Motor vehicles; parts and accessories (8701 to 8705) in United States

About

Exports In 2023, United States exported $41.1B in Motor vehicles; parts and accessories (8701 to 8705), making it the 4th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 7th most exported product in United States. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from United States are: Mexico ($17.7B), Canada ($13.7B), China ($1.27B), Germany ($902M), and Thailand ($731M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of United States between 2022 and 2023 were Canada ($2.85B), Mexico ($2.02B), and Thailand ($178M).

Imports In 2023, United States imported $88.1B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 1st largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 5th most imported product in United States. United States imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: Mexico ($35.2B), Canada ($11.7B), China ($9.96B), Japan ($6.87B), and Germany ($6.39B).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for United States between 2022 and 2023 were Mexico ($3.88B), Germany ($684M), and Canada ($660M).

COMPANIES In 2023, leading companies such as Robert Bosch (7.47k), ZF Friedrichshafen (5.82k), and Volvo (1.82k) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Motor vehicles; parts and accessories (8701 to 8705) exports accounted up to $3.74B and imports accounted up to $6.9B, resulting in a negative trade balance of $3.16B. Between November 2023 and November 2024 the exports of United States' Motor vehicles; parts and accessories (8701 to 8705) have increased by $31.2M (0.84%) from $3.71B to $3.74B, while imports decreased by $-92.8M (-1.33%) from $6.99B to $6.9B.

Destinations In November 2024, Motor vehicles; parts and accessories (8701 to 8705) were exported mostly to Mexico ($1.71B), Canada ($1.17B), Australia ($79.4M), China ($63.9M), and Germany ($63.7M), and were imported mostly from Mexico ($2.97B), Canada ($875M), China ($698M), Japan ($570M), and South Korea ($499M).

Growth In November 2024, the increase in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year exports was explained primarily by an increase in exports to Canada ($417M or 51.5%), Mexico ($291M or 22.2%), and Thailand ($27.8M or 309%). In November 2024, the decrease in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year imports was explained primarily by a decrease in imports from Japan ($-104M or -17.9%), China ($-44.7M or -5.26%), and Thailand ($-10.4M or -11%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)$31.2M(0.84%)

IMPORT GROWTH (November 2023 - November 2024)$-92.8M(-1.33%)

MAIN EXPORTER (November 2024)Michigan$904M

MAIN DESTINATION (November 2024)Mexico$1.71B

This section shows Motor vehicles; parts and accessories (8701 to 8705)'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 Motor vehicles; parts and accessories (8701 to 8705) over time.

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