Overview: This page contains the latest trade data of Vehicle Parts. In 2019, Vehicle Parts were the world's 6th most traded product, with a total trade of $391B. Between 2018 and 2019 the exports of Vehicle Parts decreased by -5.48%, from $414B to $391B. Trade in Vehicle Parts represent 2.16% of total world trade.
Exports: In 2019 the top exporters of Vehicle Parts were Germany ($62.9B), United States ($41.2B), Japan ($33.2B), China ($33.1B), and Mexico ($31.2B).
Imports: In 2019 the top importers of Vehicle Parts were United States ($71.6B), Germany ($41.1B), Mexico ($27.2B), China ($22.9B), and Canada ($20.2B).
Tariffs: In 2018 the average tariff for Vehicle Parts was 8.36%, making it the 518th 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 148th in the Product Complexity Index (PCI).
Description: Parts and accessories for tractors are used in the production of other goods. They can be made from a variety of materials, including steel, aluminum, and plastic.