HS Icon Motor vehicles; parts and accessories (8701 to 8705)

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

8708 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Motor vehicles; parts and accessories (8701 to 8705). In 2020, Motor vehicles; parts and accessories (8701 to 8705) were the world's 8th most traded product, with a total trade of $339B. Between 2019 and 2020 the exports of Motor vehicles; parts and accessories (8701 to 8705) decreased by -14.2%, from $395B to $339B. Trade in Motor vehicles; parts and accessories (8701 to 8705) represent 2.02% of total world trade.

Motor vehicles; parts and accessories (8701 to 8705) are a part of Vehicles. 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 2020 the top exporters of Motor vehicles; parts and accessories (8701 to 8705)  were Germany ($54.6B), China ($32.1B), United States ($31.9B), Japan ($28B), and Mexico ($27.1B).

Imports In 2020 the top importers of Motor vehicles; parts and accessories (8701 to 8705) were United States ($62.3B), Germany ($36B), China ($23.9B), Mexico ($21.6B), and Canada ($14.6B).

Tariffs In 2018 the average tariff for Motor vehicles; parts and accessories (8701 to 8705) was 8.42%, making it the 511th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Motor vehicles; parts and accessories (8701 to 8705) 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 Motor vehicles; parts and accessories (8701 to 8705) 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.

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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.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): Germany, $54.6B

Top Destination (2020): United States, $62.3B

Motor vehicles; parts and accessories (8701 to 8705) are the world's 8th most traded product.

In 2020, the top exporters of Motor vehicles; parts and accessories (8701 to 8705) were Germany ($54.6B), China ($32.1B), United States ($31.9B), Japan ($28B), and Mexico ($27.1B).

In 2020, the top importers of Motor vehicles; parts and accessories (8701 to 8705) were United States ($62.3B), Germany ($36B), China ($23.9B), Mexico ($21.6B), and Canada ($14.6B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Belgium, $262M

Top Destination Growth (2019 - 2020): China, $1.04B

Between 2019 and 2020, the exports of Motor vehicles; parts and accessories (8701 to 8705) grew the fastest in Belgium ($262M), Morocco ($237M), United Arab Emirates ($159M), Honduras ($35.1M), and Estonia ($24.4M).

Between 2019 and 2020, the fastest growing importers of Motor vehicles; parts and accessories (8701 to 8705) were China ($1.04B), South Korea ($233M), Iran ($145M), Chinese Taipei ($121M), and Saudi Arabia ($74.2M).

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Market Concentration

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Cumulative market share

Value

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

In 2020,  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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TOP NET EXPORTER (2020): Japan, $21.3B

TOP NET IMPORTER (2020): United States, $30.4B

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 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Motor vehicles; parts and accessories (8701 to 8705) were Japan ($21.3B), Germany ($18.6B), South Korea ($12B), China ($8.24B), and Italy ($5.9B).

In 2020, 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 ($30.4B), Russia ($6.72B), United Kingdom ($5.63B), Canada ($5.52B), and Brazil ($4.11B).

Disaggregation

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Value

In 2020, the world most traded Motor vehicles; parts and accessories (8701..., disaggragated by their HS6 level were Other Motor vehicle parts ($82.4B), Others parts and accessories of bodies... ($62.2B), Transmissions for motor vehicles ($61.5B), Brake system parts except linings ($27.1B), and Drive axles with differential for motor... ($21.6B)

Country Comparison

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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.

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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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.