HS Code:
The 2-wheel drive category, primarily encompassing motorcycles, scooters, and certain types of bicycles with two-wheel drive systems, falls under various HS Codes depending on specifics (e.g., 8711 for motorcycles and mopeds). This category includes vehicles designed for personal transportation, often favored for their fuel efficiency, affordability, and maneuverability in urban environments. The global trade of 2-wheel drive vehicles is a significant market, driven by demand in both developed and emerging economies for commuting and recreational purposes.
Total Trade Volume
USD 25.3 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
8.5%
Highest Rate
35% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for electric 2-wheelers
Shift in production focus towards sustainable and eco-friendly models, influencing export patterns from countries like China and Japan.
2021-2023
Urbanization in emerging markets
Increased demand for affordable 2-wheel drive vehicles in densely populated regions, boosting exports from India and Thailand.
2020-2022
Technological advancements in safety features
Higher production costs but improved market penetration in developed economies like Germany and Japan due to consumer preference for safety.
2019-2023
The European Union has introduced Euro 5 standards for 2-wheelers, mandating lower emissions and advanced exhaust systems.
January 2023
Increased production costs for exporters to the EU; potential market shift towards electric models.
India launched a new Production Linked Incentive (PLI) scheme to boost domestic manufacturing and exports of 2-wheelers, especially electric models.
April 2022
Expected to increase India's share in global trade by 5% over the next 3 years.
Phase 1 trade agreement revisions have reduced tariffs on Chinese 2-wheelers entering the US market, easing previous trade tensions.
October 2022
Boost in Chinese exports to the US by approximately 10% in the short term.