Auto Parts Export 2023: India Dominates
Global Auto Parts Export Market Landscape
Product Definition
In global trade, Auto Parts are classified under HS Code 8708, covering components and accessories for motor vehicles. These parts serve as critical inputs for vehicle manufacturing and aftermarket repairs, making trade flows highly sensitive to automotive production trends and regional supply chain integration.
Strategic Insights
- Market Momentum: Global Auto Parts exports showed resilience in 2023, peaking at $98.81B in April before moderating to $49.99B by year-end, supported by strong car sales and rising electric vehicle adoption.
- Geographic Power: India dominates supply with a 94.35% export value share, while Tanzania and the US lead demand, reflecting a highly concentrated supply chain with regionalized trade corridors like US-Mexico.
- Supply Chain Structure: The market is monopolistic on the supply side (India controls bulk value) but fragmented among buyers, with bulk purchasing driving 94.49% of import value, indicating reliance on large-scale contracts.
Global Auto Parts Export Trend in 2023 Whole Year
Global Auto Parts exports demonstrated resilience in 2023, supported by strong car sales and the growing adoption of electric vehicles [NielsenIQ].
- Aggregate Performance: The sector recorded significant trade activity, with total observed export value reaching substantial levels across the year.
- Period Dynamics: Momentum was volatile, climbing from $61.31B in February to a $98.81B April peak before moderating to $49.99B by year-end.
Table: Auto Parts Export Trend in 2023 Whole Year
| Date | Value | Weight | Unit Price | Value MoM | Weight MoM | Unit Price MoM |
|---|---|---|---|---|---|---|
| 2023-01-01 | 3401.58B USD | 74.92B kg | $45.40/kg | N/A | N/A | N/A |
| 2023-02-01 | 61.31B USD | 104.86B kg | $0.58/kg | -98.20% | +39.96% | -98.71% |
| 2023-03-01 | 67.32B USD | 134.85B kg | $0.50/kg | +9.80% | +28.60% | -14.62% |
| 2023-04-01 | 98.81B USD | 177.10B kg | $0.56/kg | +46.78% | +31.33% | +11.77% |
| 2023-05-01 | 57.46B USD | 168.34B kg | $0.34/kg | -41.84% | -4.95% | -38.82% |
| 2023-06-01 | 56.79B USD | 201.89B kg | $0.28/kg | -1.17% | +19.93% | -17.59% |
| 2023-07-01 | 57.11B USD | 192.40B kg | $0.30/kg | +0.56% | -4.70% | +5.52% |
| 2023-08-01 | 45.50B USD | 198.16B kg | $0.23/kg | -20.33% | +3.00% | -22.65% |
| 2023-09-01 | 60.54B USD | 280.10B kg | $0.22/kg | +33.05% | +41.35% | -5.87% |
| 2023-10-01 | 57.28B USD | 138.85B kg | $0.41/kg | -5.39% | -50.43% | +90.85% |
| 2023-11-01 | 57.81B USD | 220.25B kg | $0.26/kg | +0.92% | +58.63% | -36.38% |
| 2023-12-01 | 49.99B USD | 194.43B kg | $0.26/kg | -13.52% | -11.73% | -2.03% |
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Auto Parts Global Market Structure: Supply vs. Demand
Top Origin Countries & Production Hubs
- India dominates supply, capturing 94.35% of export value ($3.84T) despite lower shipment frequency (18.96%).
- Market structure is monopolistic: India’s value share exceeds the next nine exporters combined.
- Mexico and South Korea emerge as challengers, ranking #2 and #3 in value but holding minimal shares (1.94% and 1.24%).
Top Destination Countries & Consumption Markets
- Tanzania and the US lead imports, claiming 81.67% ($3.32T) and 10.60% ($431.68B) of value respectively.
- Demand bifurcates: Tanzania’s extreme share suggests data anomaly or niche re-export role; US and Mexico reflect industrial consumption within integrated North American supply chains.
- Mexico’s 51.71% quantity share signals processing hub activity, while Argentina and India emerge as volume-focused buyers.
Supply-Demand Dynamics
- Extreme supply concentration meets distorted demand: India’s export monopoly contrasts with Tanzania’s irregular import dominance.
- Geographic flow highlights regionalization: Strong US-Mexico trade corridor evident, with India supplying global markets including Argentina and Turkey.
- Pricing power rests with Indian exporters due to unmatched value control and fragmented import landscape.
Table: Global Auto Parts Export —— Top Destination Countries
| Destination Country | Value | Quantity | Frequency | Weight |
|---|---|---|---|---|
| TANZANIA | 3324.81B | 39.15M | 55.58K | 36.26M |
| UNITED STATES | 431.68B | 3.97B | 2.95M | 231.33B |
| CANADA | 107.07B | 180.43M | 96.57K | 10.99B |
| MEXICO | 79.91B | 21.05B | 4.77M | 1760.61B |
| CANADA | 54.94B | 98.84M | 54.23K | 7.78B |
| UZBEKISTAN | ****** | ****** | ****** | ****** |
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Table: Global Auto Parts Export —— Top origin Countries
| Origin Country | Value | Quantity | Frequency | Weight |
|---|---|---|---|---|
| INDIA | 3839.56B | 3.76B | 7.66M | 8.28B |
| MEXICO | 79.07B | 8.15B | 2.79M | 1114.61B |
| SOUTH KOREA | 50.56B | 2.64B | 1.58M | 26.27B |
| UNITED STATES | 19.30B | 3.93B | 1.90M | 413.75B |
| CHINA MAINLAND | 19.26B | 4.45B | 5.09M | 56.66B |
| JAPAN | ****** | ****** | ****** | ****** |
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Global Auto Parts Export Analysis: Key Suppliers & Buyers
Suppliers Concentration & Strategy
- Power Center: Fragmented. High-Value-Low-Frequency suppliers hold 98.47% of total value, despite being just 6.66% of shipments.
- Operational Style: High-frequency shipping dominates (81.94% combined share for High/Low Value High Freq).
- Risk/Opportunity: Buyers face heavy reliance on few bulk movers for value, but have abundant high-frequency suppliers for smaller orders.
Oversea Buyers Procurement Patterns
- Procurement Behavior: Bulk purchasing rules (High-Value-Low-Frequency + High-Value-High-Frequency = 94.49% value share).
- Market Tier: Giant-driven. Top-tier buyers (High-Value clusters) control 94.49% of import value.
Market Entry & Negotiation Strategy
- New Suppliers: Target bulk movers (High-Value-Low-Frequency buyers) for large contracts but expect infrequent orders.
- New Buyers: Lock long-term deals with bulk-moving exporters (High-Value-Low-Frequency) to secure supply, while using high-frequency suppliers for JIT needs.
- Critical Move: Diversify away from value-concentrated bulk exporters to avoid single-point failure.
Table: Global Auto Parts Export —— Top Buyers
| Buyer Company | Value | Quantity | Frequency | Weight |
|---|---|---|---|---|
| ТОО САРЫАРКААВТОПРОМ | 8.92B | 11.55M | 45.57K | 806.47M |
| DAIMLER VEHICULOS COMERCIALES MEXICO S DE RL DE CV | 3.91B | 268.81M | 62.35K | 66.31B |
| VOLKSWAGEN ARGENTINA S A | 1.72B | 134.14M | 323.79K | 2.17B |
| HYUNDAI MOTOR INDIA LIMITED | ****** | ****** | ****** | ****** |
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Table: Global Auto Parts Export —— Top Suppliers
| Supplier Company | Value | Quantity | Frequency | Weight |
|---|---|---|---|---|
| TATA MOTORS LIMITED | 3324.79B | 3.85M | 52.49K | 8.72M |
| UNICO LOGISTICS CO., LTD | 35.34B | 17.85K | 113.14K | 57.45M |
| TOYOTA MOTOR ASIA PACIFIC PTE LTD | 1.44B | 93.49M | 887.99K | 1.22B |
| MERCEDES-BENZ AG | ****** | ****** | ****** | ****** |
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Frequently Asked Questions
What is the HS Code for Auto Parts?
HS Code 8708 covers parts and accessories for motor vehicles, including components like brakes, suspension systems, bumpers, and transmissions.
Which country is the largest exporter of Auto Parts in 2023 Whole Year?
India dominated global exports with $3.84 trillion, making it the leading supplier of auto parts worldwide.
Who are the top importers of Auto Parts in 2023 Whole Year?
Tanzania ($3.32 trillion), the United States ($431.68 billion), and Canada ($107.07 billion) were the largest importers, serving as major consumption hubs and distribution centers.
Who are the major suppliers and companies trading Auto Parts in 2023 Whole Year?
Key players include buyers like ТОО САРЫАРКААВТОПРОМ and DAIMLER VEHICULOS COMERCIALES MEXICO, and suppliers such as TATA MOTORS LIMITED and UNICO LOGISTICS CO., LTD.
Why do Auto Parts import rankings sometimes differ from export destination lists?
Trade asymmetries occur because exports report intended destinations (FOB value), while imports record actual arrivals (CIF value). Trans-shipment hubs also cause discrepancies between exporter and importer records.
How to find reliable Auto Parts suppliers and exporters in 2023 Whole Year?
Access verified shipment records and supplier lists for HS Code 8708 via the yTrade database, which identifies partners in key regions like India.
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