HS Icon Vehicle Parts in  Flag United States

2019
Exports | Imports
: $41.2B | $71.6B, World Rnk 2 / 225
Flag Rnk 5 / 1217 | World Rnk 1 / 225
Flag Rnk 6 / 1215

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $71.7M | $893M, Spain |  Mexico

2019
ECONOMIC COMPLEXITY of United States
: 1.59, Rnk 9 / 147

2019
PRODUCT COMPLEXITY  IN Vehicle Parts
: 1.1, Rnk 141 / 1029

Exports In 2019, United States exported $41.2B in Vehicle Parts, making it the 2nd largest exporter of Vehicle Parts in the world. At the same year, Vehicle Parts was the 5th most exported product in United States. The main destination of Vehicle Parts exports from United States are: Mexico ($16.3B), Canada ($14.8B), China ($1.54B), Germany ($763M), and United Kingdom ($680M).

The fastest growing export markets for Vehicle Parts of United States between 2018 and 2019 were Spain ($71.7M), Thailand ($69.6M), and United Arab Emirates ($49.1M).

Imports In 2019, United States imported $71.6B in Vehicle Parts, becoming the 1st largest importer of Vehicle Parts in the world. At the same year, Vehicle Parts was the 6th most imported product in United States. United States imports Vehicle Parts primarily from: Mexico ($26B), Canada ($9.6B), China ($9.6B), Japan ($7.5B), and Germany ($5.31B).

The fastest growing import markets in Vehicle Parts for United States between 2018 and 2019 were Mexico ($893M), South Korea ($287M), and Thailand ($74.2M).

Tariffs In 2018, the average tariff for United States in Vehicle Parts was 0.54%. The countries with the highest import tariffs for Vehicle Parts were Equatorial Guinea (Most Favoured Nation duty rate treatement, 1.13%), Libya (Most Favoured Nation duty rate treatement, 1.13%), Mayotte (Most Favoured Nation duty rate treatement, 1.13%), Reunion (Most Favoured Nation duty rate treatement, 1.13%), and Sudan (Most Favoured Nation duty rate treatement, 1.13%).

July 2021

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (July 2020 - July 2021): $58.7M, (2.05%)

IMPORT GROWTH (July 2020 - July 2021): $839M, (16.8%)

MAIN EXPORTER (July 2021): Texas, $649M

MAIN DESTINATION (July 2021): Mexico, $1.33B

This section shows Vehicle Parts'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 Vehicle Parts over time.

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Historical Data

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Value
Compare to

EXPORTS (2019): $41.2B

IMPORTS (2019): $71.6B

NET TRADE (2019): -$30.4B

In 2019, United States exported $41.2B in Vehicle Parts. The main destinations of United States exports on Vehicle Parts were Mexico ($16.3B), Canada ($14.8B), China ($1.54B), Germany ($763M), and United Kingdom ($680M).

In 2019, United States imported $71.6B in Vehicle Parts, mainly from Mexico ($26B), Canada ($9.6B), China ($9.6B), Japan ($7.5B), and Germany ($5.31B).

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IN 2019, United States HAD A POSITIVE NET TRADE IN Vehicle Parts WITH:

IN 2019, United States HAD A NEGATIVE NET TRADE IN Vehicle Parts WITH:

Flow

THE FASTEST GROWING Vehicle Parts EXPORT MARKETS FOR United States WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vehicle Parts BY United States WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2019, United States's main exporting competitors in Vehicle Parts were:

In 2019, United States's main importing competitors in Vehicle Parts were:

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Tariffs by Country

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In 2018, the average tariff for United States in Vehicle Parts was 0.54%.

The countries with the highest tariffs for Vehicle Parts in United States were Equatorial Guinea (Most Favoured Nation duty rate treatement, 1.13%), Libya (Most Favoured Nation duty rate treatement, 1.13%), Mayotte (Most Favoured Nation duty rate treatement, 1.13%), Reunion (Most Favoured Nation duty rate treatement, 1.13%), and Sudan (Most Favoured Nation duty rate treatement, 1.13%).