NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

870850 (Harmonized System 1992 for 6-digit)

2023
World Trade $31.9BRnk 92 / 4644
2023
Top Exporter | Top Importer $5.63B | $6.44BGermany | United States
2023
Product Complexity 1.3Rnk 329 / 4656
2022 - 2023
Export Growth (CAGR) 10.5%Rnk 658 / 4644
2023
Share of World Trade 0.14%Rnk 92 / 4644

About

Overview This page contains the latest trade data of Drive axles with differential for motor vehicles. In 2023, Drive axles with differential for motor vehicles were the world's 92nd most traded product, with a total trade of $31.9B. Between 2022 and 2023 the exports of Drive axles with differential for motor vehicles grew by 10.5%, from $28.9B to $31.9B. Trade in Drive axles with differential for motor vehicles represent 0.14% of total world trade.

Drive axles with differential for motor vehicles are a part of Motor vehicles; parts and accessories (8701 to 8705).

Exports In 2023 the top exporters of Drive axles with differential for motor vehicles  were Germany ($5.63B), United States ($3.46B), Mexico ($2.83B), China ($2.71B), and Japan ($2.29B).

Imports In 2023 the top importers of Drive axles with differential for motor vehicles were United States ($6.44B), Germany ($3.2B), Mexico ($3.12B), United Kingdom ($1.41B), and Canada ($1.3B).

Ranking Drive axles with differential for motor vehicles ranks 329th in the Product Complexity Index (PCI).

Description The axles with differential are used to provide power to the wheels. They allow the wheels to rotate at different speeds. This is important on a vehicle because the wheels on one side of the vehicle will typically have a longer distance to travel than the other side.

Latest Trends

Latest Data

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Drive axles with differential for motor vehicles. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

Explore Latest Trends

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Exporters and Importers

Top Origin (2023)Germany$5.63B
Top Destination (2023)United States$6.44B

In 2023 Drive axles with differential for motor vehicles were the world's 92nd most traded product (out of 4,644).

In 2023, the top exporters of Drive axles with differential for motor vehicles were Germany ($5.63B), United States ($3.46B), Mexico ($2.83B), China ($2.71B), and Japan ($2.29B).

In 2023, the top importers of Drive axles with differential for motor vehicles were United States ($6.44B), Germany ($3.2B), Mexico ($3.12B), United Kingdom ($1.41B), and Canada ($1.3B).

Explore Visualizations

Exporters of Drive axles with differential for motor vehicles (2023)
[Click to Select a Country]

Importers of Drive axles with differential for motor vehicles (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$728M
Top Destination Growth (2022 -  2023)Germany$515M

Between 2022 and 2023, the exports of Drive axles with differential for motor vehicles grew the fastest in Germany ($728M), Italy ($344M), France ($324M), Mexico ($296M), and United States ($263M).

Between 2022 and 2023, the fastest growing importers of Drive axles with differential for motor vehicles were Germany ($515M), United Kingdom ($414M), Mexico ($322M), Poland ($295M), and France ($259M).

Explore Visualizations

Exporters of Drive axles with differential for motor vehicles (2022 - 2023)

Importers of Drive axles with differential for motor vehicles (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Drive axles with differential for motor vehicles.

In 2023, market concentration measured using Shannon Entropy, was 4.19. This means that most of the exports of Drive axles with differential for motor vehicles are explained by 18 countries.

Explore Visualizations

Value of Exports in Drive axles with differential for motor vehicles

Net Trade

TOP NET EXPORTER (2023)Germany$2.43B
TOP NET IMPORTER (2023)United States$2.98B

This map shows which countries export or import more of Drive axles with differential for motor vehicles. Each country is colored based on the difference in exports and imports of Drive axles with differential for motor vehicles during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Drive axles with differential for motor vehicles were Germany ($2.43B), Japan ($1.97B), China ($1.74B), Italy ($1.59B), and South Korea ($1.58B).

In 2023, the countries that had a largest trade value in imports than in exports of Drive axles with differential for motor vehicles were United States ($2.98B), United Kingdom ($1.04B), Canada ($840M), Netherlands ($751M), and Czechia ($618M).

Net Trade (2023)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Drive axles with differential for motor vehicles.
It is possible to select the main countries that export or import Drive axles with differential for motor vehicles in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Drive axles with differential for motor vehicles by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms