HS Icon Bicycles, other cycles, not motorized

871200 (Harmonized System 1992 for 6-digit)

World Trade (2018): $9.19B, Rnk 341 / 4726

Top Exporter (2018): $3.32B, China

Top Importer (2018): $1.54B, United States

Product Complexity (2018): -0.41, Rnk 3286 / 4873

Export Growth (CAGR)(2017 - 2018): 10.4%, Rnk 2604 / 4726

Mean Tariff (2018): 15.2%, Rnk 1106 / 6538

Share of World Trade (2018): 0.05%, Rnk 341 / 4726

Overview:  This page contains the latest trade data of Bicycles, other cycles, not motorized. In 2018, Bicycles, other cycles, not motorized were the world's 341st most traded product, with a total trade of $9.19B. Between 2017 and 2018 the exports of Bicycles, other cycles, not motorized grew by 10.4%, from  $8.32B to $9.19B. Trade in Bicycles, other cycles, not motorized represent 0.05% of total world trade.

Exports: In 2018 the top exporters of Bicycles, other cycles, not motorized  were China ($3.32B), Chinese Taipei ($1.57B), Netherlands ($630M), Germany ($615M), and Cambodia ($456M).

Imports: In 2018 the top importers of Bicycles, other cycles, not motorized were United States ($1.54B), Germany ($869M), Japan ($666M), Netherlands ($613M), and United Kingdom ($514M).

Tariffs: In 2018 the average tariff for Bicycles, other cycles, not motorized was 15.2%, been the 1106 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Bicycles, other cycles, not motorized are Iran (65%), Syria (36.8%), Pakistan (34.9%), Vietnam (32.7%), and Cameroon (29.4%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Bicycles, other cycles, not motorized ranks 3286th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $3.32B

Top Destination (2018): United States, $1.54B

Bicycles, other cycles, not motorized are the world's 341st most traded product.

In 2018, the top exporters of Bicycles, other cycles, not motorized were China ($3.32B), Chinese Taipei ($1.57B), Netherlands ($630M), Germany ($615M), and Cambodia ($456M).

In 2018, the top importers of Bicycles, other cycles, not motorized were United States ($1.54B), Germany ($869M), Japan ($666M), Netherlands ($613M), and United Kingdom ($514M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $267M

Top Destination Growth (2017 - 2018): United States, $115M

Between 2017 and 2018, the exports of Bicycles, other cycles, not motorized grew the fastest in China ($267M), Netherlands ($134M), Belgium-Luxembourg ($71.5M), Spain ($55.4M), and Chinese Taipei ($54M).

Between 2017 and 2018, the fastest growing importers of Bicycles, other cycles, not motorized were United States ($115M), Indonesia ($104M), Germany ($94.3M), Netherlands ($80.1M), and Spain ($66.3M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Bicycles, other cycles, not motorized.

In 2018,  market concentration measured using Shannon Entropy, was 3.56. This means that most of the exports of Bicycles, other cycles, not motorized are explained by 11 countries.

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TOP NET EXPORTER (2018): China, $3.28B

TOP NET IMPORTER (2018): United States, $1.46B

This map shows which countries export or import more of Bicycles, other cycles, not motorized. Each country is colored based on the difference in exports and imports of Bicycles, other cycles, not motorized during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Bicycles, other cycles, not motorized were China ($3.28B), Chinese Taipei ($1.54B), Cambodia ($444M), Portugal ($289M), and Bulgaria ($145M).

In 2018, the countries that had a largest trade value in imports than in exports of Bicycles, other cycles, not motorized were United States ($1.46B), Japan ($618M), United Kingdom ($422M), France ($367M), and Germany ($254M).

Trade Forecasts

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This section shows forecasts for total trade for Bicycles, other cycles, not motorized. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Bicycles, other cycles, not motorized was 15.2%.  The countries with the highest tariffs for importing Bicycles, other cycles, not motorized were Iran (65%), Syria (36.8%), Pakistan (34.9%), Vietnam (32.7%), and Cameroon (29.4%).

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Product Complexity

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Diversification Frontier

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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.