Buses in China 2021 Exports | Imports : $2.14B | $43.2M, World Rnk 1 / 149 Rnk 263 / 1215 | World Rnk 64 / 213 Rnk 820 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $357M | $17.3M, Qatar | Japan
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Buses: 0.24, Rnk 470 / 1029
Exports In 2021, China exported $2.14B in Buses, making it the 1st largest exporter of Buses in the world. At the same year, Buses was the 263rd most exported product in China. The main destination of Buses exports from China are: Qatar ($363M), Israel ($127M), Hong Kong ($99.8M), Pakistan ($94.2M), and South Korea ($80.7M).
The fastest growing export markets for Buses of China between 2020 and 2021 were Qatar ($357M), Israel ($92.9M), and Pakistan ($70.9M).
Imports In 2021, China imported $43.2M in Buses, becoming the 64th largest importer of Buses in the world. At the same year, Buses was the 820th most imported product in China. China imports Buses primarily from: Japan ($18.3M), United Arab Emirates ($15.1M), Hong Kong ($4.6M), Portugal ($3.1M), and Serbia ($558k).
The fastest growing import markets in Buses for China between 2020 and 2021 were Japan ($17.3M), United Arab Emirates ($13.2M), and Serbia ($558k).
Tariffs In 2018, the average tariff for China in Buses was 22.9%. The countries with the highest import tariffs for Buses were Angola (Most Favoured Nation duty rate treatment, 25%), Burundi (Most Favoured Nation duty rate treatment, 25%), Benin (Most Favoured Nation duty rate treatment, 25%), Central African Republic (Most Favoured Nation duty rate treatment, 25%), and Republic of the Congo (Most Favoured Nation duty rate treatment, 25%).
February 2023
Overview In February 2023 China's Buses exports accounted up to $159M and imports accounted up to $2.54M, resulting in a positive trade balance of $156M. Between February 2022 and February 2023 the exports of China's Buses have increased by $13.9M (9.58%) from $145M to $159M, while imports increased by $1.92M (308%) from $622k to $2.54M.
Destinations In February 2023, Buses were exported mostly to Cyprus ($17.4M), Israel ($15.8M), Finland ($13.3M), Portugal ($13.2M), and South Korea ($12.5M), and were imported mostly from Japan ($2.54M).
Growth In February 2023, the increase in Buses's year-by-year exports was explained primarily by an increase in exports to South Korea ($12.9M or 278%), Kazakhstan ($11.1M or 198%), and Uzbekistan ($8.06M or 7.61k%). In February 2023, the increase in Buses's year-by-year imports was explained primarily by an increase in imports from Japan ($1.5M or 308%).
EXPORT GROWTH (February 2022 - February 2023): $13.9M, (9.58%)
IMPORT GROWTH (February 2022 - February 2023): $1.92M, (308%)
MAIN EXPORTER (February 2023): Fujian Province, $39.3M
MAIN DESTINATION (February 2023): Cyprus, $17.4M
This section shows Buses'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 Buses over time.
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EXPORTS (2021): $2.14B
IMPORTS (2021): $43.2M
NET TRADE (2021): $2.1B
In 2021, China exported $2.14B in Buses. The main destinations of China exports on Buses were Qatar ($363M), Israel ($127M), Hong Kong ($99.8M), Pakistan ($94.2M), and South Korea ($80.7M).
In 2021, China imported $43.2M in Buses, mainly from Japan ($18.3M), United Arab Emirates ($15.1M), Hong Kong ($4.6M), Portugal ($3.1M), and Serbia ($558k).
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