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871493 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.55BRnk 1743 / 4648
2022
Top Exporter | Top Importer $328M | $270MChina | Germany
2022
Product Complexity 1.02Rnk 744 / 4653
2021 - 2022
Export Growth (CAGR) 18%Rnk 914 / 4648
2022
Share of World Trade 0.0065%Rnk 1743 / 4648

About

Overview This page contains the latest trade data of Bicycle hubs, free-wheel sprocket wheels. In 2022, Bicycle hubs, free-wheel sprocket wheels were the world's 1743rd most traded product, with a total trade of $1.55B. Between 2021 and 2022 the exports of Bicycle hubs, free-wheel sprocket wheels grew by 18%, from $1.31B to $1.55B. Trade in Bicycle hubs, free-wheel sprocket wheels represent 0.0065% of total world trade.

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

Exports In 2022 the top exporters of Bicycle hubs, free-wheel sprocket wheels  were China ($328M), Chinese Taipei ($323M), Japan ($201M), Malaysia ($123M), and Indonesia ($101M).

Imports In 2022 the top importers of Bicycle hubs, free-wheel sprocket wheels were Germany ($270M), Singapore ($143M), Netherlands ($116M), Chinese Taipei ($89.6M), and Poland ($73M).

Ranking Bicycle hubs, free-wheel sprocket wheels ranks 744th 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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Flow
Y-AXIS SCALE

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 (2022)China$328M
Top Destination (2022)Germany$270M

In 2022 Bicycle hubs, free-wheel sprocket wheels were the world's 1743rd most traded product (out of 4,648).

In 2022, the top exporters of Bicycle hubs, free-wheel sprocket wheels were China ($328M), Chinese Taipei ($323M), Japan ($201M), Malaysia ($123M), and Indonesia ($101M).

In 2022, the top importers of Bicycle hubs, free-wheel sprocket wheels were Germany ($270M), Singapore ($143M), Netherlands ($116M), Chinese Taipei ($89.6M), and Poland ($73M).

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Exporters of Bicycle hubs, free-wheel sprocket wheels (2022)
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Importers of Bicycle hubs, free-wheel sprocket wheels (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Chinese Taipei$114M
Top Destination Growth (2021 -  2022)Germany$75.9M

Between 2021 and 2022, the exports of Bicycle hubs, free-wheel sprocket wheels grew the fastest in Chinese Taipei ($114M), Malaysia ($53.1M), Japan ($20.7M), Germany ($16.9M), and Singapore ($15.9M).

Between 2021 and 2022, the fastest growing importers of Bicycle hubs, free-wheel sprocket wheels were Germany ($75.9M), Netherlands ($32.6M), Singapore ($24.8M), Bulgaria ($15.3M), and Portugal ($14.8M).

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Exporters of Bicycle hubs, free-wheel sprocket wheels (2021 - 2022)

Importers of Bicycle hubs, free-wheel sprocket wheels (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.57. 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 (2022)China$288M
TOP NET IMPORTER (2022)Germany$192M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Bicycle hubs, free-wheel sprocket wheels were China ($288M), Chinese Taipei ($234M), Japan ($177M), Malaysia ($121M), and Indonesia ($86.1M).

In 2022, the countries that had a largest trade value in imports than in exports of Bicycle hubs, free-wheel sprocket wheels were Germany ($192M), Netherlands ($93.2M), Singapore ($62M), United States ($56.4M), and Poland ($54.3M).

Net Trade (2022)

Country Comparison

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Measure
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 (2022)

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