Vehicle Parts8708 (Harmonized System 1992 for 4-digit)
World Trade (2018): $396B, Rnk 6 / 1225
Top Exporter (2018): $68.1B, Germany
Top Importer (2018): $73.6B, United States
Product Complexity (2018): 1.01, Rnk 170 / 1018
Export Growth (CAGR)(2017 - 2018): 8.77%, Rnk 827 / 1225
Mean Tariff (2018): 8.36%, Rnk 518 / 1259
Share of World Trade (2018): 2.16%, Rnk 6 / 1225
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 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).
Trade By Country
Top Origin (2018): Germany, $68.1B
Top Destination (2018): United States, $73.6B
Vehicle Parts are the world's 6th most traded product.
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).
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).
Trade by country
Top Origin Growth (2017 - 2018): Germany, $4.01B
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).
Cumulative market share
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.
TOP NET EXPORTER (2018): Japan, $26.9B
TOP NET IMPORTER (2018): United States, $46.6B
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.
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