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870880 (Harmonized System 1992 for 6-digit)

2023
World Trade $25.8BRnk 120 / 4644
2023
Top Exporter | Top Importer $4.33B | $5.82BChina | United States
2023
Product Complexity 1.29Rnk 345 / 4656
2022 - 2023
Export Growth (CAGR) 9.48%Rnk 712 / 4644
2023
Share of World Trade 0.11%Rnk 120 / 4644

About

Overview This page contains the latest trade data of Shock absorbers for motor vehicles. In 2023, Shock absorbers for motor vehicles were the world's 120th most traded product, with a total trade of $25.8B. Between 2022 and 2023 the exports of Shock absorbers for motor vehicles grew by 9.48%, from $23.5B to $25.8B. Trade in Shock absorbers for motor vehicles represent 0.11% of total world trade.

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

Exports In 2023 the top exporters of Shock absorbers for motor vehicles  were China ($4.33B), Germany ($3.8B), Mexico ($2.61B), United States ($2.23B), and Poland ($1.45B).

Imports In 2023 the top importers of Shock absorbers for motor vehicles were United States ($5.82B), Germany ($2.78B), Mexico ($2.05B), Canada ($1.43B), and Poland ($1.08B).

Ranking Shock absorbers for motor vehicles ranks 345th 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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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 (2023)China$4.33B
Top Destination (2023)United States$5.82B

In 2023 Shock absorbers for motor vehicles were the world's 120th most traded product (out of 4,644).

In 2023, the top exporters of Shock absorbers for motor vehicles were China ($4.33B), Germany ($3.8B), Mexico ($2.61B), United States ($2.23B), and Poland ($1.45B).

In 2023, the top importers of Shock absorbers for motor vehicles were United States ($5.82B), Germany ($2.78B), Mexico ($2.05B), Canada ($1.43B), and Poland ($1.08B).

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Exporters of Shock absorbers for motor vehicles (2023)
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Importers of Shock absorbers for motor vehicles (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$442M
Top Destination Growth (2022 -  2023)Germany$388M

Between 2022 and 2023, the exports of Shock absorbers for motor vehicles grew the fastest in Germany ($442M), Poland ($349M), United States ($264M), Mexico ($191M), and Czechia ($136M).

Between 2022 and 2023, the fastest growing importers of Shock absorbers for motor vehicles were Germany ($388M), Poland ($300M), Canada ($205M), United Kingdom ($192M), and Slovakia ($174M).

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Exporters of Shock absorbers for motor vehicles (2022 - 2023)

Importers of Shock absorbers for motor vehicles (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.24. This means that most of the exports of Shock absorbers for motor vehicles are explained by 18 countries.

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Value of Exports in Shock absorbers for motor vehicles

Net Trade

TOP NET EXPORTER (2023)China$3.4B
TOP NET IMPORTER (2023)United States$3.59B

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Shock absorbers for motor vehicles were China ($3.4B), Germany ($1.02B), South Korea ($767M), Japan ($696M), and Turkey ($632M).

In 2023, the countries that had a largest trade value in imports than in exports of Shock absorbers for motor vehicles were United States ($3.59B), United Kingdom ($541M), Canada ($509M), Russia ($328M), and United Arab Emirates ($249M).

Net Trade (2023)

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 (2023)

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