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870894 (Harmonized System 1992 for 6-digit)

2023
World Trade $23.2BRnk 139 / 4644
2023
Top Exporter | Top Importer $3.52B | $4.95BMexico | United States
2023
Product Complexity 0.81Rnk 1089 / 4656
2022 - 2023
Export Growth (CAGR) 11.1%Rnk 613 / 4644
2023
Share of World Trade 0.1%Rnk 139 / 4644

About

Overview This page contains the latest trade data of Steering wheels, columns & boxes for motor vehicles. In 2023, Steering wheels, columns & boxes for motor vehicles were the world's 139th most traded product, with a total trade of $23.2B. Between 2022 and 2023 the exports of Steering wheels, columns & boxes for motor vehicles grew by 11.1%, from $20.9B to $23.2B. Trade in Steering wheels, columns & boxes for motor vehicles represent 0.1% of total world trade.

Steering wheels, columns & boxes for motor vehicles are a part of Motor vehicles; parts and accessories (8701 to 8705).

Exports In 2023 the top exporters of Steering wheels, columns & boxes for motor vehicles  were Mexico ($3.52B), Germany ($2.89B), China ($2.74B), United States ($1.9B), and France ($1.36B).

Imports In 2023 the top importers of Steering wheels, columns & boxes for motor vehicles were United States ($4.95B), Germany ($2.37B), Mexico ($2.16B), China ($1.19B), and France ($904M).

Ranking Steering wheels, columns & boxes for motor vehicles ranks 1089th in the Product Complexity Index (PCI).

Description The steering wheel is often used to control the steering of the vehicle. The column is a steel bar that connects the steering wheel to the wheels and is important for transmitting the driver's commands to the vehicle's systems. It also has the ability to shift gears, brake, and accelerate the vehicle. The box is used to contain the steering assembly.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Steering wheels, columns & boxes 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)Mexico$3.52B
Top Destination (2023)United States$4.95B

In 2023 Steering wheels, columns & boxes for motor vehicles were the world's 139th most traded product (out of 4,644).

In 2023, the top exporters of Steering wheels, columns & boxes for motor vehicles were Mexico ($3.52B), Germany ($2.89B), China ($2.74B), United States ($1.9B), and France ($1.36B).

In 2023, the top importers of Steering wheels, columns & boxes for motor vehicles were United States ($4.95B), Germany ($2.37B), Mexico ($2.16B), China ($1.19B), and France ($904M).

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Exporters of Steering wheels, columns & boxes for motor vehicles (2023)
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Importers of Steering wheels, columns & boxes for motor vehicles (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Mexico$556M
Top Destination Growth (2022 -  2023)United States$380M

Between 2022 and 2023, the exports of Steering wheels, columns & boxes for motor vehicles grew the fastest in Mexico ($556M), China ($390M), France ($251M), United States ($247M), and Germany ($199M).

Between 2022 and 2023, the fastest growing importers of Steering wheels, columns & boxes for motor vehicles were United States ($380M), Germany ($293M), Canada ($188M), Mexico ($174M), and Poland ($172M).

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Exporters of Steering wheels, columns & boxes for motor vehicles (2022 - 2023)

Importers of Steering wheels, columns & boxes for motor vehicles (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Steering wheels, columns & boxes for motor vehicles.

In 2023, market concentration measured using Shannon Entropy, was 4.26. This means that most of the exports of Steering wheels, columns & boxes for motor vehicles are explained by 19 countries.

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Value of Exports in Steering wheels, columns & boxes for motor vehicles

Net Trade

TOP NET EXPORTER (2023)China$1.55B
TOP NET IMPORTER (2023)United States$3.04B

This map shows which countries export or import more of Steering wheels, columns & boxes for motor vehicles. Each country is colored based on the difference in exports and imports of Steering wheels, columns & boxes for motor vehicles during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Steering wheels, columns & boxes for motor vehicles were China ($1.55B), Mexico ($1.36B), Romania ($841M), Japan ($674M), and Hungary ($550M).

In 2023, the countries that had a largest trade value in imports than in exports of Steering wheels, columns & boxes for motor vehicles were United States ($3.04B), Canada ($683M), United Kingdom ($503M), Spain ($498M), and Slovakia ($381M).

Net Trade (2023)

Country Comparison

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

Top 10 Exporters Countries of Steering wheels, columns & boxes 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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