HS Icon Parts and accessories of bodies nes for motor vehicle

870829 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $71.8B, Rnk 27 / 4648

2019
Top Exporter | Top Importer
: $11.5B | $14.6B, Germany | United States

2019
Product Complexity
: 0.91, Rnk 916 / 4826

2018 - 2019
Export Growth (CAGR)
: -2.73%, Rnk 2151 / 4648

2018
Mean Tariff
: 9.32%, Rnk 2448 / 6538

 2019
Share of World Trade
: 0.4%, Rnk 27 / 4648

Overview:  This page contains the latest trade data of Parts and accessories of bodies nes for motor vehicle. In 2019, Parts and accessories of bodies nes for motor vehicle were the world's 27th most traded product, with a total trade of $71.8B. Between 2018 and 2019 the exports of Parts and accessories of bodies nes for motor vehicle decreased by -2.73%, from  $73.8B to $71.8B. Trade in Parts and accessories of bodies nes for motor vehicle represent 0.4% of total world trade.

Exports: In 2019 the top exporters of Parts and accessories of bodies nes for motor vehicle  were Germany ($11.5B), United States ($8.96B), Mexico ($6.42B), China ($5.33B), and Czechia ($5.04B).

Imports: In 2019 the top importers of Parts and accessories of bodies nes for motor vehicle were United States ($14.6B), Germany ($8.81B), Canada ($5.37B), Mexico ($4.78B), and China ($3.75B).

Tariffs: In 2018 the average tariff for Parts and accessories of bodies nes for motor vehicle was 9.32%, making it the 2448th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts and accessories of bodies nes for motor vehicle are Maldives (41.5%), Bermuda (35%), Pakistan (35%), Trinidad and Tobago (33.1%), and Cape Verde (30%). The countries with the lowest tariffs are Ghana (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Parts and accessories of bodies nes for motor vehicle ranks 916th in the Product Complexity Index (PCI).

Description: The common parts and accessories of automobiles include tires, wipers, oils, transmission, brakes, and seats.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $11.5B

Top Destination (2019): United States, $14.6B

Parts and accessories of bodies nes for motor vehicle are the world's 27th most traded product.

In 2019, the top exporters of Parts and accessories of bodies nes for motor vehicle were Germany ($11.5B), United States ($8.96B), Mexico ($6.42B), China ($5.33B), and Czechia ($5.04B).

In 2019, the top importers of Parts and accessories of bodies nes for motor vehicle were United States ($14.6B), Germany ($8.81B), Canada ($5.37B), Mexico ($4.78B), and China ($3.75B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $283M

Top Destination Growth (2018 - 2019): Slovakia, $278M

Between 2018 and 2019, the exports of Parts and accessories of bodies nes for motor vehicle grew the fastest in China ($283M), Mexico ($224M), Poland ($130M), Czechia ($80.2M), and Vietnam ($31.3M).

Between 2018 and 2019, the fastest growing importers of Parts and accessories of bodies nes for motor vehicle were Slovakia ($278M), Belgium ($148M), Hungary ($134M), Vietnam ($86.1M), and Thailand ($55.5M).

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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 Parts and accessories of bodies nes for motor vehicle.

In 2019,  market concentration measured using Shannon Entropy, was 4.35. This means that most of the exports of Parts and accessories of bodies nes for motor vehicle are explained by 20 countries.

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TOP NET EXPORTER (2019): Czechia, $2.78B

TOP NET IMPORTER (2019): United States, $5.65B

This map shows which countries export or import more of Parts and accessories of bodies nes for motor vehicle. Each country is colored based on the difference in exports and imports of Parts and accessories of bodies nes for motor vehicle during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Parts and accessories of bodies nes for motor vehicle were Czechia ($2.78B), Germany ($2.65B), South Korea ($2.25B), Japan ($2.24B), and Poland ($1.86B).

In 2019, the countries that had a largest trade value in imports than in exports of Parts and accessories of bodies nes for motor vehicle were United States ($5.65B), United Kingdom ($1.65B), Russia ($1.48B), Canada ($1.26B), and Slovakia ($965M).

Import Tariffs

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In 2018, the average tariff for importing Parts and accessories of bodies nes for motor vehicle was 9.32%.  The countries with the highest tariffs for importing Parts and accessories of bodies nes for motor vehicle were Maldives (41.5%), Bermuda (35%), Pakistan (35%), Trinidad and Tobago (33.1%), and Cape Verde (30%).

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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.