Motor Trader 2023

2009, but the 2021 CUB export volume was about half the figure with a serious decline. The observation on Taiwan export volume in the first 10 months of 2022, Japan and Madagascar, the perennial main markets for aiwan CUB export, showed negative growth compared with the same period last year, respectively -13.94% and -16.12%. Although the export quantity from Taiwan to the U.S. was down by 40% compared with the same period last year, topping the 4th place, the export quantity to the United Arab Emirates and Spain, topped the third and fifth place in export, both showed positive growth compared with the same period last year. In particular, the export quantity from Taiwan to the United Arab Emirates surged by 364.64%, compared with the same period last year, while the export volume to that country increases year by year. Japan has long stayed at the top place for Taiwan’s CUB export of scooters. However, the total export volume to Japan gradually reduced since 2014. Only until the rising demand due to COVID-19 in 2021, the export volume to Japan for that year surged by 34.27%, contrary to the negative growth for some consecutive years since 2013. Nonetheless, the growth rate in the first 10 months of 2022 was -9.58%, indicat- ing a cooling market after the pandemic bonus disap- peared. Moreover, the geopolitical conflict and inflation constraining the demand will make 2023 a tough year full of challenges. MOTOR TRADER www.IMB2B.com INDUSTRY TRENDS Data source: Customs import and export statistics (the first 4 yards of the tariff code: 8711), compiled by TTVMA Taiwan Motorcycle Export Sales from January to October 2022 Unit ： 1,000 NTD Rank Country Cumulative Amount Export Ratio YoY 1 Japan 1,299,399 19.41% -9.58% 2 Italy 735,597 10.99% -3.65% 3 Spain 615,736 9.20% 74.75% 4 Israel 556,133 8.31% 75.60% 5 South Korea 551,393 8.24% 121.32% 6 Belgium 434,728 6.49% 32.07% 7 United States 416,921 6.23% -31.89% 8 China 320,749 4.79% 40.74% 9 Philippines 219,445 3.28% 173.19% 10 Hong Kong 214,320 3.20% -32.30% 11 Greece 185,330 2.77% 10.74% 12 Germany 152,652 2.28% -42.05% 13 Turkiye 110,327 1.65% 166.33% 14 Macau 102,762 1.54% -20.35% 15 Argentina 80,860 1.21% 55.11% 16 United Kingdom 75,943 1.13% 249.40% 17 Dominican Republic 68,847 1.03% 95.52% 18 Canada 55,338 0.83% 21.03% 19 Madagascar 53,203 0.79% -6.85% 20 Mexico 49,494 0.74% 73.61% Others 394,540 5.89% -29.87% Total 6,693,717 100.00% 9.93% 13