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871493 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.05BRnk 2054 / 4644
2023
Top Exporter | Top Importer $202M | $201MChinese Taipei | Germany
2023
Product Complexity 0.81Rnk 1088 / 4656
2022 - 2023
Export Growth (CAGR) -36%Rnk 4389 / 4644
2023
Share of World Trade 0.0047%Rnk 2054 / 4644

About

Overview This page contains the latest trade data of Bicycle hubs, free-wheel sprocket wheels. In 2023, Bicycle hubs, free-wheel sprocket wheels were the world's 2054th most traded product, with a total trade of $1.05B. Between 2022 and 2023 the exports of Bicycle hubs, free-wheel sprocket wheels decreased by -36%, from $1.64B to $1.05B. Trade in Bicycle hubs, free-wheel sprocket wheels represent 0.0047% of total world trade.

Bicycle hubs, free-wheel sprocket wheels are a part of Bi-Wheel Vehicle Parts.

Exports In 2023 the top exporters of Bicycle hubs, free-wheel sprocket wheels  were Chinese Taipei ($202M), Japan ($198M), China ($185M), Indonesia ($98.7M), and Malaysia ($88.2M).

Imports In 2023 the top importers of Bicycle hubs, free-wheel sprocket wheels were Germany ($201M), Singapore ($96.3M), Netherlands ($79.5M), Chinese Taipei ($58.2M), and Poland ($50.5M).

Ranking Bicycle hubs, free-wheel sprocket wheels ranks 1088th in the Product Complexity Index (PCI).

Description Bicycle hubs are the center of the wheel. A sprocket wheel is a metal wheel with teeth that fits into a groove on the chain. The sprocket wheel turns a chain, which in turn turns the gears or the pedals.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bicycle hubs, free-wheel sprocket wheels. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Chinese Taipei$202M
Top Destination (2023)Germany$201M

In 2023 Bicycle hubs, free-wheel sprocket wheels were the world's 2054th most traded product (out of 4,644).

In 2023, the top exporters of Bicycle hubs, free-wheel sprocket wheels were Chinese Taipei ($202M), Japan ($198M), China ($185M), Indonesia ($98.7M), and Malaysia ($88.2M).

In 2023, the top importers of Bicycle hubs, free-wheel sprocket wheels were Germany ($201M), Singapore ($96.3M), Netherlands ($79.5M), Chinese Taipei ($58.2M), and Poland ($50.5M).

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Exporters of Bicycle hubs, free-wheel sprocket wheels (2023)
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Importers of Bicycle hubs, free-wheel sprocket wheels (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Turkey$5.32M
Top Destination Growth (2022 -  2023)Austria$4.58M

Between 2022 and 2023, the exports of Bicycle hubs, free-wheel sprocket wheels grew the fastest in Turkey ($5.32M), Thailand ($1.58M), Slovenia ($800k), France ($638k), and Bulgaria ($363k).

Between 2022 and 2023, the fastest growing importers of Bicycle hubs, free-wheel sprocket wheels were Austria ($4.58M), Saudi Arabia ($2.15M), Finland ($920k), United Arab Emirates ($871k), and Malawi ($602k).

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Exporters of Bicycle hubs, free-wheel sprocket wheels (2022 - 2023)

Importers of Bicycle hubs, free-wheel sprocket wheels (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bicycle hubs, free-wheel sprocket wheels.

In 2023, market concentration measured using Shannon Entropy, was 3.53. This means that most of the exports of Bicycle hubs, free-wheel sprocket wheels are explained by 11 countries.

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Value of Exports in Bicycle hubs, free-wheel sprocket wheels

Net Trade

TOP NET EXPORTER (2023)Japan$186M
TOP NET IMPORTER (2023)Germany$142M

This map shows which countries export or import more of Bicycle hubs, free-wheel sprocket wheels. Each country is colored based on the difference in exports and imports of Bicycle hubs, free-wheel sprocket wheels during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Bicycle hubs, free-wheel sprocket wheels were Japan ($186M), Chinese Taipei ($144M), China ($142M), Indonesia ($91.2M), and Malaysia ($86.1M).

In 2023, the countries that had a largest trade value in imports than in exports of Bicycle hubs, free-wheel sprocket wheels were Germany ($142M), Singapore ($67.8M), Netherlands ($62.5M), Poland ($42.3M), and United States ($32.6M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Bicycle hubs, free-wheel sprocket wheels.
It is possible to select the main countries that export or import Bicycle hubs, free-wheel sprocket wheels in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Bicycle hubs, free-wheel sprocket wheels by percentage of total exports

Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2023)

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