Bicycles in United Kingdom | The Observatory of Economic Complexity

About

Exports In 2023, United Kingdom exported $115M in Bicycles, making it the 13th largest exporter of Bicycles in the world. At the same year, Bicycles was the 484th most exported product in United Kingdom. The main destination of Bicycles exports from United Kingdom are: China ($37.3M), Netherlands ($18.6M), United States ($9.68M), South Korea ($7.86M), and Singapore ($4.37M).

Imports In 2023, United Kingdom imported $373M in Bicycles, becoming the 6th largest importer of Bicycles in the world. At the same year, Bicycles was the 311th most imported product in United Kingdom. United Kingdom imports Bicycles primarily from: Chinese Taipei ($79.9M), Germany ($54M), Cambodia ($47.8M), China ($35.2M), and Tunisia ($24.7M).

COMPANIES In 2023, leading companies such as Dole Fresh Fruit (6.62k), Diageo Beverages (3.83k), and J.C. Bamford (1.29k) were at the forefront of shipping Bicycles from United Kingdom to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United Kingdom's Bicycles exports accounted up to £7.88M and imports accounted up to £23.2M, resulting in a negative trade balance of £15.3M. Between November 2023 and November 2024 the exports of United Kingdom's Bicycles have increased by £581k (7.96%) from £7.3M to £7.88M, while imports decreased by £-588k (-2.47%) from £23.8M to £23.2M.

Destinations In November 2024, Bicycles were exported mostly to China (£3.12M), Japan (£1.02M), United States (£776k), Netherlands (£499k), and South Korea (£439k), and were imported mostly from Netherlands (£3.1M), Chinese Taipei (£2.95M), Germany (£2.55M), China (£2.04M), and India (£2.01M).

Growth In November 2024, the increase in Bicycles's year-by-year exports was explained primarily by an increase in exports to United States (£340k or 37.1%), China (£252k or 109%), and United Arab Emirates (£45.6k or 959%). In November 2024, the decrease in Bicycles's year-by-year imports was explained primarily by a decrease in imports from Netherlands (£-5.06M or -86.4%), China (£-3.51M or -47.8%), and Vietnam (£-1.65M or -40.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)£581k(7.96%)

IMPORT GROWTH (November 2023 - November 2024)£-588k(-2.47%)

MAIN EXPORTER (November 2024)Southampton£3.74M

MAIN DESTINATION (November 2024)China£3.12M

This section shows Bicycles's exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Bicycles over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$115M

IMPORTS (2023)$373M

NET TRADE (2023)-$258M

In 2023, United Kingdom exported $115M in Bicycles. The main destinations of United Kingdom exports on Bicycles were China ($37.3M), Netherlands ($18.6M), United States ($9.68M), South Korea ($7.86M), and Singapore ($4.37M).

In 2023, United Kingdom imported $373M in Bicycles, mainly from Chinese Taipei ($79.9M), Germany ($54M), Cambodia ($47.8M), China ($35.2M), and Tunisia ($24.7M).

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