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870895 (Harmonized System 2007 for 6-digit)

2023
World Trade $10.7BRnk 336 / 5026
2023
Top Exporter | Top Importer $2.12B | $2.21BMexico | United States
2023
Product Complexity 0.65Rnk 1490 / 5035
2022 - 2023
Export Growth (CAGR) 11%Rnk 679 / 5026
2023
Share of World Trade 0.047%Rnk 336 / 5026

About

Overview This page contains the latest trade data of Vehicle Parts, Airbags with inflater system. In 2023, Vehicle Parts, Airbags with inflater system were the world's 336th most traded product, with a total trade of $10.7B. Between 2022 and 2023 the exports of Vehicle Parts, Airbags with inflater system grew by 11%, from $9.62B to $10.7B. Trade in Vehicle Parts, Airbags with inflater system represent 0.047% of total world trade.

Vehicle Parts, Airbags with inflater system are a part of Motor vehicles; parts and accessories, of heading no. 8701 to 8705.

Exports In 2023 the top exporters of Vehicle Parts, Airbags with inflater system  were Mexico ($2.12B), United States ($1.22B), China ($938M), Germany ($927M), and Poland ($880M).

Imports In 2023 the top importers of Vehicle Parts, Airbags with inflater system were United States ($2.21B), Mexico ($1.2B), Germany ($893M), Japan ($677M), and Poland ($630M).

Ranking Vehicle Parts, Airbags with inflater system ranks 1490th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Vehicle Parts, Airbags with inflater system. 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$2.12B
Top Destination (2023)United States$2.21B

In 2023 Vehicle Parts, Airbags with inflater system were the world's 336th most traded product (out of 5,026).

In 2023, the top exporters of Vehicle Parts, Airbags with inflater system were Mexico ($2.12B), United States ($1.22B), China ($938M), Germany ($927M), and Poland ($880M).

In 2023, the top importers of Vehicle Parts, Airbags with inflater system were United States ($2.21B), Mexico ($1.2B), Germany ($893M), Japan ($677M), and Poland ($630M).

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Exporters of Vehicle Parts, Airbags with inflater system (2023)
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Importers of Vehicle Parts, Airbags with inflater system (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Mexico$191M
Top Destination Growth (2022 -  2023)United States$183M

Between 2022 and 2023, the exports of Vehicle Parts, Airbags with inflater system grew the fastest in Mexico ($191M), Romania ($143M), Poland ($135M), United States ($102M), and China ($82.9M).

Between 2022 and 2023, the fastest growing importers of Vehicle Parts, Airbags with inflater system were United States ($183M), Germany ($162M), Mexico ($118M), Hungary ($115M), and Japan ($95.6M).

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Exporters of Vehicle Parts, Airbags with inflater system (2022 - 2023)

Importers of Vehicle Parts, Airbags with inflater system (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Vehicle Parts, Airbags with inflater system.

In 2023, market concentration measured using Shannon Entropy, was 4.06. This means that most of the exports of Vehicle Parts, Airbags with inflater system are explained by 16 countries.

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Value of Exports in Vehicle Parts, Airbags with inflater system

Net Trade

TOP NET EXPORTER (2023)Mexico$921M
TOP NET IMPORTER (2023)United States$992M

This map shows which countries export or import more of Vehicle Parts, Airbags with inflater system. Each country is colored based on the difference in exports and imports of Vehicle Parts, Airbags with inflater system during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Vehicle Parts, Airbags with inflater system were Mexico ($921M), China ($496M), Thailand ($434M), Romania ($420M), and Vietnam ($381M).

In 2023, the countries that had a largest trade value in imports than in exports of Vehicle Parts, Airbags with inflater system were United States ($992M), Japan ($371M), South Korea ($242M), Brazil ($209M), and Canada ($189M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Vehicle Parts, Airbags with inflater system.
It is possible to select the main countries that export or import Vehicle Parts, Airbags with inflater system in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Vehicle Parts, Airbags with inflater system 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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