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870321 (Harmonized System 1992 for 6-digit)

2023
World Trade $51.8BRnk 61 / 4644
2023
Top Exporter | Top Importer $6.53B | $6.12BSpain | Germany
2023
Product Complexity 0.49Rnk 1676 / 4656
2022 - 2023
Export Growth (CAGR) 14.4%Rnk 462 / 4644
2023
Share of World Trade 0.23%Rnk 61 / 4644

About

Overview This page contains the latest trade data of Micro Cars. In 2023, Micro Cars were the world's 61st most traded product, with a total trade of $51.8B. Between 2022 and 2023 the exports of Micro Cars grew by 14.4%, from $45.3B to $51.8B. Trade in Micro Cars represent 0.23% of total world trade.

Micro Cars are a part of Cars.

Exports In 2023 the top exporters of Micro Cars  were Spain ($6.53B), Romania ($4.96B), Czechia ($4.89B), Germany ($4.64B), and Morocco ($3.35B).

Imports In 2023 the top importers of Micro Cars were Germany ($6.12B), United Kingdom ($5.9B), Saudi Arabia ($5.48B), Italy ($4.86B), and France ($4.71B).

Ranking Micro Cars ranks 1676th 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.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Micro Cars. 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)Spain$6.53B
Top Destination (2023)Germany$6.12B

In 2023 Micro Cars were the world's 61st most traded product (out of 4,644).

In 2023, the top exporters of Micro Cars were Spain ($6.53B), Romania ($4.96B), Czechia ($4.89B), Germany ($4.64B), and Morocco ($3.35B).

In 2023, the top importers of Micro Cars were Germany ($6.12B), United Kingdom ($5.9B), Saudi Arabia ($5.48B), Italy ($4.86B), and France ($4.71B).

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Exporters of Micro Cars (2023)
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Importers of Micro Cars (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Romania$1.19B
Top Destination Growth (2022 -  2023)United Kingdom$1.59B

Between 2022 and 2023, the exports of Micro Cars grew the fastest in Romania ($1.19B), Germany ($1.11B), Morocco ($955M), South Korea ($874M), and Turkey ($574M).

Between 2022 and 2023, the fastest growing importers of Micro Cars were United Kingdom ($1.59B), Saudi Arabia ($1.28B), Germany ($1.26B), Turkey ($719M), and Mexico ($560M).

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Exporters of Micro Cars (2022 - 2023)

Importers of Micro Cars (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Micro Cars.

In 2023, market concentration measured using Shannon Entropy, was 4.41. This means that most of the exports of Micro Cars are explained by 21 countries.

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Value of Exports in Micro Cars

Net Trade

TOP NET EXPORTER (2023)Spain$4.58B
TOP NET IMPORTER (2023)Saudi Arabia$5.24B

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Micro Cars were Spain ($4.58B), Czechia ($4.57B), Romania ($4.51B), Morocco ($3.26B), and South Korea ($2.65B).

In 2023, the countries that had a largest trade value in imports than in exports of Micro Cars were Saudi Arabia ($5.24B), United Kingdom ($5.21B), Italy ($4.19B), France ($3.47B), and Netherlands ($1.5B).

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 Micro Cars.
It is possible to select the main countries that export or import Micro Cars in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Micro Cars 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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