Overview: In October 2020 United States' Vehicle Parts exports accounted up to $3.56B and imports accounted up to $6.29B, resulting in a negative trade balance of $2.73B. Between October 2019 and October 2020 the exports of United States' Vehicle Parts have decreased by $-35.7M (-0.99%) from $3.59B to $3.56B, while imports increased by $670M (11.9%) from $5.62B to $6.29B.
Destinations: In October 2020 Vehicle Parts exported mostly to Mexico ($1.46B), Canada ($1.09B), China ($193M), Germany ($85.9M), and Brazil ($59.2M), and imported mostly from Mexico ($2.53B), Canada ($838M), China ($753M), Japan ($559M), and South Korea ($444M).
Growth: In October 2020, the decrease in Vehicle Parts's year-by-year exports was explained primarily by a decrease in exports to Canada ($-295M or -21.2%), United Kingdom ($-14.9M or -27%), and Netherlands ($-11.9M or -55.6%). In October 2020, the increase in Vehicle Parts's year-by-year imports was explained primarily by an increase in imports from Mexico ($431M or 20.6%), Canada ($120M or 16.7%), and South Korea ($58.6M or 15.2%).