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

About

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

August 2024

About

Overview In August 2024 United States' Cars, tractors, trucks & parts thereof. exports accounted up to $12.7B and imports accounted up to $31.9B, resulting in a negative trade balance of $19.2B. Between August 2023 and August 2024 the exports of United States' Cars, tractors, trucks & parts thereof. have decreased by $-1.13B (-8.17%) from $13.9B to $12.7B, while imports decreased by $-662M (-2.03%) from $32.6B to $31.9B.

Destinations In August 2024, Cars, tractors, trucks & parts thereof. were exported mostly to Canada ($4.89B), Mexico ($2.55B), Germany ($757M), Australia ($561M), and China ($515M), and were imported mostly from Mexico ($11.6B), Japan ($4.01B), Canada ($3.99B), South Korea ($3.53B), and Germany ($2.72B).

Growth In August 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 ($-47.6M or -62.1%). In August 2024, the decrease in Cars, tractors, trucks & parts thereof.'s year-by-year imports was explained primarily by a decrease in imports from Japan ($-826M or -20.1%), Finland ($-109M or -74.8%), and China ($-103M or -7.25%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)$-1.13B(-8.17%)

IMPORT GROWTH (August 2023 - August 2024)$-662M(-2.03%)

MAIN EXPORTER (August 2024)Michigan$2.25B

MAIN DESTINATION (August 2024)Canada$4.89B

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.

For full datasets download visit Bulk Download page.

Go to Bulk Download