Overview: This page contains the latest trade data of Vehicle Parts. 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 Partswere 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.
Top Destination Growth (2017 - 2018): United States, $6.52B
Between 2017 and 2018, the exports of Vehicle Parts grew the fastest in Germany ($4.01B), United States ($3.98B), China ($3.16B), Mexico ($2.11B), and Thailand ($2.1B).
Between 2017 and 2018, the fastest growing importers of Vehicle Parts were United States ($6.52B), Mexico ($2.12B), Germany ($2.05B), China ($1.77B), and South Africa ($1.73B).
This chart shows the evolution of the market concentration of exports of Vehicle Parts.
In 2018, market concentration measured using Shannon Entropy, was 4.48. This means that most of the exports of Vehicle Parts are explained by 22 countries.
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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Vehicle Parts were Japan ($26.9B), Germany ($24B), South Korea ($15.3B), Italy ($6.68B), and Canada ($6.2B).
In 2018, the countries that had a largest trade value in imports than in exports of Vehicle Parts were United States ($46.6B), United Kingdom ($8.59B), Russia ($7.7B), Brazil ($3.9B), and Slovakia ($3.14B).
In 2018, the average tariff for importing Vehicle Parts was 8.36%. The countries with the highest tariffs for importing Vehicle Parts were Maldives (41.5%), Pakistan (35%), Cape Verde (30%), Sri Lanka (28.1%), and Bermuda (28%).
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.