The evolution of the scale of US auto parts import and export

Comparison of major export and import countries of auto parts in the United States

According to the statistics from the US Bureau of Statistics, the largest export destination for US auto parts is Canada and Mexico in the North American Free Trade Area, followed by Europe. (See Table 1)

Table 1: Evolution of U.S. Auto Parts Exports and Major Export Destinations (in millions of U.S. dollars)

Source: US Bureau of Statistics

The two largest importers of US auto parts are Mexico and Canada, and the third largest is Japan. The amount of auto parts imported from Japan by the United States is higher than the amount of auto parts imported from the EU. (See Table 2)

Table 2: Evolution of U.S. Imports of Auto Parts and Major Importing Countries (Unit: Million US Dollars)

Source: US Bureau of Statistics

In the past two years, the deficit in U.S. auto parts has narrowed

From 2000 to 2007, the overall trade deficit in US auto parts has increased. The trade deficit has increased from 13.239 billion US dollars in 2001 to 38.277 billion US dollars in 2007. However, in 2008 and 2009, the trade deficit gradually narrowed, and it narrowed to 20.316 billion U.S. dollars in 2009. (See Figure 1)

Figure 1: Comparison of total import and export volume of US auto parts

Source: US Bureau of Statistics

In Asia, the largest deficit in auto parts trade in the United States comes from Japan. However, this deficit has narrowed since 2006. (See Figure 3)

Figure 2: The trade deficit between U.S. and Asian countries and regions (in millions of U.S. dollars)

Source: US Bureau of Statistics

Figure 3: The U.S. trade deficit between auto parts and auto parts in China (the blue line is the change in the value of U.S. auto parts exports to China, and the red line is the U.S. dollar value of auto parts imported from China. The column is the U.S. auto parts and China’s The trade deficit.
)

Source: US Bureau of Statistics

From the point of view of the auto parts trade between the United States and China, the U.S. trade deficit with China continued to expand from 2001-2008, and it narrowed significantly in 2009. (See Figure 3)

Note:

In Table 1 and Table 2,

(1) ASEAN countries include Brunei, Myanmar, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, and Vietnam;

(2) European Union (European Unio) countries refer to Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain, the United Kingdom, Austria, Finland, Sweden;

(3) Andean Community countries include Bolivia, Colombia, Ecuador, Peru, and Venezuela;

(4) Countries in Central America include Costa Rica, El Salvador, Guatemala, Honduras, Panama;

(5) MERCOSUR countries include Argentina, Brazil, Chile, Paraguay, Uruguay.