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17.09%. As a result, the motorcycle industry has been actively expanding its export market over the years and has set up manufacturing plants in Mainland China and Southeast Asia. The ratio of whole vehicle export sales also decreased year by year after reaching a peak of approximately 41% in 2009. By January to September 2024, the ratio of export sales had decreased to approximately 11.58%. Data source: Customs import and export statistics, compiled by TTVMA Taiwan Motorcycle Export Sales from January to September 2024 Unit ： 1,000 NTD Rank Country Cumulative Amount Export Ratio YoY 1 Belgium 1,135,266 22.43% 139.87% 2 Japan 737,485 14.57% -15.74% 3 Israel 386,756 7.64% 108.75% 4 Korea 338,265 6.68% 44.78% 5 Turkey 309,810 6.12% -40.35% 6 Italy 295,861 5.85% -43.99% 7 Spain 252,346 4.99% -27.21% 8 Greece 188,015 3.72% 20.01% 9 Germany 165,834 3.28% 9.12% 10 United Arab Emirates 141,845 2.80% 153.28% 11 America 108,538 2.14% -61.35% 12 Hong Kong 93,190 1.84% -43.62% 13 Madagascar 82,155 1.62% 56.30% 14 Dominican Republic 77,197 1.53% 93.00% 15 Iraq 71,126 1.41% -14.96% 16 Malaysia 64,105 1.27% 70.17% 17 Philippines 58,145 1.15% -62.24% 18 Macau 52,100 1.03% -31.90% 19 Algeria 40,591 0.80% 154.66% 20 Nigeria 30,155 0.60% 124.27% Others 431,964 8.54% -16.86% Total 5,060,749 100.00% 1.91% MOTOR TRADER www.IMB2B.com INDUSTRY TRENDS 13