Global trade value
$79.1BLatest year: 2024Global Product Trade Snapshot
Global trade in parts
A reported trade view for HS 851770, with available observations through 2024.
Explore this product5-year growth
-6.6%Annualized changeBuyer countries
199Reported importersSupplier countries
195Reported exportersReported observations
Annual trade evidence
Year-by-year reported product trade.
| Year | Global trade | Year-on-year growth | 3-year growth |
|---|---|---|---|
| 2013 | $96.8B | +11.5% | +9.2% |
| 2014 | $100.2B | +3.5% | +6.2% |
| 2015 | $107.5B | +7.4% | +7.4% |
| 2016 | $105.5B | -1.9% | +2.9% |
| 2017 | $115.7B | +9.6% | +4.9% |
| 2018 | $114.1B | -1.4% | +2% |
| 2019 | $111.1B | -2.6% | +1.7% |
| 2020 | $112.0B | +0.7% | -1.1% |
| 2021 | $131.1B | +17.1% | +4.8% |
| 2022 | $92.3B | -29.6% | -6% |
| 2023 | $65.3B | -29.3% | -16.4% |
| 2024 | $79.1B | +21.1% | -15.5% |
Market reading
How large is the global market for HS 851770?
Reported global trade in parts reached $79.1B in 2024, with five-year annual growth of -6.6%.
How to use this view
Start with the leading rows in the first table, then use the chart to compare market scale and annual change for parts. The second table adds a related reported comparison.
Coverage extends to 2024. Missing values are shown as not reported.
Further comparison
Leading buyer markets
Largest reported importing countries for this product.
| Buyer market | Latest imports | 5-year growth | Suppliers |
|---|---|---|---|
| China | $12.9B | -17.9% | 113 |
| Viet Nam | $11.7B | -2.9% | 61 |
| India | $10.9B | +5.7% | 75 |
| USA | $7.6B | +5.3% | 114 |
| Republic of Korea | $3.4B | -14.6% | 93 |
| Indonesia | $2.6B | -5.8% | 66 |
| China, Hong Kong Special Administrative Region | $2.5B | -19.5% | 140 |
| Thailand | $2.5B | +15.2% | 63 |
| Mexico | $2.1B | +1.3% | 123 |
| Brazil | $2.0B | -4.4% | 65 |
| Singapore | $1.8B | -4% | 89 |
| Taiwan | $1.7B | +5.1% | 68 |
Explore related views
Continue with another perspective on this product.
Latest observed year: 2024. Page updated 2026-08-14.
Source and date
Reported merchandise-trade observations for HS6 products. Coverage shown on this page: 1995-2024. Updated 2026-08-14.
Definitions
Trade value is reported in current US dollars. Unit value is trade value divided by reported quantity and is shown per metric ton where available. Growth is an annualized or year-on-year calculation from reported values.
Reading the data
“Not reported” means a value was not available for this view. Values can be revised as reporting is updated. See the methodology for coverage and classification details.