# Vehicles (HS4 8703) Trade Overview | Yugalinks

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Vehicles at HS4 8703, with reported global trade through 2024.

Canonical: https://www.yugalinks.com/trade/sector/hs4/8703

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## Answer

The vehicles subsector recorded $957.4B in reported global trade in 2024, with -1.7% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $957.4B |
| Latest annual change | -1.7% |
| Active exporters | 193 |
| Active importers | 199 |
| Active HS6 products | 14 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $204.7B | 6,053 | 14 |
| 1996 | $217.9B | 6,150 | 14 |
| 1997 | $230.7B | 6,157 | 14 |
| 1998 | $247.2B | 6,433 | 14 |
| 1999 | $291.8B | 6,869 | 14 |
| 2000 | $306.3B | 7,462 | 14 |
| 2001 | $311.7B | 7,413 | 14 |
| 2002 | $344.5B | 7,570 | 14 |
| 2003 | $398.4B | 7,744 | 14 |
| 2004 | $460.0B | 8,093 | 14 |
| 2005 | $481.5B | 8,447 | 14 |
| 2006 | $535.0B | 8,605 | 14 |
| 2007 | $621.3B | 8,824 | 14 |
| 2008 | $628.4B | 9,084 | 14 |
| 2009 | $439.7B | 9,054 | 14 |
| 2010 | $549.3B | 8,995 | 14 |
| 2011 | $626.6B | 9,200 | 14 |
| 2012 | $638.9B | 9,249 | 14 |
| 2013 | $658.9B | 9,193 | 14 |
| 2014 | $691.6B | 9,381 | 14 |
| 2015 | $667.6B | 9,475 | 14 |
| 2016 | $685.4B | 9,447 | 14 |
| 2017 | $733.1B | 9,360 | 14 |
| 2018 | $753.2B | 9,496 | 14 |
| 2019 | $752.0B | 9,507 | 14 |
| 2020 | $633.9B | 9,001 | 14 |
| 2021 | $717.1B | 9,247 | 14 |
| 2022 | $780.2B | 9,137 | 14 |
| 2023 | $967.1B | 9,254 | 14 |
| 2024 | $957.4B | 9,017 | 14 |

## Leading corridors

- Mexico to USA, Puerto Rico and US Virgin Islands: $48.9B; growth +19%.
- Japan to USA, Puerto Rico and US Virgin Islands: $40.0B; growth +7%.
- Republic of Korea to USA, Puerto Rico and US Virgin Islands: $36.5B; growth +27.7%.
- Canada to USA, Puerto Rico and US Virgin Islands: $28.7B; growth +2.7%.
- Germany to USA, Puerto Rico and US Virgin Islands: $26.3B; growth +14.8%.
- USA, Puerto Rico and US Virgin Islands to Canada: $15.7B; growth +3.2%.
- China to Russia: $15.2B; growth +133.6%.
- Germany to United Kingdom: $14.7B; growth +6%.
- Germany to Italy: $11.0B; growth +10.6%.
- Germany to China: $11.0B; growth -13.6%.

## HS6 products

- Vehicles: specially designed for travelling on snow, golf cars and similar vehicles (HS6 870310)
- Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000cc (HS6 870321)
- Vehicles: with only spark-ignition internal combustion piston engine, cylinder capacity over 1000 but not over 1500cc (HS6 870322)
- Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 1500cc but not exceeding 3000cc (HS6 870323)
- Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000cc (HS6 870324)
- Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity not exceeding 1500cc (HS6 870331)
- Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity exceeding 1500cc but not exceeding 2500cc (HS6 870332)
- Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity exceeding 2500cc (HS6 870333)
- 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 (HS6 870340)
- 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 (HS6 870350)
- 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 (HS6 870360)
- 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 (HS6 870370)
- Vehicles: with only electric motor for propulsion (HS6 870380)
- 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 (HS6 870390)

## Definitions and coverage

Merchandise trade observations aggregated to HS4. Growth, concentration, volatility, and peak comparisons calculated from reported observations. Missing values remain unavailable and are not imputed.

Reported observations cover 1995-2024.

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## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). [OECD Data Explorer](https://data-explorer.oecd.org/) · [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) · [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) · [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.