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Pricing

870894 (Harmonized System 1992 for 6-digit)

2022
World Trade $20.3BRnk 168 / 4648
2022
Top Exporter | Top Importer $2.8B | $4.46BMexico | United States
2022
Product Complexity 0.73Rnk 1221 / 4653
2021 - 2022
Export Growth (CAGR) -2.11%Rnk 3273 / 4648
2022
Share of World Trade 0.086%Rnk 168 / 4648

About

Overview This page contains the latest trade data of Steering wheels, columns & boxes for motor vehicles. In 2022, Steering wheels, columns & boxes for motor vehicles were the world's 168th most traded product, with a total trade of $20.3B. Between 2021 and 2022 the exports of Steering wheels, columns & boxes for motor vehicles decreased by -2.11%, from $20.7B to $20.3B. Trade in Steering wheels, columns & boxes for motor vehicles represent 0.086% of total world trade.

Steering wheels, columns & boxes for motor vehicles are a part of Motor vehicles; parts and accessories (8701 to 8705).

Exports In 2022 the top exporters of Steering wheels, columns & boxes for motor vehicles  were Mexico ($2.8B), Germany ($2.75B), China ($2.61B), United States ($1.71B), and Poland ($1.17B).

Imports In 2022 the top importers of Steering wheels, columns & boxes for motor vehicles were United States ($4.46B), Mexico ($1.9B), Germany ($1.83B), China ($1.04B), and Spain ($821M).

Ranking Steering wheels, columns & boxes for motor vehicles ranks 1221st in the Product Complexity Index (PCI).

Description The steering wheel is often used to control the steering of the vehicle. The column is a steel bar that connects the steering wheel to the wheels and is important for transmitting the driver's commands to the vehicle's systems. It also has the ability to shift gears, brake, and accelerate the vehicle. The box is used to contain the steering assembly.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Steering wheels, columns & boxes for motor vehicles. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)Mexico$2.8B
Top Destination (2022)United States$4.46B

In 2022 Steering wheels, columns & boxes for motor vehicles were the world's 168th most traded product (out of 4,648).

In 2022, the top exporters of Steering wheels, columns & boxes for motor vehicles were Mexico ($2.8B), Germany ($2.75B), China ($2.61B), United States ($1.71B), and Poland ($1.17B).

In 2022, the top importers of Steering wheels, columns & boxes for motor vehicles were United States ($4.46B), Mexico ($1.9B), Germany ($1.83B), China ($1.04B), and Spain ($821M).

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Exporters of Steering wheels, columns & boxes for motor vehicles (2022)
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Importers of Steering wheels, columns & boxes for motor vehicles (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Mexico$363M
Top Destination Growth (2021 -  2022)United States$291M

Between 2021 and 2022, the exports of Steering wheels, columns & boxes for motor vehicles grew the fastest in Mexico ($363M), China ($345M), India ($83.6M), Poland ($62.3M), and Tunisia ($39.8M).

Between 2021 and 2022, the fastest growing importers of Steering wheels, columns & boxes for motor vehicles were United States ($291M), Mexico ($136M), Spain ($86.7M), Brazil ($61.2M), and Indonesia ($57.8M).

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Exporters of Steering wheels, columns & boxes for motor vehicles (2021 - 2022)

Importers of Steering wheels, columns & boxes for motor vehicles (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Steering wheels, columns & boxes for motor vehicles.

In 2022, market concentration measured using Shannon Entropy, was 4.25. This means that most of the exports of Steering wheels, columns & boxes for motor vehicles are explained by 18 countries.

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Value of Exports in Steering wheels, columns & boxes for motor vehicles

Net Trade

TOP NET EXPORTER (2022)China$1.57B
TOP NET IMPORTER (2022)United States$2.75B

This map shows which countries export or import more of Steering wheels, columns & boxes for motor vehicles. Each country is colored based on the difference in exports and imports of Steering wheels, columns & boxes for motor vehicles during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Steering wheels, columns & boxes for motor vehicles were China ($1.57B), Germany ($919M), Mexico ($902M), Poland ($633M), and Romania ($620M).

In 2022, the countries that had a largest trade value in imports than in exports of Steering wheels, columns & boxes for motor vehicles were United States ($2.75B), Spain ($568M), Canada ($515M), Slovakia ($424M), and United Kingdom ($411M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Steering wheels, columns & boxes for motor vehicles.
It is possible to select the main countries that export or import Steering wheels, columns & boxes for motor vehicles in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Steering wheels, columns & boxes for motor vehicles by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

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