Overview: In July 2020 United States' Vehicle Parts exports accounted up to $2.86B and imports accounted up to $4.99B, resulting in a negative trade balance of $2.13B. Between July 2019 and July 2020 the exports of United States' Vehicle Parts have decreased by $-476M (-14.3%) from $3.34B to $2.86B, while imports decreased by $-724M (-12.7%) from $5.72B to $4.99B.
Destinations: In July 2020 Vehicle Parts exported mostly to Canada ($995M), Mexico ($942M), China ($184M), Spain ($52.2M), and Australia ($42.6M), and imported mostly from Mexico ($1.67B), Canada ($645M), China ($489M), Japan ($193M), and Germany ($169M).
Growth: In July 2020, the decrease in Vehicle Parts's year-by-year exports was explained primarily by a decrease in exports to Mexico ($-540M or -36.4%), Canada ($-496M or -33.3%), and Brazil ($-42M or -68.4%). In July 2020, the decrease in Vehicle Parts's year-by-year imports was explained primarily by a decrease in imports from Japan ($-407M or -67.8%), Mexico ($-399M or -19.3%), and South Korea ($-204M or -65.3%).