Bi-Wheel Vehicle Parts in China 2020 Exports | Imports : $7.63B | $669M, World Rnk 1 / 201 Rnk 68 / 1215 | World Rnk 8 / 220 Rnk 274 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $94.8M | $37.3M, Indonesia | Chinese Taipei
2020 ECONOMIC COMPLEXITY of China: 0.96, Rnk 28 / 127
2020 PRODUCT COMPLEXITY IN Bi-Wheel Vehicle Parts: 0.96, Rnk 192 / 1029
Exports In 2020, China exported $7.63B in Bi-Wheel Vehicle Parts, making it the 1st largest exporter of Bi-Wheel Vehicle Parts in the world. At the same year, Bi-Wheel Vehicle Parts was the 68th most exported product in China. The main destination of Bi-Wheel Vehicle Parts exports from China are: Chinese Taipei ($565M), Indonesia ($453M), Germany ($432M), United States ($418M), and India ($360M).
The fastest growing export markets for Bi-Wheel Vehicle Parts of China between 2019 and 2020 were Indonesia ($94.8M), Ghana ($80.5M), and Vietnam ($75.8M).
Imports In 2020, China imported $669M in Bi-Wheel Vehicle Parts, becoming the 8th largest importer of Bi-Wheel Vehicle Parts in the world. At the same year, Bi-Wheel Vehicle Parts was the 274th most imported product in China. China imports Bi-Wheel Vehicle Parts primarily from: Chinese Taipei ($284M), Japan ($151M), Singapore ($83.3M), Malaysia ($41.1M), and Italy ($19.5M).
The fastest growing import markets in Bi-Wheel Vehicle Parts for China between 2019 and 2020 were Chinese Taipei ($37.3M), Japan ($15.2M), and Singapore ($9.41M).
Tariffs In 2018, the average tariff for China in Bi-Wheel Vehicle Parts was 12.3%. The countries with the highest import tariffs for Bi-Wheel Vehicle Parts were Pakistan (Most Favoured Nation duty rate treatement, 30%), Switzerland (Most Favoured Nation duty rate treatement, 30%), Liechtenstein (Most Favoured Nation duty rate treatement, 30%), Taiwan (Most Favoured Nation duty rate treatement, 23.8%), and Bangladesh (Most Favoured Nation duty rate treatement, 16.2%).
December 2022
Overview In December 2022 China's Bi-Wheel Vehicle Parts exports accounted up to $974M and imports accounted up to $64.8M, resulting in a positive trade balance of $909M. Between December 2021 and December 2022 the exports of China's Bi-Wheel Vehicle Parts have decreased by $-155M (-13.7%) from $1.13B to $974M, while imports decreased by $-18.7M (-22.4%) from $83.4M to $64.8M.
Destinations In December 2022, Bi-Wheel Vehicle Parts were exported mostly to Taiwan ($61.8M), United States ($51.8M), Germany ($49.1M), Indonesia ($41.5M), and India ($38.9M), and were imported mostly from Taiwan ($23.7M), Japan ($14.2M), Indonesia ($7.93M), Malaysia ($4.85M), and Italy ($3.13M).
Growth In December 2022, the decrease in Bi-Wheel Vehicle Parts's year-by-year exports was explained primarily by a decrease in exports to Egypt ($-14M or -42.1%), Vietnam ($-6.51M or -16%), and Brazil ($-4.52M or -10.2%). In December 2022, the decrease in Bi-Wheel Vehicle Parts's year-by-year imports was explained primarily by a decrease in imports from Italy ($-685k or -24.8%), Philippines ($-290k or -53.4%), and Austria ($-257k or -52.5%).
EXPORT GROWTH (December 2021 - December 2022): $-155M, (-13.7%)
IMPORT GROWTH (December 2021 - December 2022): $-18.7M, (-22.4%)
MAIN EXPORTER (December 2022): Guangdong Province, $273M
MAIN DESTINATION (December 2022): Taiwan, $61.8M
This section shows Bi-Wheel Vehicle Parts's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Bi-Wheel Vehicle Parts over time.
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EXPORTS (2020): $7.63B
IMPORTS (2020): $669M
NET TRADE (2020): $6.96B
In 2020, China exported $7.63B in Bi-Wheel Vehicle Parts. The main destinations of China exports on Bi-Wheel Vehicle Parts were Chinese Taipei ($565M), Indonesia ($453M), Germany ($432M), United States ($418M), and India ($360M).
In 2020, China imported $669M in Bi-Wheel Vehicle Parts, mainly from Chinese Taipei ($284M), Japan ($151M), Singapore ($83.3M), Malaysia ($41.1M), and Italy ($19.5M).
THE FASTEST GROWING Bi-Wheel Vehicle Parts EXPORT MARKETS FOR China WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bi-Wheel Vehicle Parts BY China WERE (2019 - 2020):
In 2020, China's main exporting competitors in Bi-Wheel Vehicle Parts were:
In 2020, China's main importing competitors in Bi-Wheel Vehicle Parts were:
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