Motor vehicles; parts and accessories (8701 to 8705) in   China

Overview In December 2024 China's Motor vehicles; parts and accessories (8701 to 8705) exports accounted up to $5.33B and imports accounted up to $1.51B, resulting in a positive trade balance of $3.83B. Between December 2023 and December 2024 the exports of China's   Motor vehicles; parts and accessories (8701 to 8705) have increased by $1.06B (24.8%) from $4.27B to $5.33B, while imports decreased by $-689M (-31.4%) from $2.2B to $1.51B.

Destinations In December 2024, Motor vehicles; parts and accessories (8701 to 8705) were exported mostly to United States ($1.02B), Mexico ($376M), Japan ($357M), Germany ($272M), and Russia ($259M), and were imported mostly from Japan ($401M), Germany ($398M), South Korea ($112M), United States ($85.2M), and Romania ($78.3M).

Growth In December 2024, the increase in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year exports was explained primarily by an increase in exports to United States ($161M or 17.2%), Japan ($75.2M or 22.2%), and Russia ($49.1M or 30.1%). In December 2024, the decrease in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year imports was explained primarily by a decrease in imports from Japan ($-90.3M or -30.8%), France ($-39M or -39.2%), and United States ($-13.8M or -11.5%).