Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof in United States

EXPORTS (2018): $110B, World Rnk 4 / 222
Flag Rnk 4 / 96

TOP DESTINATION (2018): $34.5B, Canada

FASTEST GROWING MARKET (2017 - 2018): $1.57B, Canada

IMPORTS (2018): $307B, World Rnk 1 / 221
Flag Rnk 3 / 96

TOP ORIGIN (2018): $92.9B, Mexico

FASTEST GROWING ORIGIN (2017 - 2018): $9.47B, Mexico

ECONOMIC COMPLEXITY of United States (2018): 1.57, Rnk 9 / 137

PRODUCT COMPLEXITY  IN Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof (2018): 1.32, Rnk 10 / 96

Overview: This page contains the latest trade data of Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof in United States.

Exports: In 2018, United States exported $110B in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof, making it the 4th largest exporter of Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof in the world. At the same year, Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof was the 4th most exported product in United States. The main destination of Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof exports from United States are: Canada ($34.5B), Mexico ($21.8B), China ($9.56B), Germany ($6.99B), and Australia ($3.38B).

The fastest growing export markets for Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof of United States between 2017 and 2018 were Canada ($1.57B), Mexico ($1.52B), and United Kingdom ($909M).

Imports: In 2018, United States imported $307B in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof, becoming the 1st largest importer of Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof in the world. At the same year, Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof was the 3rd most imported product in United States. United States imports Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof primarily from: Mexico ($92.9B), Canada ($55B), Japan ($51.8B), Germany ($29.8B), and South Korea ($19.3B).

The fastest growing import markets in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof for United States between 2017 and 2018 were Mexico ($9.47B), China ($2.67B), and India ($1.41B).

Tariffs: In 2017, the average tariff for United States in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof was 1.77%. The countries with the highest import tariffs for Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof were North Korea (25%), Cuba (25%), Equatorial Guinea (2.42%), Libya (2.42%), and Mayotte (2.42%).

Overview: In July 2020 United States' Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof exports accounted up to $9.16B and imports accounted up to $20.3B, resulting in a negative trade balance of $11.1B. Between July 2019 and July 2020 the exports of United States'   Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof have decreased by $-952M (-9.41%) from $10.1B to $9.16B, while imports decreased by $-5.39B (-21%) from $25.6B to $20.3B.

Destinations: In July 2020 Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof exported mostly to Canada ($3.22B), Mexico ($1.38B), Germany ($931M), Belgium ($579M), and China ($470M), and imported mostly from Mexico ($7.92B), Canada ($3.5B), Japan ($2.46B), South Korea ($1.65B), and Germany ($1.26B).

Growth: In July 2020, the decrease in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof's year-by-year exports was explained primarily by a decrease in exports to Canada ($-1.96B or -40.6%), Mexico ($-750M or -40.2%), and Germany ($-257M or -38.6%). In July 2020, the decrease in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof's year-by-year imports was explained primarily by a decrease in imports from Mexico ($-3.1B or -33.9%), Japan ($-2.85B or -71.2%), and Canada ($-1.3B or -26.6%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (July 2019 - July 2020): $-952M, (-9.41%)

IMPORT GROWTH (July 2019 - July 2020): $-5.39B, (-21%)

MAIN EXPORTER (July 2020): South Carolina, $1.28B

MAIN DESTINATION (July 2020): Canada, $3.22B

This section shows Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof'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 Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof over time.

Value

EXPORTS (2018): $110B

IMPORTS (2018): $307B

NET TRADE (2018): -$197B

In 2018, United States exported $110B in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof. The main destinations of United States exports on Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof were Canada ($34.5B), Mexico ($21.8B), China ($9.56B), Germany ($6.99B), and Australia ($3.38B).

In 2018, United States imported $307B in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof, mainly from Mexico ($92.9B), Canada ($55B), Japan ($51.8B), Germany ($29.8B), and South Korea ($19.3B).

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IN 2018, United States HAD A POSITIVE NET TRADE IN Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof WITH:

  • Australia, $3.22B ($3.38B - $167M)
  • United Arab Emirates, $2.31B ($2.36B - $42.9M)
  • Saudi Arabia, $2.05B ($2.05B - $2.97M)

IN 2018, United States HAD A NEGATIVE NET TRADE IN Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof WITH:

  • Mexico, -$71.1B ($21.8B - $92.9B)
  • Japan, -$50.1B ($1.74B - $51.8B)
  • Germany, -$22.8B ($6.99B - $29.8B)
Flow

THE FASTEST GROWING Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof EXPORT MARKETS FOR United States WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof BY United States WERE (2017 - 2018):

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Market Concentration

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Type

In 2018, United States's main exporting competitors in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof were:

In 2018, United States's main importing competitors in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof in United States. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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