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Official data Source: US Census Bureau international trade data Data through August 2026 · updated monthly

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HS 8703.40

Passenger motor vehicles, with both aprk-ig intrnl combust and electric motor, other than those charges by pluggin to external electric power

In short

  • The US imported $31.96B of this product over the 12 months to August 2026, up 4.9% on the year before.
  • Canada is the largest supplier, with 32.1% of US imports; Japan is next, with 26.2%.
  • Korea, South is the cheapest main supplier before and after freight and duty, landing at $29,342 each.
  • Duty paid averaged 14.8% of the value of imports in August 2026, down 8.6 points on a year earlier.
  • Korea, South is gaining share: 27.7% over the last 12 months, up from 22.0%.
  • US exports were $3.14B over the last 12 months; the largest market is Canada, with 45.2%.

US imports, Aug 2026

$3.02B

↑ +48% vs Aug 2025

Last 12 months

$31.96B

↑ +4.9% vs the 12 months before

Average duty paid

14.8%

↓ −8.6 pts vs Aug 2025

Top supplier

Canada

32.1% of US imports

US imports by month

The last 13 months, so the same month a year ago is on the left. August 2026 is highlighted. Dotted lines mark lasting changes in duty paid, labelled with the supplier, or "Duty" when several moved; the tariff timeline lists each one with its notices.

Aug2025SepOctNovDecJan2026FebMarAprMayJunJulAugDuty ↓Canada ↓
Show the numbers
MonthUS imports
August 2025$2.04B
September 2025$1.91B
October 2025$2.05B
November 2025$2.18B
December 2025$2.79B
January 2026$2.22B
February 2026$2.29B
March 2026$3.17B
April 2026$3.05B
May 2026$2.96B
June 2026$3.07B
July 2026$3.25B
August 2026$3.02B

What changed

  • US imports were $3.02B in August 2026, down 7.0% from July 2026 and up 48% from August 2025.
  • Over the 12 months to August 2026 they totalled $31.96B, up 4.9% on the 12 months before.
  • Biggest moves in market share since July 2026: Canada up from 19.5% to 32.1%, Korea, South down from 30.8% to 23.3%.
  • Average price from Korea, South rose 5.6% since July 2026, to $26,034 each.
  • Duty paid by the main suppliers held within 2 points of July 2026.

US trade by year

US imports were $31.96B in the 12 months to Aug 2026, up 469% on the 12 months to Aug 2018. US exports were $3.14B, up 635%. This code began with the HS 2017 revision in January 2017, taking goods from 8703.21, 8703.22, 8703.23 and 2 more, so its history starts there. Dotted lines mark lasting changes in duty paid, labelled with the supplier, or "Duty" when several moved; the tariff timeline lists each one with its notices.

201820192020202120222023202420252026Duty ↑
Show the numbers
PeriodUS imports
12 months to Aug 2018$5.62B
12 months to Aug 2019$7.61B
12 months to Aug 2020$6.62B
12 months to Aug 2021$10.22B
12 months to Aug 2022$9.82B
12 months to Aug 2023$15.12B
12 months to Aug 2024$24.22B
12 months to Aug 2025$30.46B
12 months to Aug 2026$31.96B
  • Japan
  • Korea, South
  • Canada
  • United Kingdom
  • All countries
Share of US imports
Show the numbers
PeriodJapanKorea, SouthCanadaUnited Kingdom
12 months to Aug 201856.4%13.8%8.3%0.0%
12 months to Aug 201941.9%10.4%16.9%5.8%
12 months to Aug 202042.3%8.0%27.6%12.7%
12 months to Aug 202138.3%13.0%15.1%18.0%
12 months to Aug 202240.4%22.7%13.0%11.1%
12 months to Aug 202334.7%25.0%19.9%10.9%
12 months to Aug 202438.1%20.9%19.9%14.3%
12 months to Aug 202536.0%22.0%18.7%15.5%
12 months to Aug 202629.4%27.7%23.2%9.2%
Duty paid, % of value
Show the numbers
PeriodJapanKorea, SouthCanadaUnited KingdomAll countries
12 months to Aug 20182.5%0.0%0.0%2.5%1.4%
12 months to Aug 20192.5%0.0%0.0%2.5%1.3%
12 months to Aug 20202.5%0.0%0.0%2.5%1.4%
12 months to Aug 20212.5%0.0%0.0%2.5%1.8%
12 months to Aug 20222.5%0.0%0.0%2.5%1.6%
12 months to Aug 20232.5%0.0%0.0%2.5%1.4%
12 months to Aug 20242.5%0.0%0.1%2.5%1.8%
12 months to Aug 202512.6%9.0%5.4%7.7%10.0%
12 months to Aug 202614.2%15.7%18.2%10.0%15.6%
PeriodUS importsDuty paidUS exports
12 months to Aug 2026$31.96B+4.9%15.6%+5.5 pts$3.14B−17%
12 months to Aug 2025$30.46B+26%10.0%+8.2 pts$3.79B+23%
12 months to Aug 2024$24.22B+60%1.8%+0.4 pts$3.07B+60%
12 months to Aug 2023$15.12B+54%1.4%−0.2 pts$1.92B−15%
12 months to Aug 2022$9.82B−3.9%1.6%−0.2 pts$2.27B+3.0%
12 months to Aug 2021$10.22B+54%1.8%+0.4 pts$2.20B+149%
12 months to Aug 2020$6.62B−13%1.4%+0.2 pts$882.8M+93%
12 months to Aug 2019$7.61B+35%1.3%−0.2 pts$457.7M+7.2%
12 months to Aug 2018$5.62B1.4%$427.0M

Who supplies the US

August 2026. Small figures under each value are the change from August 2025. Landed cost by origin, below, adds freight and duty to the price.

CountryUS importsShareAverage priceDuty paidLast 13 months
Canada$968.7M32.1%+17.6 pts$28,910 each−3.9%15.4%−4.0 pts
Japan$791.9M26.2%−7.5 pts$30,248 each+32%15.0%−12.9 pts
Korea, South$702.8M23.3%−5.7 pts$26,034 each+1.4%15.0%−10.0 pts
United Kingdom$201.2M6.7%−8.0 pts$81,175 each+21%10.0%0.0 pts
Germany$195.6M6.5%+1.1 pts$86,486 each+9.5%6.2%−12.9 pts
Slovakia$71.6M2.4%+1.4 pts$47,557 each+4.5%15.0%0.0 pts
China$51.0M1.7%0.0 pts$28,310 each+7.3%52.3%−19.5 pts
Mexico$37.1M1.2%+1.2 pts$41,316 each+47%4.7%−13.8 pts
Other countries (6)$1.0M0.0%0.0 pts$45,472 each−22%1.1%+1.1 pts
All countries$3.02B100.0%$31,571 each+9.3%14.8%−8.6 pts

The 3 largest suppliers had 80.4% of US imports over the last 12 months.

Landed cost by origin

What importers paid to land this product at a US port from each main supplier, June–August 2026: the price, freight and insurance to the first US port, and duty, per unit. Suppliers with 3% or more of these imports, cheapest landed first. Small figures under landed cost are the change from the same months a year earlier.

  • Price
  • Freight and insurance
  • Duty
CountryPriceFreight and insuranceDutyLanded costMake-up
Korea, South$24,796 each$825.74 each3.3% of price$3,720 each15.0% of price$29,342 each−10%
Canada$27,903 each$242.65 each0.9% of price$4,172 each15.0% of price$32,318 each−12%
Japan$30,331 each$697.37 each2.3% of price$4,538 each15.0% of price$35,566 each+33%
United Kingdom$73,339 each$879.50 each1.2% of price$7,303 each10.0% of price$81,521 each+0.6%
Germany$88,081 each$717.23 each0.8% of price$5,189 each5.9% of price$93,987 each−11%
All countries$31,119 each$621.15 each2.0% of price$4,472 each14.4% of price$36,212 each+5.4%

Landed at a US port, Korea, South was cheapest, at $29,342 each: 9.2% below Canada.

Landed cost from Japan rose 33% on a year earlier, to $35,566 each, mostly on price: $20,356 each then, $30,331 each now.

How the market is shifting

Korea, South gained the most share: 27.7% of US imports over the last 12 months, up from 22.0% in the 12 months before. Japan lost the most: 29.4%, down from 36.0%. The charts show September 2024 to August 2026 for the 4 largest suppliers over the last 12 months. Dotted lines mark lasting changes in duty paid, labelled with the supplier, or "Duty" when several moved; the tariff timeline lists each one with its notices.

  • Japan
  • Korea, South
  • Canada
  • United Kingdom
  • All countries
Share of US imports
Show the numbers
MonthJapanKorea, SouthCanadaUnited Kingdom
September 202427.9%33.7%24.6%11.2%
October 202429.0%25.4%23.4%15.5%
November 202429.4%16.5%21.5%21.9%
December 202438.2%15.0%16.2%20.5%
January 202537.4%17.1%24.3%15.4%
February 202538.5%17.8%16.8%18.4%
March 202531.0%24.6%19.9%16.0%
April 202549.8%11.8%17.3%14.3%
May 202543.5%24.7%17.5%6.9%
June 202538.5%23.2%13.9%15.0%
July 202541.2%29.5%9.1%11.7%
August 202533.8%29.0%14.5%14.6%
September 202532.6%36.7%17.7%6.9%
October 202539.4%32.8%18.5%0.5%
November 202543.2%27.8%14.6%4.0%
December 202529.5%29.1%14.2%14.4%
January 202630.6%35.4%10.5%9.9%
February 202632.3%28.1%21.4%10.2%
March 202626.5%24.3%25.1%13.4%
April 202625.7%26.8%32.7%5.8%
May 202621.6%22.5%32.5%11.1%
June 202625.0%22.4%29.5%12.1%
July 202629.6%30.8%19.5%10.8%
August 202626.2%23.3%32.1%6.7%
Duty paid, % of value
Show the numbers
MonthJapanKorea, SouthCanadaUnited KingdomAll countries
September 20242.5%0.0%0.0%2.5%1.1%
October 20242.5%0.0%0.0%2.5%1.7%
November 20242.5%0.0%0.0%2.5%2.3%
December 20242.5%0.0%0.0%2.5%2.0%
January 20252.5%0.0%0.0%2.5%1.8%
February 20252.5%0.0%0.0%2.5%2.0%
March 20252.5%0.0%1.5%2.5%2.3%
April 202525.6%21.3%16.7%27.5%24.2%
May 202529.7%25.0%19.8%27.5%26.5%
June 202529.6%25.0%19.2%27.5%27.7%
July 202529.3%24.9%20.7%10.0%25.1%
August 202527.9%25.0%19.4%10.0%23.4%
September 202521.2%25.0%19.0%10.0%21.3%
October 202515.0%25.0%16.2%10.0%19.5%
November 202515.0%3.2%20.4%10.0%13.7%
December 202515.0%15.1%18.6%10.0%15.7%
January 202615.0%15.1%17.7%10.0%15.8%
February 202611.0%15.0%20.1%10.0%14.6%
March 20266.2%15.0%22.0%10.0%14.0%
April 202613.4%15.0%20.9%10.0%16.2%
May 202615.0%15.0%19.7%10.0%15.8%
June 202614.9%15.0%14.6%10.0%14.0%
July 202615.0%15.0%14.8%9.9%14.3%
August 202615.0%15.0%15.4%10.0%14.8%

Tariff actions touching this product

When the duty paid on this product changed and stayed changed, for its main suppliers and all countries, newest first, with the Federal Register notices that named the product in the 3 months before. Rates are medians of the 4 months either side, less any usual seasonal swing. A change shows what happened to duty paid, not why; read each notice for what it did.

  1. June 2026 · Duty paid: Canada 20.5% → 14.8%.
  2. September–December 2025 · Duty paid: Japan 29.4% → 15.0%, Korea, South 25.0% → 15.0%, United Kingdom 18.7% → 10.0%, all countries 24.1% → 15.8%.
  3. April–June 2025 · Duty paid: Japan 2.5% → 29.4%, Korea, South 0.0% → 25.0%, Canada 0.0% → 19.5%, United Kingdom 2.5% → 27.5%, Mexico 0.0% → 18.5%, all countries 2.0% → 25.7%.

Where it enters the US

Main ports of entry over the 12 months to August 2026: US imports and share.

  1. Detroit, MI$5.63B · 17.6%
  2. Brunswick, GA$3.29B · 10.3%
  3. Port Hueneme, CA$3.17B · 9.9%
  4. Portland, OR$2.51B · 7.9%
  5. Baltimore, MD$2.37B · 7.4%

Where US exports go

US exports were $243.1M in August 2026, down 35% from August 2025, and $3.14B over the last 12 months, down 17% on the 12 months before.

MarketLast 12 monthsSharevs 12 months before
Canada$1.42B45.2%−8.7%
Mexico$982.7M31.3%−19%
Australia$136.0M4.3%−50%
Saudi Arabia$92.4M2.9%−50%
Korea, South$80.3M2.6%+14%
Lithuania$53.5M1.7%+64%
Nigeria$52.5M1.7%+58%
Jordan$51.1M1.6%−28%
Other countries (101)$272.3M8.7%−25%
All countries$3.14B100.0%−17%

Markets abroad

Each country's own import figures for this product, from UN Comtrade: the 8 biggest importers outside the US in the latest year each has reported, what they bought from the US, and the change from the year before. Values usually include freight and insurance to the importer's border, so they run a little above US export figures. Countries report a year or more late; 118 have reported 2025 so far. Where a country's figure for imports from the US is under half or over double what the US recorded exporting there that year, the US figure is shown under it.

MarketImportsvs year beforeFrom the USUS share
France$10.56Bin 2025+40%$42.5M0.4%
Italy$10.17Bin 2025+19%$138K0.0%
United Kingdom$8.68Bin 2025+47%$173K0.0%
Belgium$7.68Bin 2025−8.4%$127K0.0%
Poland$6.47Bin 2025+13%$254.1M3.9%
Spain$6.03Bin 2025+16%$8.6M0.1%
Korea, South$5.68Bin 2025+16%$1.28BUS records $87.5M22.6%
Germany$5.20Bin 2025+27%$12.3M0.2%

The biggest market outside the US is France, which imported $10.56B of this product in 2025, 0.4% of that from the US.

Of these, imports into the United Kingdom grew fastest: up 47% from 2024 to 2025.

Other products under heading 8703: motor cars and other motor vehicles designed to transport people (other than public-transport type), including station wagons and racing cars. US trade over the 12 months to August 2026.

ProductUS importsUS exports
Passenger motor vehicles with spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1,500 cc but not over 3,000 ccHS 8703.23$71.82B$20.92B
Passenger motor vehicles with spark-ignition internal combustion reciprocating piston engine, cyclinder capacity over 3,000 ccHS 8703.24$24.24B$9.80B
Passenger motor vehicles with spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1,000 cc but not over 1,500 ccHS 8703.22$24.31B$453.8M
Motor vehicles with only electric motor, not elsewhere specifiedHS 8703.80$9.48B$3.38B
Motor vehicles with both spark-ig and electric motor, capable of charge by plugging to extnl pwrHS 8703.60$6.37B$2.94B
Passenger motor vehicles with compression-ignition internal combustion piston engine (diesel), cylinder capacity over 2,500 ccHS 8703.33$243.1M$4.00B
Passenger motor vehicles with spark-ignition internal combustion reciprocating piston engine, cylinder capacity not over 1,000 ccHS 8703.21$1.73B$922.3M
Passenger motor vehicles, not elsewhere specifiedHS 8703.90$23.5M$1.83B
About these figures
  • Source: US Census Bureau international trade data, not seasonally adjusted, in US dollars. Retrieved November 3, 2026.
  • US imports are general imports at customs value, which excludes freight and insurance. Exports are at free-alongside-ship value.
  • Average price is customs value divided by quantity (number of items), across all of the product's 10-digit lines.
  • Duty paid is the duty Census calculates on each country's imports for consumption, as a share of their value. It moves with tariff changes, exemptions and the mix of goods within the product.
  • Landed cost adds Census's import charges (freight, insurance and other costs of bringing the goods to the first US port) and calculated duty to the customs value, per unit, across the product's 10-digit lines. It leaves out antidumping and countervailing duties, customs fees and transport inland. Prices are averages across the goods within the code, so a lower one can mean cheaper goods, not the same goods for less.
  • Markets abroad are each country's imports as it reports them to UN Comtrade, in US dollars, usually including freight and insurance. Countries report a year or more late and in their own edition of the HS codes, so one still on an older edition is missing for codes that changed in 2022.
  • Census revises recent months, so figures can change slightly. These are estimates for research and planning, not customs or legal advice.

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