Overview: In 2018, Vehicle Parts were the world's 6th most traded product, with a total trade of $396B. Between 2017 and 2018 the exports of Vehicle Parts grew by 8.77%, from $364B to $396B. Trade in Vehicle Parts represent 2.16% of total world trade.
Exports: In 2018 the top exporters of Vehicle Parts were Germany ($68.1B), Japan ($36.3B), China ($34.2B), Mexico ($30.1B), and United States ($27B).
Imports: In 2018 the top importers of Vehicle Parts were United States ($73.6B), Germany ($44.1B), China ($28.5B), Mexico ($27.4B), and France ($16.4B).
Tariffs: In 2018 the average tariff for Vehicle Parts was 8.36%, been the 518 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Vehicle Parts are Maldives (41.5%), Pakistan (35%), Cape Verde (30%), Sri Lanka (28.1%), and Bermuda (28%). The countries with the lowest tariffs are Ghana (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).
Ranking: Vehicle Parts ranks 170th in the Product Complexity Index (PCI).