Overview: In January 2021 United States' Vehicle Parts exports accounted up to $2.79B and imports accounted up to $5.66B, resulting in a negative trade balance of $2.88B. Between January 2020 and January 2021 the exports of United States' Vehicle Parts have decreased by $-290M (-9.42%) from $3.08B to $2.79B, while imports increased by $143M (2.58%) from $5.52B to $5.66B.
Destinations: In January 2021 Vehicle Parts exported mostly to Mexico ($1.11B), Canada ($862M), China ($136M), Germany ($61.3M), and South Africa ($46M), and imported mostly from Mexico ($2.12B), Canada ($776M), China ($743M), Japan ($507M), and South Korea ($409M).
Growth: In January 2021, the decrease in Vehicle Parts's year-by-year exports was explained primarily by a decrease in exports to Mexico ($-181M or -14%), Canada ($-137M or -13.7%), and Spain ($-35.1M or -62.4%). In January 2021, the increase in Vehicle Parts's year-by-year imports was explained primarily by an increase in imports from Germany ($68.5M or 23.3%), South Korea ($52M or 14.6%), and Thailand ($19.2M or 37.5%).