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. 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 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.

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Vehicle 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.

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

Explore Latest Trends

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2020): Germany, $54.6B

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

Vehicle Parts are the world's 8th most traded product.

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).

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).

Explore Visualizations

Market Dynamics

#permalink to section

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 Vehicle Parts 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 Vehicle Parts were China ($1.04B), South Korea ($233M), Iran ($145M), Chinese Taipei ($121M), and Saudi Arabia ($74.2M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

Value

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

In 2020,  market concentration measured using Shannon Entropy, was 4.47. This means that most of the exports of Vehicle Parts are explained by 22 countries.

Explore Visualizations

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 Vehicle Parts. Each country is colored based on the difference in exports and imports of Vehicle Parts during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Vehicle Parts 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 Vehicle Parts were United States ($30.4B), Russia ($6.72B), United Kingdom ($5.63B), Canada ($5.52B), and Brazil ($4.11B).

Disaggregation

#permalink to section
Value

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

Country Comparison

#permalink to section
Flow
Measure
Ranking

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

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
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

#permalink to section

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