Overview This page contains the latest trade data of Vehicle Parts. In 2020, Vehicle Parts were the world's 8th most traded product, with a total trade of $339B. Between 2019 and 2020 the exports of Vehicle Parts decreased by -14.2%, from $395B to $339B. Trade in Vehicle Parts represent 2.02% of total world trade.
Vehicle Parts are a part of Vehicles and their parts. They include Motor vehicle parts nes, Parts and accessories of bodies nes for motor vehicle, Transmissions for motor vehicles, Brake system parts except linings for motor vehicles, 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 thereof for motor vehicles, and Mufflers and exhaust pipes for motor vehicles, among others.
Exports In 2020 the top exporters of Vehicle Parts were Germany ($54.6B), China ($32.1B), United States ($31.9B), Japan ($28B), and Mexico ($27.1B).
Imports In 2020 the top importers of Vehicle Parts were United States ($62.3B), Germany ($36B), China ($23.9B), Mexico ($21.6B), and Canada ($14.6B).
Tariffs In 2018 the average tariff for Vehicle Parts was 8.42%, making it the 511th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Vehicle Parts are Maldives (41.5%), Pakistan (35%), and Cape Verde (30%). The countries with the lowest tariffs are Ghana (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).
Ranking Vehicle Parts ranks 179th 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.