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Pricing

2022
Exports | Imports $57.5B | $159BWorld Rnk 3 / 210
Flag Rnk 4 / 1217
World Rnk 1 / 224
Flag Rnk 2 / 1216
2021 - 2022
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $2.85B | $7.25BCanada |  Mexico
2022
ECONOMIC COMPLEXITY of United States1.41Rnk 10 / 124
2022
PRODUCT COMPLEXITY IN Cars0.97Rnk 182 / 1025

About

Exports In 2022, United States exported $57.5B in Cars, making it the 3rd largest exporter of Cars in the world. At the same year, Cars was the 4th most exported product in United States. The main destination of Cars exports from United States are: Canada ($16.9B), Germany ($6.75B), China ($5.73B), South Korea ($3.81B), and Mexico ($3.35B).

The fastest growing export markets for Cars of United States between 2021 and 2022 were Canada ($2.85B), United Arab Emirates ($1.04B), and Mexico ($606M).

Imports In 2022, United States imported $159B in Cars, becoming the 1st largest importer of Cars in the world. At the same year, Cars was the 2nd most imported product in United States. United States imports Cars primarily from: Mexico ($34.1B), Japan ($32.9B), Canada ($27B), South Korea ($22.5B), and Germany ($17B).

The fastest growing import markets in Cars for United States between 2021 and 2022 were Mexico ($7.25B), South Korea ($4.91B), and Germany ($3.82B).

COMPANIES In 2023, leading companies such as SAMSUNG ELECTRONICS AMERICA (169k), IKEA SUPPLY AG (53.1k), and LG ELECTRONICS U.S.A. INC. (29.7k) were at the forefront of shipping Cars to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Cars exports accounted up to $4.26B and imports accounted up to $17.1B, resulting in a negative trade balance of $12.8B. Between January 2023 and January 2024 the exports of United States'   Cars have decreased by $-116M (-2.66%) from $4.38B to $4.26B, while imports increased by $2.49B (17%) from $14.6B to $17.1B.

Destinations In January 2024, Cars were exported mostly to Canada ($1.03B), Germany ($685M), China ($430M), United Arab Emirates ($256M), and Mexico ($245M), and were imported mostly from Japan ($3.66B), South Korea ($3.37B), Mexico ($3.36B), Canada ($2.52B), and Germany ($1.51B).

Growth In January 2024, the decrease in Cars's year-by-year exports was explained primarily by a decrease in exports to Taiwan ($-85M or -77%), Ukraine ($-61.8M or -93.2%), and Germany ($-57.8M or -11%). In January 2024, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from Germany ($955M or 79.4%), Canada ($749M or 43.1%), and South Korea ($521M or 33.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2023 - January 2024)$-116M(-2.66%)
IMPORT GROWTH (January 2023 - January 2024)$2.49B(17%)
MAIN EXPORTER (January 2024)South Carolina$845M
MAIN DESTINATION (January 2024)Canada$1.03B

This section shows Cars's exports and imports data at subnational level for United States. 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.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$57.5B
IMPORTS (2022)$159B
NET TRADE (2022)-$102B

In 2022, United States exported $57.5B in Cars. The main destinations of United States exports on Cars were Canada ($16.9B), Germany ($6.75B), China ($5.73B), South Korea ($3.81B), and Mexico ($3.35B).

In 2022, United States imported $159B in Cars, mainly from Mexico ($34.1B), Japan ($32.9B), Canada ($27B), South Korea ($22.5B), and Germany ($17B).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$2.85B (20.3%)
United Arab Emirates$1.04B (56.3%)
Mexico$606M (22.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY United States WERE (2021 - 2022):
China-$1.17B (-16.9%)
Nigeria-$1.07B (-64.8%)
Russia-$751M (-93.9%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Cars were:
Germany $149B
Japan $89B
In 2022, United States's main importing competitors in Cars were:
Germany $67.7B
China $45.8B

Explore Visualizations

Trade Value of Cars by Exporters

Keep Exploring

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