HS Icon Motor vehicle parts nes

870899 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $96.6B, Rnk 18 / 4648

2019
Top Exporter | Top Importer
: $10.2B | $17.3B, United States | United States

2019
Product Complexity
: 0.82, Rnk 1051 / 4826

2018 - 2019
Export Growth (CAGR)
: -6.09%, Rnk 2817 / 4648

2018
Mean Tariff
: 8.7%, Rnk 2637 / 6538

 2019
Share of World Trade
: 0.53%, Rnk 18 / 4648

Overview:  This page contains the latest trade data of Motor vehicle parts nes. In 2019, Motor vehicle parts nes were the world's 18th most traded product, with a total trade of $96.6B. Between 2018 and 2019 the exports of Motor vehicle parts nes decreased by -6.09%, from  $103B to $96.6B. Trade in Motor vehicle parts nes represent 0.53% of total world trade.

Exports: In 2019 the top exporters of Motor vehicle parts nes  were United States ($10.2B), Germany ($9.86B), South Korea ($7.73B), Mexico ($7.04B), and China ($6.32B).

Imports: In 2019 the top importers of Motor vehicle parts nes were United States ($17.3B), Germany ($9.12B), Mexico ($5.99B), France ($4.5B), and Spain ($4.32B).

Tariffs: In 2018 the average tariff for Motor vehicle parts nes was 8.7%, making it the 2637th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Motor vehicle parts nes are Maldives (41.5%), Pakistan (35%), Bermuda (35%), Cape Verde (30%), and Thailand (28.6%). The countries with the lowest tariffs are Ghana (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Motor vehicle parts nes ranks 1051st in the Product Complexity Index (PCI).

Description: Radiator, headlights, brakes, transmission, fuel pump, engine.

Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $10.2B

Top Destination (2019): United States, $17.3B

Motor vehicle parts nes are the world's 18th most traded product.

In 2019, the top exporters of Motor vehicle parts nes were United States ($10.2B), Germany ($9.86B), South Korea ($7.73B), Mexico ($7.04B), and China ($6.32B).

In 2019, the top importers of Motor vehicle parts nes were United States ($17.3B), Germany ($9.12B), Mexico ($5.99B), France ($4.5B), and Spain ($4.32B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Mexico, $120M

Top Destination Growth (2018 - 2019): Vietnam, $148M

Between 2018 and 2019, the exports of Motor vehicle parts nes grew the fastest in Mexico ($120M), Morocco ($51.8M), Vietnam ($49.3M), Russia ($42.3M), and Turkey ($41.8M).

Between 2018 and 2019, the fastest growing importers of Motor vehicle parts nes were Vietnam ($148M), Kyrgyzstan ($63.8M), Kuwait ($63M), Mexico ($58.6M), and Ukraine ($56.8M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Motor vehicle parts nes.

In 2019,  market concentration measured using Shannon Entropy, was 4.69. This means that most of the exports of Motor vehicle parts nes are explained by 25 countries.

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TOP NET EXPORTER (2019): South Korea, $6.8B

TOP NET IMPORTER (2019): United States, $7.16B

This map shows which countries export or import more of Motor vehicle parts nes. Each country is colored based on the difference in exports and imports of Motor vehicle parts nes during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Motor vehicle parts nes were South Korea ($6.8B), Italy ($3.16B), China ($2.75B), Japan ($2.37B), and Thailand ($1.06B).

In 2019, the countries that had a largest trade value in imports than in exports of Motor vehicle parts nes were United States ($7.16B), Russia ($1.62B), Canada ($1.36B), United Kingdom ($1.2B), and Brazil ($936M).

Import Tariffs

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In 2018, the average tariff for importing Motor vehicle parts nes was 8.7%.  The countries with the highest tariffs for importing Motor vehicle parts nes were Maldives (41.5%), Pakistan (35%), Bermuda (35%), Cape Verde (30%), and Thailand (28.6%).

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Product Complexity

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Diversification Frontier

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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.