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870880 (Harmonized System 1992 for 6-digit)

2022
World Trade $23.5BRnk 134 / 4648
2022
Top Exporter | Top Importer $4.37B | $5.44BChina | United States
2022
Product Complexity 1.27Rnk 413 / 4653
2021 - 2022
Export Growth (CAGR) 9.62%Rnk 1648 / 4648
2022
Share of World Trade 0.099%Rnk 134 / 4648

About

Overview This page contains the latest trade data of Shock absorbers for motor vehicles. In 2022, Shock absorbers for motor vehicles were the world's 134th most traded product, with a total trade of $23.5B. Between 2021 and 2022 the exports of Shock absorbers for motor vehicles grew by 9.62%, from $21.5B to $23.5B. Trade in Shock absorbers for motor vehicles represent 0.099% of total world trade.

Shock absorbers for motor vehicles are a part of Motor vehicles; parts and accessories (8701 to 8705).

Exports In 2022 the top exporters of Shock absorbers for motor vehicles  were China ($4.37B), Germany ($3.63B), Mexico ($2.32B), United States ($2.24B), and Poland ($1.22B).

Imports In 2022 the top importers of Shock absorbers for motor vehicles were United States ($5.44B), Germany ($2.23B), Mexico ($1.82B), Canada ($1.26B), and China ($988M).

Ranking Shock absorbers for motor vehicles ranks 413th in the Product Complexity Index (PCI).

Description Shock absorbers are devices that prevent the vehicle's wheels from bouncing up and down when they hit an object on the road. The shock absorber is a hydraulic device that compresses and decompresses, absorbing the shock of the impact.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Shock absorbers 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)China$4.37B
Top Destination (2022)United States$5.44B

In 2022 Shock absorbers for motor vehicles were the world's 134th most traded product (out of 4,648).

In 2022, the top exporters of Shock absorbers for motor vehicles were China ($4.37B), Germany ($3.63B), Mexico ($2.32B), United States ($2.24B), and Poland ($1.22B).

In 2022, the top importers of Shock absorbers for motor vehicles were United States ($5.44B), Germany ($2.23B), Mexico ($1.82B), Canada ($1.26B), and China ($988M).

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Exporters of Shock absorbers for motor vehicles (2022)
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Importers of Shock absorbers for motor vehicles (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$654M
Top Destination Growth (2021 -  2022)United States$888M

Between 2021 and 2022, the exports of Shock absorbers for motor vehicles grew the fastest in China ($654M), Mexico ($391M), United States ($328M), Canada ($206M), and Poland ($137M).

Between 2021 and 2022, the fastest growing importers of Shock absorbers for motor vehicles were United States ($888M), Mexico ($334M), Canada ($211M), Germany ($154M), and United Kingdom ($61.2M).

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Exporters of Shock absorbers for motor vehicles (2021 - 2022)

Importers of Shock absorbers for motor vehicles (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Shock absorbers for motor vehicles.

In 2022, market concentration measured using Shannon Entropy, was 4.15. This means that most of the exports of Shock absorbers for motor vehicles are explained by 17 countries.

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Value of Exports in Shock absorbers for motor vehicles

Net Trade

TOP NET EXPORTER (2022)China$3.39B
TOP NET IMPORTER (2022)United States$3.2B

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

In 2022, the countries that had a largest trade value in exports than in imports of Shock absorbers for motor vehicles were China ($3.39B), Germany ($1.4B), Japan ($680M), South Korea ($523M), and Mexico ($500M).

In 2022, the countries that had a largest trade value in imports than in exports of Shock absorbers for motor vehicles were United States ($3.2B), Canada ($372M), Russia ($321M), United Kingdom ($299M), and Sweden ($245M).

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 Shock absorbers for motor vehicles.
It is possible to select the main countries that export or import Shock absorbers for motor vehicles in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Shock absorbers 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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