Cars in China

EXPORTS (2018): $8.79B, World Rnk 18 / 209
Flag Rnk 60 / 1218

TOP DESTINATION (2018): $2.22B, United States

FASTEST GROWING MARKET (2017 - 2018): $497M, Mexico

IMPORTS (2018): $45.2B, World Rnk 4 / 220
Flag Rnk 4 / 1216

TOP ORIGIN (2018): $17.1B, Germany

FASTEST GROWING ORIGIN (2017 - 2018): $3.51B, Germany

ECONOMIC COMPLEXITY of China (2018): 0.89, Rnk 30 / 137

Overview: This page contains the latest trade data of Cars in China.

Exports: In 2018, China exported $8.79B in Cars, making it the 18th largest exporter of Cars in the world. At the same year, Cars was the 60th most exported product in China. The main destination of Cars exports from China are: United States ($2.22B), Iran ($1.58B), Mexico ($974M), Chile ($437M), and Egypt ($247M).

The fastest growing export markets for Cars of China between 2017 and 2018 were Mexico ($497M), United States ($404M), and Egypt ($161M).

Imports: In 2018, China imported $45.2B in Cars, becoming the 4th largest importer of Cars in the world. At the same year, Cars was the 4th most imported product in China. China imports Cars primarily from: Germany ($17.1B), United States ($6.86B), Japan ($6.02B), United Kingdom ($4.74B), and United Arab Emirates ($3.14B).

The fastest growing import markets in Cars for China between 2017 and 2018 were Germany ($3.51B), United Arab Emirates ($3.14B), and Sweden ($491M).

Tariffs: In 2018, the average tariff for China in Cars was 24.6%. The countries with the highest import tariffs for Cars were Angola (25%), Burundi (25%), Benin (25%), Burkina Faso (25%), and Botswana (25%).

Overview: In August 2020 China's Cars exports accounted up to $599M and imports accounted up to $3.93B, resulting in a negative trade balance of $3.34B. Between August 2019 and August 2020 the exports of China's   Cars have decreased by $-172M (-22.3%) from $771M to $599M, while imports decreased by $-85.4M (-2.13%) from $4.02B to $3.93B.

Destinations: In August 2020 Cars exported mostly to United States ($68.5M), Saudi Arabia ($63.6M), Russia ($48.1M), Belgium ($39.4M), and Germany ($34.7M), and imported mostly from Germany ($1.42B), Japan ($748M), United States ($561M), Slovakia ($490M), and United Kingdom ($380M).

Growth: In August 2020, the decrease in Cars's year-by-year exports was explained primarily by a decrease in exports to Mexico ($-122M or -95.1%), Chile ($-28.8M or -74.7%), and Ecuador ($-25M or -88.5%). In August 2020, the decrease in Cars's year-by-year imports was explained primarily by a decrease in imports from Japan ($-156M or -17.3%), United States ($-111M or -16.5%), and Sweden ($-81.5M or -99.9%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (August 2019 - August 2020): $-172M, (-22.3%)

IMPORT GROWTH (August 2019 - August 2020): $-85.4M, (-2.13%)

MAIN EXPORTER (August 2020): Zhejiang Province, $169M

MAIN DESTINATION (August 2020): United States, $68.5M

This section shows Cars's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Cars over time.

Value

EXPORTS (2018): $8.79B

IMPORTS (2018): $45.2B

NET TRADE (2018): -$36.4B

In 2018, China exported $8.79B in Cars. The main destinations of China exports on Cars were United States ($2.22B), Iran ($1.58B), Mexico ($974M), Chile ($437M), and Egypt ($247M).

In 2018, China imported $45.2B in Cars, mainly from Germany ($17.1B), United States ($6.86B), Japan ($6.02B), United Kingdom ($4.74B), and United Arab Emirates ($3.14B).

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IN 2018, China HAD A POSITIVE NET TRADE IN Cars WITH:

  • Iran, $1.58B ($1.58B - $93.3k)
  • Chile, $437M ($437M - $85.2k)
  • Mexico, $279M ($974M - $695M)

IN 2018, China HAD A NEGATIVE NET TRADE IN Cars WITH:

  • Germany, -$17B ($125M - $17.1B)
  • Japan, -$5.98B ($35.7M - $6.02B)
  • United States, -$4.64B ($2.22B - $6.86B)
Flow

THE FASTEST GROWING Cars EXPORT MARKETS FOR China WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY China WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, China's main exporting competitors in Cars were:

In 2018, China's main importing competitors in Cars were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Cars in China. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for China in Cars was 24.6%.

The countries with the highest tariffs for Cars in China were Angola (25%), Burundi (25%), Benin (25%), Burkina Faso (25%), and Botswana (25%).

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