Motor vehicle parts nes870899 (Harmonized System 1992 for 6-digit)
World Trade (2018): $99.3B, Rnk 18 / 4726
Top Exporter (2018): $11.5B, Germany
Top Importer (2018): $17.6B, United States
Product Complexity (2018): 0.68, Rnk 789 / 2722
Export Growth (CAGR)(2017 - 2018): 10.1%, Rnk 2652 / 4726
Mean Tariff (2018): 8.7%, Rnk 2637 / 6538
Share of World Trade (2018): 0.54%, Rnk 18 / 4726
Overview: This page contains the latest trade data of Motor vehicle parts nes. In 2018, Motor vehicle parts nes were the world's 18th most traded product, with a total trade of $99.3B. Between 2017 and 2018 the exports of Motor vehicle parts nes grew by 10.1%, from $90.2B to $99.3B. Trade in Motor vehicle parts nes represent 0.54% of total world trade.
Exports: In 2018 the top exporters of Motor vehicle parts nes were Germany ($11.5B), South Korea ($7.8B), United States ($7.31B), Mexico ($6.88B), and China ($6.4B).
Imports: In 2018 the top importers of Motor vehicle parts nes were United States ($17.6B), Germany ($10B), Mexico ($5.93B), France ($4.75B), and Spain ($4.56B).
Tariffs: In 2018 the average tariff for Motor vehicle parts nes was 8.7%, been the 2637 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 789th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): Germany, $11.5B
Top Destination (2018): United States, $17.6B
Motor vehicle parts nes are the world's 18th most traded product.
In 2018, the top exporters of Motor vehicle parts nes were Germany ($11.5B), South Korea ($7.8B), United States ($7.31B), Mexico ($6.88B), and China ($6.4B).
In 2018, the top importers of Motor vehicle parts nes were United States ($17.6B), Germany ($10B), Mexico ($5.93B), France ($4.75B), and Spain ($4.56B).
Trade by country
Top Origin Growth (2017 - 2018): South Korea, $1.94B
Top Destination Growth (2017 - 2018): Germany, $2.04B
Between 2017 and 2018, the exports of Motor vehicle parts nes grew the fastest in South Korea ($1.94B), Spain ($1.9B), United States ($1.86B), Italy ($1.4B), and United Arab Emirates ($1.05B).
Between 2017 and 2018, the fastest growing importers of Motor vehicle parts nes were Germany ($2.04B), Mexico ($940M), Japan ($812M), United States ($788M), and France ($749M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Motor vehicle parts nes.
In 2018, market concentration measured using Shannon Entropy, was 4.71. This means that most of the exports of Motor vehicle parts nes are explained by 26 countries.
TOP NET EXPORTER (2018): South Korea, $6.82B
TOP NET IMPORTER (2018): United States, $10.3B
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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Motor vehicle parts nes were South Korea ($6.82B), Italy ($3.5B), Japan ($2.28B), China ($2.04B), and Germany ($1.5B).
In 2018, the countries that had a largest trade value in imports than in exports of Motor vehicle parts nes were United States ($10.3B), Russia ($1.74B), United Kingdom ($1.13B), Slovakia ($990M), and Brazil ($830M).
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%).
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.
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