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Wheels including parts/accessories for motor vehicles

870870 (Harmonized System 1992 for 6-digit)

2022
World Trade $22BRnk 154 / 4648
2022
Top Exporter | Top Importer $6.66B | $5.48BChina | United States
2022
Product Complexity 0.5Rnk 1640 / 4653
2021 - 2022
Export Growth (CAGR) 6.15%Rnk 2073 / 4648
2022
Share of World Trade 0.093%Rnk 154 / 4648

About

Overview This page contains the latest trade data of Wheels including parts/accessories for motor vehicles. In 2022, Wheels including parts/accessories for motor vehicles were the world's 154th most traded product, with a total trade of $22B. Between 2021 and 2022 the exports of Wheels including parts/accessories for motor vehicles grew by 6.15%, from $20.8B to $22B. Trade in Wheels including parts/accessories for motor vehicles represent 0.093% of total world trade.

Wheels including parts/accessories for motor vehicles are a part of Motor vehicles; parts and accessories (8701 to 8705).

Exports In 2022 the top exporters of Wheels including parts/accessories for motor vehicles  were China ($6.66B), Germany ($2.39B), Mexico ($1.74B), Turkey ($1.31B), and United States ($1.11B).

Imports In 2022 the top importers of Wheels including parts/accessories for motor vehicles were United States ($5.48B), Germany ($2.39B), Japan ($1.41B), Mexico ($1.06B), and Canada ($974M).

Ranking Wheels including parts/accessories for motor vehicles ranks 1640th in the Product Complexity Index (PCI).

Description Wheels are used to move items from one place to another. They are used in every motor vehicle and are necessary for movement. There are many different types of wheels, such as the inner wheel, which is part of a wheel, and the metal wheel, which is a part of an automobile.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Wheels including parts/accessories 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$6.66B
Top Destination (2022)United States$5.48B

In 2022 Wheels including parts/accessories for motor vehicles were the world's 154th most traded product (out of 4,648).

In 2022, the top exporters of Wheels including parts/accessories for motor vehicles were China ($6.66B), Germany ($2.39B), Mexico ($1.74B), Turkey ($1.31B), and United States ($1.11B).

In 2022, the top importers of Wheels including parts/accessories for motor vehicles were United States ($5.48B), Germany ($2.39B), Japan ($1.41B), Mexico ($1.06B), and Canada ($974M).

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Exporters of Wheels including parts/accessories for motor vehicles (2022)
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Importers of Wheels including parts/accessories for motor vehicles (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$289M
Top Destination Growth (2021 -  2022)United States$311M

Between 2021 and 2022, the exports of Wheels including parts/accessories for motor vehicles grew the fastest in China ($289M), Turkey ($263M), Mexico ($252M), Morocco ($178M), and United States ($152M).

Between 2021 and 2022, the fastest growing importers of Wheels including parts/accessories for motor vehicles were United States ($311M), Germany ($189M), Mexico ($182M), Canada ($111M), and Spain ($96.8M).

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Exporters of Wheels including parts/accessories for motor vehicles (2021 - 2022)

Importers of Wheels including parts/accessories for motor vehicles (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Wheels including parts/accessories for motor vehicles.

In 2022, market concentration measured using Shannon Entropy, was 4.03. This means that most of the exports of Wheels including parts/accessories for motor vehicles are explained by 16 countries.

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Value of Exports in Wheels including parts/accessories for motor vehicles

Net Trade

TOP NET EXPORTER (2022)China$6.5B
TOP NET IMPORTER (2022)United States$4.37B

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

In 2022, the countries that had a largest trade value in exports than in imports of Wheels including parts/accessories for motor vehicles were China ($6.5B), Turkey ($1.17B), Mexico ($685M), Poland ($593M), and Morocco ($366M).

In 2022, the countries that had a largest trade value in imports than in exports of Wheels including parts/accessories for motor vehicles were United States ($4.37B), Japan ($1.07B), Canada ($779M), United Kingdom ($459M), and Slovakia ($350M).

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 Wheels including parts/accessories for motor vehicles.
It is possible to select the main countries that export or import Wheels including parts/accessories for motor vehicles in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Wheels including parts/accessories 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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