Best Export Markets for U.S. Automotive Parts and Accessories, 2009
Compiled by
Grace Warrick, under the supervision of Maurice Kogon, Director of the El Camino College Center for International Trade Development (CITD) in Hawthorne, California.
This Market Brief provides an overview of the world market for Automotive Parts and Accessories (HS 8708) category, based on the latest trade statistics and market research.
Export growth: U.S. exports of Automotive Parts and Accessories (HS 8708) rose from $31.2 billion in 2005 to $31.7 billion in 2008, an increase of 1.8% over the three-year period.
Leading Export Markets: Canada is by far the leading market for U.S. exports of Automotive Parts and Accessories, ($15.7 billion in 2008, or 49.51% of total). Other top markets (all above $300 million) were Mexico (26.14% of total), Japan (2.99%), Germany (2.68%), Venezuela (1.63%), China (1.51%), Brazil (1.47%), Australia (1.29%), and the United Kingdom (1.05%).Other significant markets (above $150 million) were: France (0.87%), Korea (0.83%), Austria (0.79%), Belgium (0.59%), Argentina (0.58%), and Russia (0.48%).
Fastest Growing Export Markets: The leading markets with both high and sustained growth rates for U.S. exports of Automotive Parts and Accessories during 2005-08 and continuing in the latest year (2007-08) were Mexico, Venezuela, Argentina and Russia. Other significant growth markets over the 2005-08 period were Saudi Arabia, Poland, Italy, Hungary, South Africa, Singapore, India, Colombia, Egypt and United Arab Emirates.
Leading Importing Countries: The top foreign importers of Automotive Parts and Accessories in 2008 (all above $11 billion) were Germany (12.2% of total), Canada (7.3%), France (6.5%), UK (6.4%), Mexico (5.5%), Belgium (4.7%), and China (4.6%). Other significant importers (all above $5 billion) were Italy (3.4%), Sweden (2.7%), Japan (2.6%), Czech Republic (2.3%), Slovakia (2.2%), Russia (2.2%), and Turkey (2.1%). Note: Data for Spain, a major importer, were not available for 2008.
World Market Size & U.S. Share: Total world exports of Automotive Parts and Accessories by all countries reached $248.3 billion in 2008. The U.S. had a 12.8% share of the total world market in 2008, topped only by Germany (18.4%). Other world suppliers with significant market shares were Japan (11.9%), France (7.9%), Italy (6.6%) and China (5.9%).
Best Market Prospects: The markets listed below appear to be particularly promising for U.S. exports of Automotive Parts and Accessories over the next two years:
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Compiled by
Grace Warrick, under the supervision of Maurice Kogon, Director of the El Camino College Center for International Trade Development (CITD) in Hawthorne, California.
This Market Brief provides an overview of the world market for Automotive Parts and Accessories (HS 8708) category, based on the latest trade statistics and market research.
Export growth: U.S. exports of Automotive Parts and Accessories (HS 8708) rose from $31.2 billion in 2005 to $31.7 billion in 2008, an increase of 1.8% over the three-year period.
Leading Export Markets: Canada is by far the leading market for U.S. exports of Automotive Parts and Accessories, ($15.7 billion in 2008, or 49.51% of total). Other top markets (all above $300 million) were Mexico (26.14% of total), Japan (2.99%), Germany (2.68%), Venezuela (1.63%), China (1.51%), Brazil (1.47%), Australia (1.29%), and the United Kingdom (1.05%).Other significant markets (above $150 million) were: France (0.87%), Korea (0.83%), Austria (0.79%), Belgium (0.59%), Argentina (0.58%), and Russia (0.48%).
Fastest Growing Export Markets: The leading markets with both high and sustained growth rates for U.S. exports of Automotive Parts and Accessories during 2005-08 and continuing in the latest year (2007-08) were Mexico, Venezuela, Argentina and Russia. Other significant growth markets over the 2005-08 period were Saudi Arabia, Poland, Italy, Hungary, South Africa, Singapore, India, Colombia, Egypt and United Arab Emirates.
Leading Importing Countries: The top foreign importers of Automotive Parts and Accessories in 2008 (all above $11 billion) were Germany (12.2% of total), Canada (7.3%), France (6.5%), UK (6.4%), Mexico (5.5%), Belgium (4.7%), and China (4.6%). Other significant importers (all above $5 billion) were Italy (3.4%), Sweden (2.7%), Japan (2.6%), Czech Republic (2.3%), Slovakia (2.2%), Russia (2.2%), and Turkey (2.1%). Note: Data for Spain, a major importer, were not available for 2008.
World Market Size & U.S. Share: Total world exports of Automotive Parts and Accessories by all countries reached $248.3 billion in 2008. The U.S. had a 12.8% share of the total world market in 2008, topped only by Germany (18.4%). Other world suppliers with significant market shares were Japan (11.9%), France (7.9%), Italy (6.6%) and China (5.9%).
Best Market Prospects: The markets listed below appear to be particularly promising for U.S. exports of Automotive Parts and Accessories over the next two years:
Download file: