HS Code:
The category 'Exceeding 190 cc but not exceeding 250 cc' typically refers to motorcycles or other motor vehicles with engine capacities within this range, classified under the Harmonized System (HS) Code 8711.30. This category includes two-wheeled vehicles designed for personal or commercial use, often popular in urban and developing regions for their fuel efficiency and affordability. These vehicles are widely traded globally due to demand in both emerging and developed markets for cost-effective transportation solutions.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 450 million
37.5% of total trade of total trade
Increasing
USD 300 million
25.0% of total trade of total trade
Stable
USD 150 million
12.5% of total trade of total trade
Decreasing
USD 100 million
8.3% of total trade of total trade
Increasing
USD 80 million
6.7% of total trade of total trade
Increasing
Average Rate
12.5%
Highest Rate
35% (imposed by certain African and South American countries)
Lowest Rate
0% (under free trade agreements like ASEAN)
Rising demand in urban areas of developing countries
Increased exports from manufacturing hubs like India and Thailand to African and Southeast Asian markets due to affordability and fuel efficiency
2021-2022
Shift towards electric alternatives
Gradual decline in demand for internal combustion engine models in developed markets due to environmental regulations and consumer preferences
2020-2022
Supply chain disruptions
Delays in production and export due to semiconductor shortages and logistical challenges, particularly affecting Japanese manufacturers
2021
The EU introduced stricter emission norms for motorcycles in the 190-250 cc category, requiring manufacturers to adapt their models or face higher tariffs.
January 2023
Potential increase in production costs for exporters targeting the EU market, possibly reducing trade volume temporarily.
The Indian government extended export incentives for two-wheeler manufacturers, boosting shipments of 190-250 cc motorcycles to Africa and Latin America.
March 2022
Strengthened India's position as the leading exporter in this category, with a projected 10% growth in trade volume for 2023.
New agreements under the ASEAN framework reduced tariffs on motorcycles in the 190-250 cc category among member states, facilitating trade.
July 2022
Increased trade flows within Southeast Asia, particularly benefiting Thailand and Vietnam as key exporters.