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870830 (Harmonized System 2007 for 6-digit)

2023
World Trade $37.1BRnk 80 / 5026
2023
Top Exporter | Top Importer $7.28B | $7.28BChina | United States
2023
Product Complexity 0.93Rnk 965 / 5035
2022 - 2023
Export Growth (CAGR) 5.09%Rnk 1124 / 5026
2023
Share of World Trade 0.16%Rnk 80 / 5026

About

Overview This page contains the latest trade data of Vehicle parts: Brakes, servo-brake and parts. In 2023, Vehicle parts: Brakes, servo-brake and parts were the world's 80th most traded product, with a total trade of $37.1B. Between 2022 and 2023 the exports of Vehicle parts: Brakes, servo-brake and parts grew by 5.09%, from $35.3B to $37.1B. Trade in Vehicle parts: Brakes, servo-brake and parts represent 0.16% of total world trade.

Vehicle parts: Brakes, servo-brake and parts are a part of Motor vehicles; parts and accessories, of heading no. 8701 to 8705.

Exports In 2023 the top exporters of Vehicle parts: Brakes, servo-brake and parts  were China ($7.28B), Germany ($5.29B), Mexico ($3.8B), United States ($2.8B), and Italy ($2.6B).

Imports In 2023 the top importers of Vehicle parts: Brakes, servo-brake and parts were United States ($7.28B), Germany ($4.33B), Mexico ($2.85B), Canada ($1.6B), and Poland ($1.5B).

Ranking Vehicle parts: Brakes, servo-brake and parts ranks 965th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Vehicle parts: Brakes, servo-brake and parts. 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$7.28B
Top Destination (2023)United States$7.28B

In 2023 Vehicle parts: Brakes, servo-brake and parts were the world's 80th most traded product (out of 5,026).

In 2023, the top exporters of Vehicle parts: Brakes, servo-brake and parts were China ($7.28B), Germany ($5.29B), Mexico ($3.8B), United States ($2.8B), and Italy ($2.6B).

In 2023, the top importers of Vehicle parts: Brakes, servo-brake and parts were United States ($7.28B), Germany ($4.33B), Mexico ($2.85B), Canada ($1.6B), and Poland ($1.5B).

Explore Visualizations

Exporters of Vehicle parts: Brakes, servo-brake and parts (2023)
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Importers of Vehicle parts: Brakes, servo-brake and parts (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Poland$436M
Top Destination Growth (2022 -  2023)Germany$293M

Between 2022 and 2023, the exports of Vehicle parts: Brakes, servo-brake and parts grew the fastest in Poland ($436M), Germany ($425M), Mexico ($392M), Italy ($357M), and United States ($282M).

Between 2022 and 2023, the fastest growing importers of Vehicle parts: Brakes, servo-brake and parts were Germany ($293M), Poland ($194M), Mexico ($180M), Slovakia ($165M), and France ($158M).

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Exporters of Vehicle parts: Brakes, servo-brake and parts (2022 - 2023)

Importers of Vehicle parts: Brakes, servo-brake and parts (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Vehicle parts: Brakes, servo-brake and parts.

In 2023, market concentration measured using Shannon Entropy, was 4.06. This means that most of the exports of Vehicle parts: Brakes, servo-brake and parts are explained by 16 countries.

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Value of Exports in Vehicle parts: Brakes, servo-brake and parts

Net Trade

TOP NET EXPORTER (2023)China$6.49B
TOP NET IMPORTER (2023)United States$4.48B

This map shows which countries export or import more of Vehicle parts: Brakes, servo-brake and parts. Each country is colored based on the difference in exports and imports of Vehicle parts: Brakes, servo-brake and parts during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Vehicle parts: Brakes, servo-brake and parts were China ($6.49B), Italy ($1.51B), Germany ($967M), Mexico ($945M), and Poland ($810M).

In 2023, the countries that had a largest trade value in imports than in exports of Vehicle parts: Brakes, servo-brake and parts were United States ($4.48B), Canada ($1.31B), United Kingdom ($557M), Russia ($547M), and France ($510M).

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: Brakes, servo-brake and parts.
It is possible to select the main countries that export or import Vehicle parts: Brakes, servo-brake and parts in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Vehicle parts: Brakes, servo-brake and parts 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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