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

Overview In August 2024 United States' Motor vehicles; parts and accessories (8701 to 8705) exports accounted up to $3.85B and imports accounted up to $7.55B, resulting in a negative trade balance of $3.71B. Between August 2023 and August 2024 the exports of United States'   Motor vehicles; parts and accessories (8701 to 8705) have decreased by $-566M (-12.8%) from $4.41B to $3.85B, while imports decreased by $-355M (-4.49%) from $7.91B to $7.55B.

Destinations In August 2024, Motor vehicles; parts and accessories (8701 to 8705) were exported mostly to Mexico ($1.74B), Canada ($1.17B), China ($123M), Australia ($91.9M), and Germany ($69.1M), and were imported mostly from Mexico ($3.27B), Canada ($981M), China ($808M), Japan ($561M), and South Korea ($506M).

Growth In August 2024, the decrease in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year exports was explained primarily by a decrease in exports to Russia ($-21.6M or -95.3%), Turkey ($-10.1M or -57.9%), and United Kingdom ($-7.97M or -30.1%). In August 2024, the decrease in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year imports was explained primarily by a decrease in imports from Japan ($-104M or -17.9%), China ($-44.7M or -5.26%), and Thailand ($-10.4M or -11%).