{ "pageType": "HS2 sector trade overview", "source": "api", "title": "Vehicles (HS2 87) Sector Trade Overview | Yugalinks", "description": "Review reported global trade for the vehicles sector at HS2 87, including scale, trend, market structure, corridors, exporters, importers, and HS6 products.", "canonical": "https://www.yugalinks.com/trade/sector/hs2/87", "publisher": { "name": "Yugalinks", "url": "https://www.yugalinks.com", "linkedin": "https://in.linkedin.com/company/yugalinks", "sameAs": [ "https://in.linkedin.com/company/yugalinks" ] }, "sourceAttribution": { "publisher": "OECD", "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D", "year": 2025, "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27)", "sourceUrl": "https://data-explorer.oecd.org/", "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0", "termsUrl": "https://www.oecd.org/termsandconditions/", "terms": "OECD Terms & Conditions", "accessed": "2026-08-27", "supportingSources": [ { "publisher": "CEPII", "dataset": "BACI bilateral trade flows", "release": "202601", "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.", "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html", "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37", "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf", "license": "Etalab 2.0 Open Licence", "accessed": "2026-08-27" } ] }, "links": { "html": "https://www.yugalinks.com/trade/sector/hs2/87/index.html", "markdown": "https://www.yugalinks.com/trade/sector/hs2/87/index.md", "json": "https://www.yugalinks.com/trade/sector/hs2/87/index.json", "jsonLd": "https://www.yugalinks.com/trade/sector/hs2/87/index.ld.json", "linkedin": "https://in.linkedin.com/company/yugalinks" }, "internalLinks": { "workspace": "https://www.yugalinks.com/app", "platform": "https://www.yugalinks.com/platform", "methodology": "https://www.yugalinks.com/methodology", "dataSources": "https://www.yugalinks.com/data-sources", "dataCoverage": "https://www.yugalinks.com/data-coverage", "responsibleAi": "https://www.yugalinks.com/responsible-ai" }, "sector": { "hs2": "87", "name": "Vehicles" }, "coverage": { "firstDataYear": 1995, "latestDataYear": 2024, "yearsWithData": 30, "refreshedAt": "2026-07-20 09:34:08" }, "answer": "The vehicles sector recorded $1.8T in reported global trade in 2024, with -2.4% annual change.", "keyFigures": { "latestTradeUsd": 1837684141125.7754, "latestAnnualChangePct": -2.3618779790935522, "activeExporters": 200, "activeImporters": 200, "activeHs6Products": 87 }, "growthAndStructure": { "trendLabel": "Growing", "tradeCagr3yPct": 7.268628667923793, "tradeCagr5yPct": 4.367679505456001, "historicalPeakUsd": 1880215158474.7712, "historicalPeakYear": 2023, "positiveGrowthYearSharePct": 82.75862068965517, "exporterConcentrationHhi": 1602.6435265255861, "importerConcentrationHhi": 811.9138514083769, "tradeVolatilityCv": 0.39970239736111857 }, "annualRows": [ { "year": 1995, "hs2": 87, "global_trade_usd": 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US Virgin Islands" }, { "year": 2024, "country_iso3": "KOR", "hs2": 87, "exports_usd": 92294597494.2325, "imports_usd": 19713739909.226864, "trade_balance_usd": 72580857585.00563, "export_partner_count": 194, "import_partner_count": 145, "active_hs6_count": 87, "country_name": "Republic of Korea" }, { "year": 2024, "country_iso3": "ESP", "hs2": 87, "exports_usd": 62768808497.53351, "imports_usd": 46609356655.829704, "trade_balance_usd": 16159451841.703804, "export_partner_count": 188, "import_partner_count": 155, "active_hs6_count": 87, "country_name": "Spain" }, { "year": 2024, "country_iso3": "FRA", "hs2": 87, "exports_usd": 56850823820.95723, "imports_usd": 77784547639.59738, "trade_balance_usd": -20933723818.640152, "export_partner_count": 190, "import_partner_count": 175, "active_hs6_count": 87, "country_name": "France" }, { "year": 2024, "country_iso3": "CAN", "hs2": 87, "exports_usd": 56454297408.74335, "imports_usd": 87632625025.55531, "trade_balance_usd": -31178327616.811966, "export_partner_count": 184, "import_partner_count": 184, "active_hs6_count": 87, "country_name": "Canada" }, { "year": 2024, "country_iso3": "CZE", "hs2": 87, "exports_usd": 53435966384.66619, "imports_usd": 21536841699.266216, "trade_balance_usd": 31899124685.399975, "export_partner_count": 170, "import_partner_count": 138, "active_hs6_count": 87, "country_name": "Czechia" } ], "importers": [ { "year": 2024, "country_iso3": "USA", "hs2": 87, "exports_usd": 142137980867.95215, "imports_usd": 386901780346.18036, "trade_balance_usd": -244763799478.2282, "export_partner_count": 196, "import_partner_count": 166, "active_hs6_count": 87, "country_name": "USA, Puerto Rico and US Virgin Islands" }, { "year": 2024, "country_iso3": "DEU", "hs2": 87, "exports_usd": 278374404900.47296, "imports_usd": 142218634350.3271, "trade_balance_usd": 136155770550.14587, "export_partner_count": 189, "import_partner_count": 149, "active_hs6_count": 87, "country_name": "Germany" }, { "year": 2024, "country_iso3": "CAN", "hs2": 87, "exports_usd": 56454297408.74335, "imports_usd": 87632625025.55531, "trade_balance_usd": -31178327616.811966, "export_partner_count": 184, "import_partner_count": 184, "active_hs6_count": 87, "country_name": "Canada" }, { "year": 2024, "country_iso3": "GBR", "hs2": 87, "exports_usd": 48550181872.24071, "imports_usd": 81352068384.86272, "trade_balance_usd": -32801886512.62201, "export_partner_count": 192, "import_partner_count": 150, "active_hs6_count": 87, "country_name": "United Kingdom" }, { "year": 2024, "country_iso3": "FRA", "hs2": 87, "exports_usd": 56850823820.95723, "imports_usd": 77784547639.59738, "trade_balance_usd": -20933723818.640152, "export_partner_count": 190, "import_partner_count": 175, "active_hs6_count": 87, "country_name": "France" }, { "year": 2024, "country_iso3": "MEX", "hs2": 87, "exports_usd": 164154547652.3987, "imports_usd": 66388524536.120926, "trade_balance_usd": 97766023116.27779, "export_partner_count": 155, "import_partner_count": 94, "active_hs6_count": 87, "country_name": "Mexico" }, { "year": 2024, "country_iso3": "ITA", "hs2": 87, "exports_usd": 47152284104.46179, "imports_usd": 56422124151.415436, "trade_balance_usd": -9269840046.953644, "export_partner_count": 182, "import_partner_count": 140, "active_hs6_count": 87, "country_name": "Italy" }, { "year": 2024, "country_iso3": "CHN", "hs2": 87, "exports_usd": 208114140271.79193, "imports_usd": 55403643635.91057, "trade_balance_usd": 152710496635.88135, "export_partner_count": 200, "import_partner_count": 147, "active_hs6_count": 87, "country_name": "China" }, { "year": 2024, "country_iso3": "BEL", "hs2": 87, "exports_usd": 35283391949.6457, "imports_usd": 47895131374.693146, "trade_balance_usd": -12611739425.047447, "export_partner_count": 190, "import_partner_count": 155, "active_hs6_count": 87, "country_name": "Belgium" }, { "year": 2024, "country_iso3": "ESP", "hs2": 87, "exports_usd": 62768808497.53351, "imports_usd": 46609356655.829704, "trade_balance_usd": 16159451841.703804, "export_partner_count": 188, "import_partner_count": 155, "active_hs6_count": 87, "country_name": "Spain" } ], "products": [ { "hs_code": "870110", "product_name": "Tractors: pedestrian controlled" }, { "hs_code": "870120", "product_name": "Tractors: road, for semi-trailers" }, { "hs_code": "870121", "product_name": "Tractors: road tractors for semi-trailers, with only compression-ignition internal combustion piston engine (diesel or semi-diesel)" }, { "hs_code": "870122", "product_name": "Tractors: road tractors for semi-trailers, with both compression-ignition internal combustion piston engine (diesel or semi-diesel) and electric motors for propulsion" }, { "hs_code": "870123", "product_name": "Tractors: road tractors for semi-trailers, with both spark-ignition internal combustion piston engine and electric motors for propulsion" }, { "hs_code": "870124", "product_name": "Tractors: road tractors for semi-trailers, with only electric motors for propulsion" }, { "hs_code": "870129", "product_name": "Tractors: road tractors for semi-trailers, with other propulsion methods n.e.c. in item no 8701.2" }, { "hs_code": "870130", "product_name": "Tractors: track-laying" }, { "hs_code": "870190", "product_name": "Tractors: nes in heading no 8701 (other than tractors of heading no 8709)" }, { "hs_code": "870191", "product_name": "Tractors: n.e.c. in heading no 8701 (other than tractors of heading no 8709): of an engine power not exceeding 18kW" }, { "hs_code": "870192", "product_name": "Tractors: n.e.c. in heading no 8701 (other than tractors of heading no 8709): of an engine power exceeding 18kW but not exceeding 37kW" }, { "hs_code": "870193", "product_name": "Tractors: n.e.c. in heading no 8701 (other than tractors of heading no 8709): of an engine power exceeding 37kW but not exceeding 75kW" }, { "hs_code": "870194", "product_name": "Tractors: n.e.c. in heading no 8701 (other than tractors of heading no 8709): of an engine power exceeding 75kW but not exceeding 130kW" }, { "hs_code": "870195", "product_name": "Tractors: n.e.c. in heading no 8701 (other than tractors of heading no 8709): of an engine power exceeding 130kW" }, { "hs_code": "870210", "product_name": "Vehicles: public transport type (carries 10 or more passengers), compression-ignition internal combustion piston engine (diesel or semi-diesel)" }, { "hs_code": "870220", "product_name": "Vehicles: public transport type (carries 10 or more persons, including driver), with both compression-ignition internal combustion piston engine (diesel or semi-diesel) and electric motor for propulsion, new or used" }, { "hs_code": "870230", "product_name": "Vehicles: public transport type (carries 10 or more persons, including driver), with both compression-ignition internal combustion piston engine (diesel or semi-diesel) and electric motor for propulsion, new or used" }, { "hs_code": "870240", "product_name": "Vehicles: public transport type (carries 10 or more persons, including driver), with only electric motor for propulsion, new or used" }, { "hs_code": "870290", "product_name": "Vehicles: public transport type (carries 10 or more passengers), other than compression-ignition internal combustion piston engine (diesel or semi-diesel)" }, { "hs_code": "870310", "product_name": "Vehicles: specially designed for travelling on snow, golf cars and similar vehicles" }, { "hs_code": "870321", "product_name": "Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000cc" }, { "hs_code": "870322", "product_name": "Vehicles: with only spark-ignition internal combustion piston engine, cylinder capacity over 1000 but not over 1500cc" }, { "hs_code": "870323", "product_name": "Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 1500cc but not exceeding 3000cc" }, { "hs_code": "870324", "product_name": "Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000cc" }, { "hs_code": "870331", "product_name": "Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity not exceeding 1500cc" }, { "hs_code": "870332", "product_name": "Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity exceeding 1500cc but not exceeding 2500cc" }, { "hs_code": "870333", "product_name": "Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity exceeding 2500cc" }, { "hs_code": "870340", "product_name": "Vehicles: with both spark-ignition internal combustion piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power" }, { "hs_code": "870350", "product_name": "Vehicles: with both compression-ignition internal combustion piston engine (diesel or semi-diesel) and electric motor for propulsion, incapable of being charged by plugging to external source of electric power" }, { "hs_code": "870360", "product_name": "Vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, capable of being charged by plugging to external source of electric power" }, { "hs_code": "870370", "product_name": "Vehicles: with both compression-ignition internal combustion piston engine (diesel or semi-diesel) and electric motor for propulsion, capable of being charged by plugging to external source of electric power" }, { "hs_code": "870380", "product_name": "Vehicles: with only electric motor for propulsion" }, { "hs_code": "870390", "product_name": "Vehicles: for transport of persons (other than those of heading no. 8702) n.e.s. in heading no. 8703, including station wagons and racing cars" }, { "hs_code": "870410", "product_name": "Vehicles: dumpers, designed for off-highway use, for transport of goods" }, { "hs_code": "870421", "product_name": "Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1" }, { "hs_code": "870422", "product_name": "Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a g.v.w. exceeding 5 tonnes but not exceeding 20 tonnes), nes in item no 8704.1" }, { "hs_code": "870423", "product_name": "Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a g.v.w. exceeding 20 tonnes), nes in item no 8704.1" }, { "hs_code": "870431", "product_name": "Vehicles: spark-ignition internal combustion piston engine, for transport of goods, (of a g.v.w. not exceeding 5 tonnes), nes in item no 8704.1" }, { "hs_code": "870432", "product_name": "Vehicles: spark-ignition internal combustion piston engine, for transport of goods, (of a g.v.w. exceeding 5 tonnes), n.e.c. in item no 8704.1" }, { "hs_code": "870441", "product_name": "Vehicles: with both compression-ignition internal combustion piston engine (diesel/semi-diesel) and electric motor as motor for propulsion, unassembled as in section 14, (gvw not exceeding 5000kg), for the transport of goods, vans" }, { "hs_code": "870442", "product_name": "Vehicles: with both compression-ignition internal combustion piston engine (diesel/semi-diesel) and electric motors for propulsion, of a g.v.w. exceeding 5,000kg but not exceeding 20,000kg" }, { "hs_code": "870443", "product_name": "Vehicles: with both compression-ignition internal combustion piston engine (diesel/semi-diesel) and electric motors for propulsion, of a g.v.w. exceeding 20,000kg" }, { "hs_code": "870451", "product_name": "Vehicles: with both spark-ignition internal combustion piston engine and electric motors for propulsion, of a g.v.w. not exceeding 5,000kg" }, { "hs_code": "870452", "product_name": "Vehicles: with both spark-ignition internal combustion piston engine and electric motors for propulsion, of a g.v.w. exceeding 5,000kg" }, { "hs_code": "870460", "product_name": "Vehicles: with only electric motor for propulsion" }, { "hs_code": "870490", "product_name": "Vehicles: for transport of goods, n.e.s. in heading no. 8704" }, { "hs_code": "870510", "product_name": "Vehicles: crane lorries" }, { "hs_code": "870520", "product_name": "Vehicles: mobile drilling derricks" }, { "hs_code": "870530", "product_name": "Vehicles: fire fighting vehicles" }, { "hs_code": "870540", "product_name": "Vehicles: concrete-mixer lorries" }, { "hs_code": "870590", "product_name": "Vehicles: break-down lorries, road-sweepers, spraying lorries, mobile workshops, mobile radiological units, and other special purpose vehicles n.e.s. in heading no. 8705" }, { "hs_code": "870600", "product_name": "Chassis: fitted with engines, for the motor vehicles of heading no. 8701 to 8705" }, { "hs_code": "870710", "product_name": "Vehicles: bodies (including cabs) for the motor vehicles of heading no. 8703" }, { "hs_code": "870790", "product_name": "Vehicles: bodies (including cabs) for the motor vehicles of heading no. 8701, 8702, 8704 or 8705" }, { "hs_code": "870810", "product_name": "Vehicles: bumpers and parts thereof, for the vehicles of heading no. 8701 to 8705" }, { "hs_code": "870821", "product_name": "Vehicles: parts of bodies, safety seat belts" }, { "hs_code": "870822", "product_name": "Vehicles: parts and accessories, front windscreens (windshields), rear windows and other windows specified in subheading note 1 to this chapter" }, { "hs_code": "870829", "product_name": "Vehicles: parts and accessories, of bodies, other than safety seat belts" }, { "hs_code": "870830", "product_name": "Vehicle parts: brakes, servo-brakes and parts thereof" }, { "hs_code": "870831", "product_name": "Vehicles: parts, mounted brake linings" }, { "hs_code": "870839", "product_name": "Vehicles: brakes, servo brakes and parts, not mounted brake linings" }, { "hs_code": "870840", "product_name": "Vehicles: parts, gear boxes" }, { "hs_code": "870850", "product_name": "Vehicle parts: drive-axles with differential, whether or not provided with other transmission components, and non-driving axles: parts thereof" }, { "hs_code": "870860", "product_name": "Vehicles: non-driving axles and parts thereof" }, { "hs_code": "870870", "product_name": "Vehicle parts: road wheels and parts and accessories thereof" }, { "hs_code": "870880", "product_name": "Vehicles: parts, suspension shock-absorbers" }, { "hs_code": "870891", "product_name": "Vehicles: parts, radiators" }, { "hs_code": "870892", "product_name": "Vehicles: parts, silencers and exhaust pipes" }, { "hs_code": "870893", "product_name": "Vehicle parts: clutches and parts thereof" }, { "hs_code": "870894", "product_name": "Vehicle parts: steering wheels, steering columns and steering boxes: parts thereof" }, { "hs_code": "870895", "product_name": "Vehicle parts: safety airbags with inflater system: parts thereof" }, { "hs_code": "870899", "product_name": "Vehicle parts and accessories: n.e.c. in heading no. 8708" }, { "hs_code": "870911", "product_name": "Vehicles: electrical, self-propelled, (not fitted with lifting or handling equipment), of the type used for short distance transport of goods in factories, warehouses, dock areas or airports" }, { "hs_code": "870919", "product_name": "Vehicles: (not electrical), self-propelled, without handling equipment, used for short distance transport of goods in factories, airports and such, and tractors of the type used on railway station platforms" }, { "hs_code": "870990", "product_name": "Vehicles: parts of the vehicles of heading no. 8709" }, { "hs_code": "871000", "product_name": "Tanks and other armoured fighting vehicles: motorised, whether or not fitted with weapons, and parts of such vehicles" }, { "hs_code": "871110", "product_name": "Motorcycles (including mopeds) and cycles: fitted with an auxiliary motor, with reciprocating internal combustion piston engine not exceeding 50cc, with or without side-cars: side-cars" }, { "hs_code": "871120", "product_name": "Motorcycles (including mopeds) and cycles: fitted with an auxiliary motor, reciprocating internal combustion piston engine, of cylinder capacity exceeding 50cc but not exceeding 250cc, with or without side-cars: side-cars" }, { "hs_code": "871130", "product_name": "Motorcycles (including mopeds) and cycles: fitted with an auxiliary motor, reciprocating internal combustion piston engine, of cylinder capacity exceeding 250cc but not exceeding 500cc, with or without side-cars: side-cars" }, { "hs_code": "871140", "product_name": "Motorcycles (including mopeds) and cycles: fitted with auxiliary motor, reciprocating internal combustion piston engine of cylinder capacity exceeding 500cc but not exceeding 800cc, with or without sidecars: side-cars" }, { "hs_code": "871150", "product_name": "Motorcycles (including mopeds) and cycles: fitted with auxiliary motor, with reciprocating internal combustion piston engine of a cylinder capacity exceeding 800cc, with or without side-cars: side-cars" }, { "hs_code": "871160", "product_name": "Motorcycles (including mopeds) and cycles: fitted with auxiliary motor, with electric motor for propulsion, with or without side-cars: side-cars" }, { "hs_code": "871190", "product_name": "Motorcycles (including mopeds) and cycles: n.e.c. in heading no. 8711, fitted with auxiliary motor, with or without side-cars: side-cars" }, { "hs_code": "871200", "product_name": "Bicycles and other cycles: including delivery tricycles, not motorised" }, { "hs_code": "871310", "product_name": "Carriages for disabled persons: not mechanically propelled" }, { "hs_code": "871390", "product_name": "Carriages for disabled persons: mechanically propelled" }, { "hs_code": "871410", "product_name": "Motorcycles (including mopeds): parts and accessories" }, { "hs_code": "871411", "product_name": "Motorcycles (including mopeds): parts, saddles" }, { "hs_code": "871419", "product_name": "Motorcycles (including mopeds): parts, other than saddles" }, { "hs_code": "871420", "product_name": "Carriages for disabled persons: parts and accessories thereof" }, { "hs_code": "871491", "product_name": "Cycles: frames and forks, and parts thereof" }, { "hs_code": "871492", "product_name": "Cycles: parts thereof, wheel rims and spokes" }, { "hs_code": "871493", "product_name": "Cycles: parts thereof, hubs (other than coaster braking hubs and hubbrakes), and free-wheel sprocket-wheels" }, { "hs_code": "871494", "product_name": "Cycles: parts thereof, brakes, including coaster braking hubs and hub-brakes, and parts thereof" }, { "hs_code": "871495", "product_name": "Cycles: parts thereof, saddles" }, { "hs_code": "871496", "product_name": "Cycles: parts, pedals and crank-gear, and parts thereof" }, { "hs_code": "871499", "product_name": "Cycles: parts thereof, n.e.s. in item no. 8714.9" }, { "hs_code": "871500", "product_name": "Baby carriages and parts thereof" }, { "hs_code": "871610", "product_name": "Trailers and semi-trailers: of the caravan type, for housing or camping" }, { "hs_code": "871620", "product_name": "Trailers and semi-trailers: self-loading or self-unloading, for agricultural purposes" }, { "hs_code": "871631", "product_name": "Tanker trailers and tanker semi-trailers" }, { "hs_code": "871639", "product_name": "Trailers and semi-trailers: (other than tanker type)" }, { "hs_code": "871640", "product_name": "Trailers and semi-trailers: n.e.c. in item no. 8716.3" }, { "hs_code": "871680", "product_name": "Vehicles: n.e.s. in heading no. 8716" }, { "hs_code": "871690", "product_name": "Trailers, semi-trailers and other vehicles not mechanically propelled: parts thereof for heading no. 8716" } ], "methodology": { "reportedValues": "Merchandise trade observations aggregated to HS2.", "calculatedIndicators": "Growth, concentration, volatility, and peak comparisons calculated from reported observations.", "missingData": "Missing values remain unavailable and are not imputed." } }