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Pricing

Parts suitable for use solely or principally with the engines of heading no. 8407 or 8408

8409 (Harmonized System 1992 for 4-digit)

2022
World Trade $68.2BRnk 62 / 1218
2022
Top Exporter | Top Importer $13B | $13.5BGermany | United States
2022
Product Complexity 0.78Rnk 252 / 1033
2021 - 2022
Export Growth (CAGR) 2.1%Rnk 748 / 1218
2022
Share of World Trade 0.29%Rnk 62 / 1218

About

Overview This page contains the latest trade data of Engine Parts. In 2022, Engine Parts were the world's 62nd most traded product, with a total trade of $68.2B. Between 2021 and 2022 the exports of Engine Parts grew by 2.1%, from $66.8B to $68.2B. Trade in Engine Parts represent 0.29% of total world trade.

Engine Parts are a part of Machinery, mechanical appliances, & parts. They include Parts for diesel and semi-diesel engines, Parts for spark-ignition engines except aircraft, and Parts for spark-ignition aircraft engines.

Exports In 2022 the top exporters of Engine Parts  were Germany ($13B), China ($7.96B), Japan ($6.08B), United States ($5.67B), and Mexico ($5.26B).

Imports In 2022 the top importers of Engine Parts were United States ($13.5B), Germany ($5.9B), Mexico ($3.67B), China ($3.25B), and United Kingdom ($2.83B).

Ranking Engine Parts ranks 252nd in the Product Complexity Index (PCI).

Description Parts suitable for use solely or principally with internal combustion piston engine are used in the production of other goods. They can be made from a variety of materials, including steel, aluminum, and copper.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Engine Parts. 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.

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Historical Data

Exporters and Importers

Top Origin (2022)Germany$13B
Top Destination (2022)United States$13.5B

In 2022 Engine Parts were the world's 62nd most traded product (out of 1,218).

In 2022, the top exporters of Engine Parts were Germany ($13B), China ($7.96B), Japan ($6.08B), United States ($5.67B), and Mexico ($5.26B).

In 2022, the top importers of Engine Parts were United States ($13.5B), Germany ($5.9B), Mexico ($3.67B), China ($3.25B), and United Kingdom ($2.83B).

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Exporters of Engine Parts (2022)
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Importers of Engine Parts (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$863M
Top Destination Growth (2021 -  2022)United States$1.2B

Between 2021 and 2022, the exports of Engine Parts grew the fastest in China ($863M), Mexico ($717M), United States ($374M), Brazil ($225M), and Bahrain ($208M).

Between 2021 and 2022, the fastest growing importers of Engine Parts were United States ($1.2B), Canada ($349M), Mexico ($331M), Poland ($238M), and Singapore ($150M).

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Exporters of Engine Parts (2021 - 2022)

Importers of Engine Parts (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Engine Parts.

In 2022, market concentration measured using Shannon Entropy, was 4.39. This means that most of the exports of Engine Parts are explained by 20 countries.

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Value of Exports in Engine Parts

Net Trade

TOP NET EXPORTER (2022)Germany$7.06B
TOP NET IMPORTER (2022)United States$7.78B

This map shows which countries export or import more of Engine Parts. Each country is colored based on the difference in exports and imports of Engine Parts during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Engine Parts were Germany ($7.06B), China ($4.72B), Japan ($4.36B), South Korea ($1.81B), and Mexico ($1.58B).

In 2022, the countries that had a largest trade value in imports than in exports of Engine Parts were United States ($7.78B), United Kingdom ($1.57B), Canada ($1.4B), Hungary ($811M), and Singapore ($744M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Engine Parts, disaggragated by their HS6 level were Parts for diesel and semi-diesel engines ($35.7B), Parts for spark-ignition engines except aircraft ($31.5B), and Parts for spark-ignition aircraft engines ($1.04B)

HS6 Disaggregation for Engine Parts (2022)
[Click to Select]

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Engine Parts.
It is possible to select the main countries that export or import Engine Parts in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Engine Parts 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 (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Engine Parts.

Country by Relatedness

The following visualization shows the relatedness of Engine Parts to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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