13.7B), Belgium ($10.5B), and United States ($7.65B).

Imports In 2023 the top importers of Electric motor Vehicles were United States ($19.1B), Germany ($15B), United Kingdom ($14.6B), France ($10.4B), and Netherlands ($8.99B).

Ranking Electric motor Vehicles ranks 237th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Electric motor Vehicles. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Germany$40.3B
Top Destination (2023)United States$19.1B

In 2023 Electric motor Vehicles were the world's 16th most traded product (out of 5,380).

In 2023, the top exporters of Electric motor Vehicles were Germany ($40.3B), China ($32.2B), South Korea ($13.7B), Belgium ($10.5B), and United States ($7.65B).

In 2023, the top importers of Electric motor Vehicles were United States ($19.1B), Germany ($15B), United Kingdom ($14.6B), France ($10.4B), and Netherlands ($8.99B).

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Exporters of Electric motor Vehicles (2023)
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Importers of Electric motor Vehicles (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$13.8B
Top Destination Growth (2022 -  2023)United States$7.54B

Between 2022 and 2023, the exports of Electric motor Vehicles grew the fastest in China ($13.8B), Germany ($13.7B), South Korea ($5.54B), Japan ($5.05B), and Netherlands ($3.63B).

Between 2022 and 2023, the fastest growing importers of Electric motor Vehicles were United States ($7.54B), Netherlands ($5.14B), Germany ($5.05B), France ($4.52B), and United Kingdom ($4.04B).

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Exporters of Electric motor Vehicles (2022 - 2023)

Importers of Electric motor Vehicles (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electric motor Vehicles.

In 2023, market concentration measured using Shannon Entropy, was 3.46. This means that most of the exports of Electric motor Vehicles are explained by 11 countries.

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Value of Exports in Electric motor Vehicles

Net Trade

TOP NET EXPORTER (2023)China$30.1B
TOP NET IMPORTER (2023)United States$11.4B

This map shows which countries export or import more of Electric motor Vehicles. Each country is colored based on the difference in exports and imports of Electric motor Vehicles during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Electric motor Vehicles were China ($30.1B), Germany ($25.2B), South Korea ($11.5B), Japan ($5.14B), and Mexico ($4.9B).

In 2023, the countries that had a largest trade value in imports than in exports of Electric motor Vehicles were United States ($11.4B), United Kingdom ($11.3B), France ($7.23B), Canada ($6.42B), and Sweden ($4.43B).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Electric motor Vehicles.
It is possible to select the main countries that export or import Electric motor Vehicles in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Electric motor Vehicles by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2023)

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