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870322 (Harmonized System 1992 for 6-digit)

2022
World Trade $102BRnk 21 / 4648
2022
Top Exporter | Top Importer $12.1B | $19.1BChina | United States
2022
Product Complexity 0.45Rnk 1727 / 4653
2021 - 2022
Export Growth (CAGR) 14.7%Rnk 1140 / 4648
2022
Share of World Trade 0.43%Rnk 21 / 4648

About

Overview This page contains the latest trade data of Small Sized Cars. In 2022, Small Sized Cars were the world's 21st most traded product, with a total trade of $102B. Between 2021 and 2022 the exports of Small Sized Cars grew by 14.7%, from $88.8B to $102B. Trade in Small Sized Cars represent 0.43% of total world trade.

Small Sized Cars are a part of Cars.

Exports In 2022 the top exporters of Small Sized Cars  were China ($12.1B), Mexico ($12B), Germany ($10.5B), Spain ($8.9B), and South Korea ($6.19B).

Imports In 2022 the top importers of Small Sized Cars were United States ($19.1B), France ($7.9B), Germany ($7.37B), United Kingdom ($6.79B), and Mexico ($3.69B).

Ranking Small Sized Cars ranks 1727th 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.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Small Sized 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 (2022)China$12.1B
Top Destination (2022)United States$19.1B

In 2022 Small Sized Cars were the world's 21st most traded product (out of 4,648).

In 2022, the top exporters of Small Sized Cars were China ($12.1B), Mexico ($12B), Germany ($10.5B), Spain ($8.9B), and South Korea ($6.19B).

In 2022, the top importers of Small Sized Cars were United States ($19.1B), France ($7.9B), Germany ($7.37B), United Kingdom ($6.79B), and Mexico ($3.69B).

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Exporters of Small Sized Cars (2022)
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Importers of Small Sized Cars (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$4.67B
Top Destination Growth (2021 -  2022)United States$4.78B

Between 2021 and 2022, the exports of Small Sized Cars grew the fastest in China ($4.67B), Mexico ($4.27B), Japan ($2.15B), South Korea ($994M), and Brazil ($882M).

Between 2021 and 2022, the fastest growing importers of Small Sized Cars were United States ($4.78B), Mexico ($1.47B), Saudi Arabia ($1.18B), United Kingdom ($1.09B), and Canada ($781M).

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Exporters of Small Sized Cars (2021 - 2022)

Importers of Small Sized Cars (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Small Sized Cars.

In 2022, market concentration measured using Shannon Entropy, was 4.47. This means that most of the exports of Small Sized Cars are explained by 22 countries.

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Value of Exports in Small Sized Cars

Net Trade

TOP NET EXPORTER (2022)China$11.2B
TOP NET IMPORTER (2022)United States$17.7B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Small Sized Cars were China ($11.2B), Mexico ($8.3B), Spain ($6.42B), South Korea ($5.96B), and Japan ($4.07B).

In 2022, the countries that had a largest trade value in imports than in exports of Small Sized Cars were United States ($17.7B), United Kingdom ($5.46B), France ($4.21B), Saudi Arabia ($3.02B), and Chile ($2.23B).

Net Trade (2022)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Small Sized 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 (2022)

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