European Union | Imports and Exports | World | Parts and accessories of the motor vehicles of headings 8701 to 8705 | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 8708 "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" from European Union totalled $ 60 billion in 2023. Sales of commodity group 8708 from European Union went up by 16.7% compared to 2022: exports of commodity group 8708 "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" went up by $ 8.66 billion (cumulative exports of commodity group 8708 from European Union amounted $51 billion in 2022)
Exports of commodity group 8708 "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" amounted to 2.19% of total exports from European Union (cumulative merchandise exports from European Union totalled $ 2.76 trillion in 2023). The share of commodity group 8708 in total exports from European Union increased by 0.121 p.p. compared to 2022 (it was 2.06% in 2022 and cumulative exports from European Union were equal to $ 2.5 trillion).
Exports of commodity group 8708 amounted to 19.3% of total sales of group "" from European Union in 2023 (the value of exports of commodity group from European Union amounted to $312 billion in 2023). The share of exports of commodity group 8708 in sales of commodity group from European Union lowered by 1.23 p.p. compared to 2022 (it was 20% in 2022, and exports of commodity group from European Union were $251 billion).
Where does European Union export Parts and accessories of the motor vehicles of headings 87.01 to 87.05?
Top export destinations of "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" from European Union in 2023:
- United Kingdom with a share of 18% (10.8 billion US$)
- China with a share of 17.2% (10.4 billion US$)
- USA with a share of 16.9% (10.2 billion US$)
- Turkey with a share of 8.18% (4.94 billion US$)
- Mexico with a share of 6.95% (4.2 billion US$)
- Brazil with a share of 4.04% (2.44 billion US$)
- South Africa with a share of 3.25% (1.96 billion US$)
- Morocco with a share of 2.91% (1.76 billion US$)
- Switzerland with a share of 2.18% (1.32 billion US$)
- Japan with a share of 1.99% (1.2 billion US$)
Exports structure of 8708 - Parts and accessories of the motor vehicles of headings 87.01 to 87.05 - from European Union in 2023 represented by the following main commodity groups:
- 22% (13.4 billion US$): 870840 - Vehicle parts; gear boxes and parts thereof
- 20% (12.6 billion US$): 870899 - Vehicle parts and accessories; n.e.s. in heading no. 8708
- 15% (9.07 billion US$): 870829 - Parts & accessories of bodies (incl. cabs) of the motor vehicles of 87.01-87.05, n.e.s. in 87.08
- 8.55% (5.17 billion US$): 870850 - Vehicle parts; drive-axles with differential, whether or not provided with other transmission components, and non-driving axles; parts thereof
- 5.77% (3.49 billion US$): 870880 - Vehicle parts; suspension systems and parts thereof (including shock-absorbers)
- 4.98% (3.01 billion US$): 870894 - Vehicles; parts, steering wheels, columns and boxes
- 3.36% (2.03 billion US$): 870893 - Vehicle parts; clutches and parts thereof
- 2.92% (1.77 billion US$): 870870 - Vehicle parts; road wheels and parts and accessories thereof
- 2.48% (1.5 billion US$): 870810 - Bumpers & parts thereof of the motor vehicles of 87.01-87.05
- 1.88% (1.14 billion US$): 870892 - Vehicle parts; silencers (mufflers) and exhaust pipes; parts thereof
The value of imports of commodity group 8708 "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" to European Union totalled $ 31 billion in 2023. Sales of commodity group 8708 to European Union went up by 13.6% compared to 2022: imports of commodity group 8708 "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" went up by $ 3.79 billion (the value of imports of commodity group 8708 to European Union was equal to $27 billion in 2022)
Imports of commodity group 8708 "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" accounted for 1.16% of total import flow to European Union (in 2023, total imports to European Union amounted to $ 2.71 trillion). The share of commodity group 8708 in total imports to European Union increased by 0.245 p.p. compared to 2022 (it was 0.92% in 2022 and cumulative imports to European Union were equal to $ 3.02 trillion).
Imports of commodity group 8708 reached 20% of total imports of group "" to European Union in 2023 (imports of commodity group to European Union totalled $151 billion in 2023). The share of purchases of commodity group 8708 in imports of commodity group to European Union went down by 2.06 p.p. compared to 2022 (it was 22% in 2022, and imports of commodity group to European Union accounted for $121 billion).
Where does European Union import Parts and accessories of the motor vehicles of headings 87.01 to 87.05 from?
Top trading partners (import of "Parts and accessories of the motor vehicles of headings 87.01 to 87.05") of European Union in 2023:
- China with a share of 22% (7.25 billion US$)
- Turkey with a share of 14.5% (4.61 billion US$)
- United Kingdom with a share of 10.7% (3.4 billion US$)
- Korea with a share of 9.64% (3.05 billion US$)
- Japan with a share of 9.58% (3.03 billion US$)
- USA with a share of 7.38% (2.33 billion US$)
- India with a share of 4.39% (1.39 billion US$)
- Morocco with a share of 3.4% (1.07 billion US$)
- Switzerland with a share of 2.62% (832 million US$)
- Serbia with a share of 2.1% (665 million US$)
Imports structure of 8708 - Parts and accessories of the motor vehicles of headings 87.01 to 87.05 - to European Union in 2023 represented by the following main commodity groups:
- 18.1% (5.75 billion US$): 870840 - Vehicle parts; gear boxes and parts thereof
- 15.7% (4.98 billion US$): 870899 - Vehicle parts and accessories; n.e.s. in heading no. 8708
- 14.3% (4.53 billion US$): 870829 - Parts & accessories of bodies (incl. cabs) of the motor vehicles of 87.01-87.05, n.e.s. in 87.08
- 8.05% (2.54 billion US$): 870850 - Vehicle parts; drive-axles with differential, whether or not provided with other transmission components, and non-driving axles; parts thereof
- 7.4% (2.34 billion US$): 870870 - Vehicle parts; road wheels and parts and accessories thereof
- 6.77% (2.14 billion US$): 870880 - Vehicle parts; suspension systems and parts thereof (including shock-absorbers)
- 6.37% (2.01 billion US$): 870894 - Vehicles; parts, steering wheels, columns and boxes
- 2.91% (923 million US$): 870892 - Vehicle parts; silencers (mufflers) and exhaust pipes; parts thereof
- 2.84% (901 million US$): 870893 - Vehicle parts; clutches and parts thereof
- 2.34% (741 million US$): 870810 - Bumpers & parts thereof of the motor vehicles of 87.01-87.05
