Motorcycles and cycles in China 2021 Exports | Imports : $11.1B | $892M, World Rnk 1 / 180 Rnk 64 / 1215 | World Rnk 11 / 221 Rnk 259 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $262M | $103M, Colombia | Thailand
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Motorcycles and cycles: 0.41, Rnk 406 / 1029
Exports In 2021, China exported $11.1B in Motorcycles and cycles, making it the 1st largest exporter of Motorcycles and cycles in the world. At the same year, Motorcycles and cycles was the 64th most exported product in China. The main destination of Motorcycles and cycles exports from China are: United States ($1.01B), Mexico ($577M), Philippines ($517M), Togo ($442M), and Netherlands ($388M).
The fastest growing export markets for Motorcycles and cycles of China between 2020 and 2021 were Colombia ($262M), Philippines ($241M), and Mexico ($223M).
Imports In 2021, China imported $892M in Motorcycles and cycles, becoming the 11th largest importer of Motorcycles and cycles in the world. At the same year, Motorcycles and cycles was the 259th most imported product in China. China imports Motorcycles and cycles primarily from: Thailand ($493M), Japan ($95.8M), Vietnam ($72.4M), Germany ($61.8M), and Indonesia ($46.3M).
The fastest growing import markets in Motorcycles and cycles for China between 2020 and 2021 were Thailand ($103M), Germany ($35.7M), and Japan ($34.1M).
Tariffs In 2018, the average tariff for China in Motorcycles and cycles was 35.5%. The countries with the highest import tariffs for Motorcycles and cycles were South Korea (Most Favoured Nation duty rate treatment, 45%), Burkina Faso (Most Favoured Nation duty rate treatment, 43.9%), Botswana (Most Favoured Nation duty rate treatment, 43.9%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 43.9%), and Cameroon (Most Favoured Nation duty rate treatment, 43.9%).
March 2023
Overview In March 2023 China's Motorcycles and cycles exports accounted up to $1B and imports accounted up to $96.5M, resulting in a positive trade balance of $904M. Between March 2022 and March 2023 the exports of China's Motorcycles and cycles have increased by $31.7M (3.28%) from $968M to $1B, while imports increased by $37.7M (64%) from $58.9M to $96.5M.
Destinations In March 2023, Motorcycles and cycles were exported mostly to United States ($102M), Mexico ($57.7M), Philippines ($40.7M), Turkey ($38.6M), and Italy ($36.3M), and were imported mostly from Thailand ($55.4M), Japan ($8.64M), Vietnam ($6.82M), China ($6.55M), and Germany ($6.14M).
Growth In March 2023, the increase in Motorcycles and cycles's year-by-year exports was explained primarily by an increase in exports to United States ($39.1M or 42.1%), Mexico ($36M or 76.9%), and Germany ($19.7M or 120%). In March 2023, the increase in Motorcycles and cycles's year-by-year imports was explained primarily by an increase in imports from Thailand ($24.8M or 86.4%), Japan ($1.34M or 44.1%), and Indonesia ($605k or 28.1%).
EXPORT GROWTH (March 2022 - March 2023): $31.7M, (3.28%)
IMPORT GROWTH (March 2022 - March 2023): $37.7M, (64%)
MAIN EXPORTER (March 2023): Guangdong Province, $265M
MAIN DESTINATION (March 2023): United States, $102M
This section shows Motorcycles and cycles'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 Motorcycles and cycles over time.
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EXPORTS (2021): $11.1B
IMPORTS (2021): $892M
NET TRADE (2021): $10.3B
In 2021, China exported $11.1B in Motorcycles and cycles. The main destinations of China exports on Motorcycles and cycles were United States ($1.01B), Mexico ($577M), Philippines ($517M), Togo ($442M), and Netherlands ($388M).
In 2021, China imported $892M in Motorcycles and cycles, mainly from Thailand ($493M), Japan ($95.8M), Vietnam ($72.4M), Germany ($61.8M), and Indonesia ($46.3M).
THE FASTEST GROWING Motorcycles and cycles EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motorcycles and cycles BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Motorcycles and cycles were:
In 2021, China's main importing competitors in Motorcycles and cycles were:
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