Overview:  This page contains the latest trade data of Buses. In 2019, Buses were the world's 189th most traded product, with a total trade of $19.4B. Between 2018 and 2019 the exports of Buses grew by 6.64%, from $18.2B to $19.4B. Trade in Buses represent 0.11% of total world trade.

Exports: In 2019 the top exporters of Buses  were China ($2.54B), Japan ($2.51B), Turkey ($2.2B), Germany ($1.51B), and Poland ($1.33B).

Imports: In 2019 the top importers of Buses were United States ($1.43B), Germany ($1.24B), France ($1.15B), Canada ($879M), and Saudi Arabia ($868M).

Tariffs: In 2018 the average tariff for Buses was 13.2%, making it the 265th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Buses are Maldives (85.7%), Vietnam (47.9%), Thailand (38%), Nepal (34.6%), and India (34%). The countries with the lowest tariffs are Hong Kong (0%), Japan (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Buses ranks 439th 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.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $2.54B

Top Destination (2019): United States, $1.43B

Buses are the world's 189th most traded product.

In 2019, the top exporters of Buses were China ($2.54B), Japan ($2.51B), Turkey ($2.2B), Germany ($1.51B), and Poland ($1.33B).

In 2019, the top importers of Buses were United States ($1.43B), Germany ($1.24B), France ($1.15B), Canada ($879M), and Saudi Arabia ($868M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Poland, $255M

Top Destination Growth (2018 - 2019): Saudi Arabia, $395M

Between 2018 and 2019, the exports of Buses grew the fastest in Poland ($255M), Japan ($236M), Turkey ($229M), China ($176M), and Belgium ($167M).

Between 2018 and 2019, the fastest growing importers of Buses were Saudi Arabia ($395M), Norway ($368M), Sweden ($211M), France ($196M), and Netherlands ($169M).

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Market Concentration

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Cumulative market share

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

In 2019,  market concentration measured using Shannon Entropy, was 4.41. This means that most of the exports of Buses are explained by 21 countries.

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TOP NET EXPORTER (2019): China, $2.52B

TOP NET IMPORTER (2019): Saudi Arabia, $867M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Buses were China ($2.52B), Japan ($2.46B), Turkey ($2.18B), Poland ($1.13B), and Czechia ($707M).

In 2019, the countries that had a largest trade value in imports than in exports of Buses were Saudi Arabia ($867M), Philippines ($723M), Italy ($642M), Norway ($530M), and United States ($514M).

Disaggregation

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Value

In 2019, the world most traded Buses, disaggragated by their HS6 level were Diesel powered buses ($15.9B) and Buses except diesel powered ($3.44B)

Import Tariffs

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In 2018, the average tariff for importing Buses was 13.2%. The countries with the highest tariffs for importing Buses were Maldives (85.7%), Vietnam (47.9%), Thailand (38%), Nepal (34.6%), and India (34%).

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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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.