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851290 (Harmonized System 1992 for 6-digit)

2023
World Trade $9.31BRnk 394 / 4644
2023
Top Exporter | Top Importer $1.53B | $1.92BChina | United States
2023
Product Complexity 0.56Rnk 1552 / 4656
2022 - 2023
Export Growth (CAGR) 2.71%Rnk 1255 / 4644
2023
Share of World Trade 0.041%Rnk 394 / 4644

About

Overview This page contains the latest trade data of Parts of cycle & vehicle light, signal, etc equipment. In 2023, Parts of cycle & vehicle light, signal, etc equipment were the world's 394th most traded product, with a total trade of $9.31B. Between 2022 and 2023 the exports of Parts of cycle & vehicle light, signal, etc equipment grew by 2.71%, from $9.06B to $9.31B. Trade in Parts of cycle & vehicle light, signal, etc equipment represent 0.041% of total world trade.

Parts of cycle & vehicle light, signal, etc equipment are a part of Electrical Lighting and Signalling Equipment.

Exports In 2023 the top exporters of Parts of cycle & vehicle light, signal, etc equipment  were China ($1.53B), Germany ($1.05B), Mexico ($1.01B), South Korea ($469M), and Japan ($467M).

Imports In 2023 the top importers of Parts of cycle & vehicle light, signal, etc equipment were United States ($1.92B), Mexico ($905M), Germany ($688M), Czechia ($682M), and Japan ($384M).

Ranking Parts of cycle & vehicle light, signal, etc equipment ranks 1552nd in the Product Complexity Index (PCI).

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Latest Trends

Latest Data

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The following visualization shows the latest trends on Parts of cycle & vehicle light, signal, etc equipment. 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 (2023)China$1.53B
Top Destination (2023)United States$1.92B

In 2023 Parts of cycle & vehicle light, signal, etc equipment were the world's 394th most traded product (out of 4,644).

In 2023, the top exporters of Parts of cycle & vehicle light, signal, etc equipment were China ($1.53B), Germany ($1.05B), Mexico ($1.01B), South Korea ($469M), and Japan ($467M).

In 2023, the top importers of Parts of cycle & vehicle light, signal, etc equipment were United States ($1.92B), Mexico ($905M), Germany ($688M), Czechia ($682M), and Japan ($384M).

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Exporters of Parts of cycle & vehicle light, signal, etc equipment (2023)
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Importers of Parts of cycle & vehicle light, signal, etc equipment (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$59.6M
Top Destination Growth (2022 -  2023)South Korea$103M

Between 2022 and 2023, the exports of Parts of cycle & vehicle light, signal, etc equipment grew the fastest in United States ($59.6M), Serbia ($53.9M), France ($46.5M), China ($37.5M), and Honduras ($36.9M).

Between 2022 and 2023, the fastest growing importers of Parts of cycle & vehicle light, signal, etc equipment were South Korea ($103M), Mexico ($48.9M), Slovakia ($47.2M), Hong Kong ($43.9M), and Poland ($43.5M).

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Exporters of Parts of cycle & vehicle light, signal, etc equipment (2022 - 2023)

Importers of Parts of cycle & vehicle light, signal, etc equipment (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts of cycle & vehicle light, signal, etc equipment.

In 2023, market concentration measured using Shannon Entropy, was 4.52. This means that most of the exports of Parts of cycle & vehicle light, signal, etc equipment are explained by 22 countries.

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Value of Exports in Parts of cycle & vehicle light, signal, etc equipment

Net Trade

TOP NET EXPORTER (2023)China$1.17B
TOP NET IMPORTER (2023)United States$1.5B

This map shows which countries export or import more of Parts of cycle & vehicle light, signal, etc equipment. Each country is colored based on the difference in exports and imports of Parts of cycle & vehicle light, signal, etc equipment during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Parts of cycle & vehicle light, signal, etc equipment were China ($1.17B), Germany ($363M), South Korea ($302M), Thailand ($167M), and Chinese Taipei ($158M).

In 2023, the countries that had a largest trade value in imports than in exports of Parts of cycle & vehicle light, signal, etc equipment were United States ($1.5B), Czechia ($451M), Slovakia ($239M), India ($153M), and United Kingdom ($148M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Parts of cycle & vehicle light, signal, etc equipment.
It is possible to select the main countries that export or import Parts of cycle & vehicle light, signal, etc equipment in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Parts of cycle & vehicle light, signal, etc equipment 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 (2023)

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