Cars, tractors, trucks & parts thereof. in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $133B in Cars, tractors, trucks & parts thereof., making it the 4th largest exporter of Cars, tractors, trucks & parts thereof. in the world. At the same year, Cars, tractors, trucks & parts thereof. was the 4th most exported product in United States. The main destination of Cars, tractors, trucks & parts thereof. exports from United States are: Canada ($51.8B), Mexico ($22.5B), Germany ($7.94B), China ($7.57B), and South Korea ($4.25B).

The fastest growing export markets for Cars, tractors, trucks & parts thereof. of United States between 2021 and 2022 were Canada ($8.38B), Mexico ($3.81B), and United Arab Emirates ($1.1B).

Imports In 2022, United States imported $308B in Cars, tractors, trucks & parts thereof., becoming the 1st largest importer of Cars, tractors, trucks & parts thereof. in the world. At the same year, Cars, tractors, trucks & parts thereof. was the 4th most imported product in United States. United States imports Cars, tractors, trucks & parts thereof. primarily from: Mexico ($96.1B), Canada ($45.4B), Japan ($44.1B), South Korea ($30.4B), and Germany ($26.7B).

The fastest growing import markets in Cars, tractors, trucks & parts thereof. for United States between 2021 and 2022 were Mexico ($8.1B), South Korea ($6.21B), and Canada ($5.41B).

COMPANIES In 2023, leading companies such as Robert Bosch (7.5k), ZF Friedrichshafen (6.46k), and Kubota (4.37k) were at the forefront of shipping Cars, tractors, trucks & parts thereof. to the United States.

Latest Trends

July 2024

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Overview In July 2024 United States' Cars, tractors, trucks & parts thereof. exports accounted up to $11.2B and imports accounted up to $32.4B, resulting in a negative trade balance of $21.2B. Between July 2023 and July 2024 the exports of United States' Cars, tractors, trucks & parts thereof. have decreased by $-1.98B (-15%) from $13.2B to $11.2B, while imports increased by $767M (2.42%) from $31.7B to $32.4B.

Destinations In July 2024, Cars, tractors, trucks & parts thereof. were exported mostly to Canada ($3.79B), Mexico ($2.25B), Germany ($703M), China ($525M), and Australia ($524M), and were imported mostly from Mexico ($11.4B), Japan ($4.86B), South Korea ($3.78B), Canada ($3.38B), and Germany ($2.97B).

Growth In July 2024, the decrease in Cars, tractors, trucks & parts thereof.'s year-by-year exports was explained primarily by a decrease in exports to Chinese Taipei ($-84.9M or -71.8%), Russia ($-65.9M or -98.3%), and Ukraine ($-47.6M or -62.1%). In July 2024, the increase in Cars, tractors, trucks & parts thereof.'s year-by-year imports was explained primarily by an increase in imports from Mexico ($1.71B or 21.4%), Canada ($1.36B or 48.6%), and Germany ($1.26B or 70.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)$-1.98B(-15%)

IMPORT GROWTH (July 2023 - July 2024)$767M(2.42%)

MAIN EXPORTER (July 2024)Michigan$2.25B

MAIN DESTINATION (July 2024)Canada$3.79B

This section shows Cars, tractors, trucks & parts thereof.'s exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Cars, tractors, trucks & parts thereof. over time.

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