Analysis and Studies - Products analysis
Cars: an overview
January 15th 2024
A car, or an automobile, is a motor vehicle with wheels. Most definitions of cars state that they run primarily on roads, seat one to eight people, have four wheels, and mainly transport people, not cargo. French inventor Nicolas-Joseph Cugnot built the first steam-powered road vehicle in 1769, while French-born Swiss inventor François Isaac de Rivaz designed and constructed the first internal combustion-powered automobile in 1808.
About Industry
The automotive industry designs, develops, manufactures, markets, and sells the world's motor vehicles, more than three-quarters of which are cars. In 2020, there were 56 million cars manufactured worldwide, down from 67 million the previous year.
The automotive industry in China produces by far the most (20 million in 2020), followed by Japan (seven million), then Germany, South Korea and India. The largest market is China, followed by the US.
In 2021, Cars were the world's 4th most traded product, with a total trade of $723B. Between 2020 and 2021 the exports of Cars grew by 11.5%, from $648B to $723B. Trade in Cars represent 3.44% of total world trade.
Cars are a part of Cars, tractors, trucks & parts thereof. They include Medium Sized Cars, Large Sized Cars, Medium Diesel Cars, Small Sized Cars, Large Diesel non chargeable Cars, Other and Gas Turbine , Micro Cars, Small Diesel Cars, and Snowmobiles, golf cars, similar vehicles.
Concerning Exports
In 2021 the top exporters of Cars were Germany, with a substantial export value of $135 billion, Japan, which contributed significantly with exports worth $88.6 billion, United States, whose exports amounted to $55.4 billion, South Korea and Mexico with exports valued at $44.7 billion and $41.5 billion, respectively.
Concerning Imports
In 2021 the top importers of Cars were United States, whose imports amounted to $139 billion, Germany, which contributed significantly with imports worth $71.1 billion, China, with a substantial import value of $47.6 billion, France and United Kingdom with imports valued at $40.3 billion and $33.6 billion, respectively.
In 2018 the average tariff for Cars was 22%, making it the 78th lowest tariff using the HS4 product classification.
Fonti:
https://oec.world/en
https://data.worldbank.org/
https://www.trademap.org/