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870850 (Harmonized System 1992 for 6-digit)

2022
World Trade $28.4BRnk 114 / 4648
2022
Top Exporter | Top Importer $5.03B | $6.45BGermany | United States
2022
Product Complexity 1.37Rnk 289 / 4653
2021 - 2022
Export Growth (CAGR) 3.27%Rnk 2489 / 4648
2022
Share of World Trade 0.12%Rnk 114 / 4648

About

Overview This page contains the latest trade data of Drive axles with differential for motor vehicles. In 2022, Drive axles with differential for motor vehicles were the world's 114th most traded product, with a total trade of $28.4B. Between 2021 and 2022 the exports of Drive axles with differential for motor vehicles grew by 3.27%, from $27.5B to $28.4B. Trade in Drive axles with differential for motor vehicles represent 0.12% of total world trade.

Drive axles with differential for motor vehicles are a part of Motor vehicles; parts and accessories (8701 to 8705).

Exports In 2022 the top exporters of Drive axles with differential for motor vehicles  were Germany ($5.03B), United States ($3B), Mexico ($2.75B), China ($2.39B), and Japan ($2.31B).

Imports In 2022 the top importers of Drive axles with differential for motor vehicles were United States ($6.45B), Mexico ($2.8B), Germany ($2.41B), Canada ($1.27B), and United Kingdom ($1.06B).

Ranking Drive axles with differential for motor vehicles ranks 289th in the Product Complexity Index (PCI).

Description The axles with differential are used to provide power to the wheels. They allow the wheels to rotate at different speeds. This is important on a vehicle because the wheels on one side of the vehicle will typically have a longer distance to travel than the other side.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Drive axles with differential for motor vehicles. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)Germany$5.03B
Top Destination (2022)United States$6.45B

In 2022 Drive axles with differential for motor vehicles were the world's 114th most traded product (out of 4,648).

In 2022, the top exporters of Drive axles with differential for motor vehicles were Germany ($5.03B), United States ($3B), Mexico ($2.75B), China ($2.39B), and Japan ($2.31B).

In 2022, the top importers of Drive axles with differential for motor vehicles were United States ($6.45B), Mexico ($2.8B), Germany ($2.41B), Canada ($1.27B), and United Kingdom ($1.06B).

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Exporters of Drive axles with differential for motor vehicles (2022)
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Importers of Drive axles with differential for motor vehicles (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$500M
Top Destination Growth (2021 -  2022)United States$499M

Between 2021 and 2022, the exports of Drive axles with differential for motor vehicles grew the fastest in United States ($500M), Mexico ($332M), China ($261M), India ($105M), and Germany ($91.4M).

Between 2021 and 2022, the fastest growing importers of Drive axles with differential for motor vehicles were United States ($499M), Canada ($312M), Mexico ($279M), Indonesia ($143M), and Poland ($126M).

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Exporters of Drive axles with differential for motor vehicles (2021 - 2022)

Importers of Drive axles with differential for motor vehicles (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Drive axles with differential for motor vehicles.

In 2022, market concentration measured using Shannon Entropy, was 4.18. This means that most of the exports of Drive axles with differential for motor vehicles are explained by 18 countries.

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Value of Exports in Drive axles with differential for motor vehicles

Net Trade

TOP NET EXPORTER (2022)Germany$2.62B
TOP NET IMPORTER (2022)United States$3.45B

This map shows which countries export or import more of Drive axles with differential for motor vehicles. Each country is colored based on the difference in exports and imports of Drive axles with differential for motor vehicles during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Drive axles with differential for motor vehicles were Germany ($2.62B), Japan ($2.03B), South Korea ($1.47B), China ($1.42B), and Italy ($1.19B).

In 2022, the countries that had a largest trade value in imports than in exports of Drive axles with differential for motor vehicles were United States ($3.45B), Canada ($794M), United Kingdom ($782M), Netherlands ($683M), and Brazil ($456M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Drive axles with differential for motor vehicles.
It is possible to select the main countries that export or import Drive axles with differential for motor vehicles in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Drive axles with differential for motor vehicles by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2022)

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