HS Code:
This category includes parts and accessories for vehicles classified under HS subheadings 8701.21 to 8701.29 (road tractors for semi-trailers), as well as headings 8702 (motor vehicles for the transport of ten or more persons), 8704 (motor vehicles for the transport of goods), and 8705 (special purpose motor vehicles). These components are essential for the manufacturing, maintenance, and repair of heavy-duty and commercial vehicles used in logistics, public transportation, and specialized applications. The category encompasses a wide range of products such as engines, chassis, body parts, and other mechanical or electrical components specific to these vehicle types.
Total Trade Volume
USD 120 billion
Data from 2022
Source
United Nations Comtrade Database & World Trade Organization (WTO)
Average Rate
5.2%
Highest Rate
25% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as USMCA and EU-Japan EPA)
Shift towards electric and hybrid components
Increased demand for batteries, electric drivetrains, and related parts for commercial vehicles, driven by global sustainability goals.
2021-2023
Supply chain regionalization
Manufacturers are relocating production closer to key markets to reduce costs and mitigate risks from global disruptions like pandemics or geopolitical tensions.
2020-2022
Rising automation in logistics vehicles
Growing trade in advanced driver-assistance systems (ADAS) and autonomous driving components for trucks and transport vehicles.
2022-2023
The European Union has introduced stricter emission standards under the Green Deal, pushing manufacturers to invest in eco-friendly vehicle components.
March 2023
Increased trade in electric vehicle parts, but higher compliance costs for exporters to the EU.
Revised rules of origin under the USMCA have tightened requirements for vehicle parts, affecting supply chains in North America.
January 2023
Boosted trade within the region but created challenges for non-USMCA suppliers.
China has ramped up exports of cost-competitive vehicle components, particularly for heavy-duty trucks and buses, amidst global supply chain recovery.
July 2023
Increased market share for Chinese exporters, but also heightened scrutiny and potential tariffs in key markets.