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Bicycles, other cycles, not motorized

871200 (Harmonized System 1992 for 6-digit)

2022
World Trade $11.9BRnk 324 / 4648
2022
Top Exporter | Top Importer $3.83B | $2.09BChina | United States
2022
Product Complexity -0.087Rnk 2653 / 4653
2021 - 2022
Export Growth (CAGR) -1.3%Rnk 3170 / 4648
2022
Share of World Trade 0.05%Rnk 324 / 4648

About

Overview This page contains the latest trade data of Bicycles. In 2022, Bicycles were the world's 324th most traded product, with a total trade of $11.9B. Between 2021 and 2022 the exports of Bicycles decreased by -1.3%, from $12.1B to $11.9B. Trade in Bicycles represent 0.05% of total world trade.

Bicycles are a part of Bicycles, delivery tricycles, other cycles.

Exports In 2022 the top exporters of Bicycles  were China ($3.83B), Chinese Taipei ($1.76B), Germany ($950M), Cambodia ($915M), and Netherlands ($690M).

Imports In 2022 the top importers of Bicycles were United States ($2.09B), Germany ($1.29B), Netherlands ($821M), Japan ($690M), and France ($582M).

Ranking Bicycles ranks 2653rd in the Product Complexity Index (PCI).

Description A bicycle is a vehicle that typically has two wheels and is powered by the rider. Cyclists can use a bicycle for a number of purposes including transportation, exercise, sport, recreation, and racing. Other cycles, not motorized, are typically powered by pedals or a person who is running. Cyclists can use these cycles for a number of purposes including transportation, exercise, sport, recreation, and racing.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bicycles. 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$3.83B
Top Destination (2022)United States$2.09B

In 2022 Bicycles were the world's 324th most traded product (out of 4,648).

In 2022, the top exporters of Bicycles were China ($3.83B), Chinese Taipei ($1.76B), Germany ($950M), Cambodia ($915M), and Netherlands ($690M).

In 2022, the top importers of Bicycles were United States ($2.09B), Germany ($1.29B), Netherlands ($821M), Japan ($690M), and France ($582M).

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Exporters of Bicycles (2022)
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Importers of Bicycles (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Chinese Taipei$341M
Top Destination Growth (2021 -  2022)Germany$253M

Between 2021 and 2022, the exports of Bicycles grew the fastest in Chinese Taipei ($341M), Cambodia ($295M), Vietnam ($165M), Germany ($116M), and Spain ($64.8M).

Between 2021 and 2022, the fastest growing importers of Bicycles were Germany ($253M), Canada ($97M), Belgium ($78.9M), Austria ($68.3M), and Poland ($58.2M).

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Exporters of Bicycles (2021 - 2022)

Importers of Bicycles (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bicycles.

In 2022, market concentration measured using Shannon Entropy, was 3.76. This means that most of the exports of Bicycles are explained by 13 countries.

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Value of Exports in Bicycles

Net Trade

TOP NET EXPORTER (2022)China$3.74B
TOP NET IMPORTER (2022)United States$1.96B

This map shows which countries export or import more of Bicycles. Each country is colored based on the difference in exports and imports of Bicycles during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Bicycles were China ($3.74B), Chinese Taipei ($1.73B), Cambodia ($899M), Portugal ($297M), and Bulgaria ($181M).

In 2022, the countries that had a largest trade value in imports than in exports of Bicycles were United States ($1.96B), Japan ($647M), France ($434M), Canada ($408M), and United Kingdom ($381M).

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 Bicycles.
It is possible to select the main countries that export or import Bicycles in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Bicycles 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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