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Motor vehicles; parts and accessories, of heading no. 8701 to 8705

8708 (Harmonized System 1992 for 4-digit)

2022
World Trade $422BRnk 9 / 1218
2022
Top Exporter | Top Importer $61.8B | $88BGermany | United States
2022
Product Complexity 0.87Rnk 217 / 1033
2021 - 2022
Export Growth (CAGR) 4.68%Rnk 632 / 1218
2022
Share of World Trade 1.78%Rnk 9 / 1218

About

Overview This page contains the latest trade data of Motor vehicles; parts and accessories (8701 to 8705). In 2022, Motor vehicles; parts and accessories (8701 to 8705) were the world's 9th most traded product, with a total trade of $422B. Between 2021 and 2022 the exports of Motor vehicles; parts and accessories (8701 to 8705) grew by 4.68%, from $403B to $422B. Trade in Motor vehicles; parts and accessories (8701 to 8705) represent 1.78% of total world trade.

Motor vehicles; parts and accessories (8701 to 8705) are a part of Cars, tractors, trucks & parts thereof.. They include Other Motor vehicle parts, Others parts and accessories of bodies for motor vehicle, Transmissions for motor vehicles, Brake system parts except linings, Drive axles with differential for motor vehicles, Wheels including parts/accessories for motor vehicles, Steering wheels, columns & boxes for motor vehicles, Shock absorbers for motor vehicles, Clutches and parts for motor vehicles, and Mufflers and exhaust pipes for motor vehicles, among others.

Exports In 2022 the top exporters of Motor vehicles; parts and accessories (8701 to 8705)  were Germany ($61.8B), China ($50B), United States ($38.9B), Mexico ($38.1B), and Japan ($30.6B).

Imports In 2022 the top importers of Motor vehicles; parts and accessories (8701 to 8705) were United States ($88B), Germany ($41.7B), Mexico ($29.3B), China ($23.2B), and Canada ($17.4B).

Ranking Motor vehicles; parts and accessories (8701 to 8705) ranks 217th in the Product Complexity Index (PCI).

Description Parts and accessories for tractors are used in the production of other goods. They can be made from a variety of materials, including steel, aluminum, and plastic.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Motor vehicles; parts and accessories (8701 to 8705). Countries are shown based on data availability.

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

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* 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$61.8B
Top Destination (2022)United States$88B

In 2022 Motor vehicles; parts and accessories (8701 to 8705) were the world's 9th most traded product (out of 1,218).

In 2022, the top exporters of Motor vehicles; parts and accessories (8701 to 8705) were Germany ($61.8B), China ($50B), United States ($38.9B), Mexico ($38.1B), and Japan ($30.6B).

In 2022, the top importers of Motor vehicles; parts and accessories (8701 to 8705) were United States ($88B), Germany ($41.7B), Mexico ($29.3B), China ($23.2B), and Canada ($17.4B).

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Exporters of Motor vehicles; parts and accessories (8701 to 8705) (2022)
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Importers of Motor vehicles; parts and accessories (8701 to 8705) (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Mexico$7.38B
Top Destination Growth (2021 -  2022)United States$10.4B

Between 2021 and 2022, the exports of Motor vehicles; parts and accessories (8701 to 8705) grew the fastest in Mexico ($7.38B), China ($6.36B), United States ($4.82B), Canada ($1.89B), and Turkey ($841M).

Between 2021 and 2022, the fastest growing importers of Motor vehicles; parts and accessories (8701 to 8705) were United States ($10.4B), Mexico ($3.44B), Canada ($2.83B), Spain ($1.17B), and Indonesia ($1.01B).

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Exporters of Motor vehicles; parts and accessories (8701 to 8705) (2021 - 2022)

Importers of Motor vehicles; parts and accessories (8701 to 8705) (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Motor vehicles; parts and accessories (8701 to 8705).

In 2022, market concentration measured using Shannon Entropy, was 4.47. This means that most of the exports of Motor vehicles; parts and accessories (8701 to 8705) are explained by 22 countries.

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Value of Exports in Motor vehicles; parts and accessories (8701 to 8705)

Net Trade

TOP NET EXPORTER (2022)China$26.8B
TOP NET IMPORTER (2022)United States$49.1B

This map shows which countries export or import more of Motor vehicles; parts and accessories (8701 to 8705). Each country is colored based on the difference in exports and imports of Motor vehicles; parts and accessories (8701 to 8705) during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Motor vehicles; parts and accessories (8701 to 8705) were China ($26.8B), Japan ($22.7B), Germany ($20.2B), South Korea ($15B), and Mexico ($8.8B).

In 2022, the countries that had a largest trade value in imports than in exports of Motor vehicles; parts and accessories (8701 to 8705) were United States ($49.1B), United Kingdom ($6.74B), Brazil ($5.41B), Canada ($4.53B), and Slovakia ($4.33B).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Motor vehicles; parts and accessories (8701..., disaggragated by their HS6 level were Other Motor vehicle parts ($104B), Others parts and accessories of bodies... ($78.2B), Transmissions for motor vehicles ($69.2B), Brake system parts except linings ($35.2B), and Drive axles with differential for motor... ($28.4B)

HS6 Disaggregation for Motor vehicles; parts and accessories (8701 to 8705) (2022)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Motor vehicles; parts and accessories (8701 to 8705).
It is possible to select the main countries that export or import Motor vehicles; parts and accessories (8701 to 8705) in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Motor vehicles; parts and accessories (8701 to 8705) by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $974M
TOP IMPORT POTENTIALChina+ $697M

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is United States. With an export gap of $974M.  Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is China with an import gap of $697M.

See methodology.

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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 Motor vehicles; parts and accessories (8701 to 8705).

Country by Relatedness

The following visualization shows the relatedness of Motor vehicles; parts and accessories (8701 to 8705) 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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