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Pricing

Vehicles; public transport passenger type

8702 (Harmonized System 1992 for 4-digit)

2023
World Trade $19.9BRnk 205 / 1217
2023
Top Exporter | Top Importer $3.94B | $1.37BChina | Germany
2023
Product Complexity -0.046Rnk 589 / 1044
2022 - 2023
Export Growth (CAGR) 31%Rnk 35 / 1217
2023
Share of World Trade 0.088%Rnk 205 / 1217

About

Overview This page contains the latest trade data of Buses. In 2023, Buses were the world's 205th most traded product, with a total trade of $19.9B. Between 2022 and 2023 the exports of Buses grew by 31%, from $15.2B to $19.9B. Trade in Buses represent 0.088% of total world trade.

Buses are a part of Cars, tractors, trucks & parts thereof.. They include Diesel powered buses and Buses except diesel powered.

Exports In 2023 the top exporters of Buses  were China ($3.94B), Turkey ($2.49B), Japan ($2.3B), Poland ($1.44B), and Germany ($1.43B).

Imports In 2023 the top importers of Buses were Germany ($1.37B), Italy ($1.34B), United States ($1.17B), France ($1.15B), and Spain ($656M).

Ranking Buses ranks 589th in the Product Complexity Index (PCI).

Description Motor vehicles are used to transport people from one place to another. They can be made from a variety of materials, including steel, aluminum, and plastic.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Buses. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$3.94B
Top Destination (2023)Germany$1.37B

In 2023 Buses were the world's 205th most traded product (out of 1,217).

In 2023, the top exporters of Buses were China ($3.94B), Turkey ($2.49B), Japan ($2.3B), Poland ($1.44B), and Germany ($1.43B).

In 2023, the top importers of Buses were Germany ($1.37B), Italy ($1.34B), United States ($1.17B), France ($1.15B), and Spain ($656M).

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Exporters of Buses (2023)
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Importers of Buses (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$1.53B
Top Destination Growth (2022 -  2023)Italy$609M

Between 2022 and 2023, the exports of Buses grew the fastest in China ($1.53B), Turkey ($896M), Japan ($468M), Germany ($368M), and Canada ($239M).

Between 2022 and 2023, the fastest growing importers of Buses were Italy ($609M), United States ($492M), Saudi Arabia ($420M), Germany ($409M), and United Kingdom ($220M).

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Exporters of Buses (2022 - 2023)

Importers of Buses (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Buses.

In 2023, market concentration measured using Shannon Entropy, was 4.25. This means that most of the exports of Buses are explained by 19 countries.

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Value of Exports in Buses

Net Trade

TOP NET EXPORTER (2023)China$3.89B
TOP NET IMPORTER (2023)Italy$1.11B

This map shows which countries export or import more of Buses. Each country is colored based on the difference in exports and imports of Buses during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Buses were China ($3.89B), Turkey ($2.36B), Japan ($2.19B), Poland ($1.24B), and Czechia ($811M).

In 2023, the countries that had a largest trade value in imports than in exports of Buses were Italy ($1.11B), Saudi Arabia ($650M), Chile ($609M), Israel ($424M), and France ($423M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Buses, disaggragated by their HS6 level were Diesel powered buses ($14.1B) and Buses except diesel powered ($5.76B)

HS6 Disaggregation for Buses (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Buses.
It is possible to select the main countries that export or import Buses in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Buses by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $1.93M
TOP IMPORT POTENTIALChina+ $6.17M

Buses’s highest export potential is Germany. With an export gap of $1.93M.  Buses’s highest import potential is China with an import gap of $6.17M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Buses.

Country by Relatedness

The following visualization shows the relatedness of Buses to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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