2022
Exports
$38.9BWorld Rnk 3 / 226
Flag Rnk 7 / 1217
2022
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1Rnk 170 / 1025
2022
Imports
$88BWorld Rnk 1 / 225
Flag Rnk 6 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $38.9B in Motor vehicles; parts and accessories (8701 to 8705), making it the 3rd 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 ($16.5B), Canada ($11.9B), China ($1.55B), Germany ($814M), and Brazil ($722M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of United States between 2021 and 2022 were Mexico ($2.43B), Canada ($2.06B), and Australia ($166M).

Imports In 2022, United States imported $88B 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 6th most imported product in United States. United States imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: Mexico ($31.8B), China ($11.6B), Canada ($11.4B), Japan ($7.72B), and South Korea ($6.84B).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for United States between 2021 and 2022 were Mexico ($5.16B), Canada ($1.73B), and South Korea ($1.11B).

COMPANIES In 2023, leading companies such as ROBERT BOSCH LLC (7.8k), ZF FRIEDRICHSHAFEN AG (5.97k), and VOLVO GROUP NORTH AMERICA LLC (1.88k) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) to the United States.

Latest Trends

March 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)$-277M(-6.46%)
IMPORT GROWTH (March 2023 - March 2024)$451M(6.16%)
MAIN EXPORTER (March 2024)Michigan$904M
MAIN DESTINATION (March 2024)Mexico$1.69B

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$38.9B
IMPORTS (2022)$88B
NET TRADE (2022)-$49.1B

In 2022, United States exported $38.9B in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of United States exports on Motor vehicles; parts and accessories (8701 to 8705) were Mexico ($16.5B), Canada ($11.9B), China ($1.55B), Germany ($814M), and Brazil ($722M).

In 2022, United States imported $88B in Motor vehicles; parts and accessories (8701 to 8705), mainly from Mexico ($31.8B), China ($11.6B), Canada ($11.4B), Japan ($7.72B), and South Korea ($6.84B).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$2.43B (17.2%)
Canada$2.06B (21%)
Australia$166M (35.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY United States WERE (2021 - 2022):
Russia-$387M (-87.3%)
China-$253M (-14.1%)
United Kingdom-$62.5M (-17.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
In 2022, United States's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
Germany $41.7B
Mexico $29.3B

Explore Visualizations

Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

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