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Vehicles; parts and accessories of heading no. 8711 to 8713

8714 (Harmonized System 1992 for 4-digit)

2023
World Trade $26.6BRnk 170 / 1217
2023
Top Exporter | Top Importer $9.13B | $3.29BChina | Germany
2023
Product Complexity 0.83Rnk 240 / 1044
2022 - 2023
Export Growth (CAGR) -20.7%Rnk 1051 / 1217
2023
Share of World Trade 0.12%Rnk 170 / 1217

About

Overview This page contains the latest trade data of Bi-Wheel Vehicle Parts. In 2023, Bi-Wheel Vehicle Parts were the world's 170th most traded product, with a total trade of $26.6B. Between 2022 and 2023 the exports of Bi-Wheel Vehicle Parts decreased by -20.7%, from $33.5B to $26.6B. Trade in Bi-Wheel Vehicle Parts represent 0.12% of total world trade.

Bi-Wheel Vehicle Parts are a part of Cars, tractors, trucks & parts thereof.. They include Motorcycle parts except saddles, Bicycle parts nes, Bicycle frames and forks and parts, Bicycle brakes and parts, Wheelchair parts, Bicycle pedals/crank-gear, parts thereof, Bicycle hubs, free-wheel sprocket wheels, Bicycle wheel rims and spokes, Bicycle saddles, and Motorcycle saddles, among others.

Exports In 2023 the top exporters of Bi-Wheel Vehicle Parts  were China ($9.13B), Chinese Taipei ($3.8B), Japan ($1.92B), Italy ($1.36B), and Germany ($1.15B).

Imports In 2023 the top importers of Bi-Wheel Vehicle Parts were Germany ($3.29B), United States ($1.74B), Italy ($1.18B), Netherlands ($1.09B), and Chinese Taipei ($1.05B).

Ranking Bi-Wheel Vehicle Parts ranks 240th in the Product Complexity Index (PCI).

Description Parts and accessories for motorcycles and bicycles are used in the production of other goods. They can be made from a variety of materials, including steel, aluminum, plastic, and rubber.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bi-Wheel Vehicle Parts. 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)China$9.13B
Top Destination (2023)Germany$3.29B

In 2023 Bi-Wheel Vehicle Parts were the world's 170th most traded product (out of 1,217).

In 2023, the top exporters of Bi-Wheel Vehicle Parts were China ($9.13B), Chinese Taipei ($3.8B), Japan ($1.92B), Italy ($1.36B), and Germany ($1.15B).

In 2023, the top importers of Bi-Wheel Vehicle Parts were Germany ($3.29B), United States ($1.74B), Italy ($1.18B), Netherlands ($1.09B), and Chinese Taipei ($1.05B).

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Exporters of Bi-Wheel Vehicle Parts (2023)
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Importers of Bi-Wheel Vehicle Parts (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Austria$22.5M
Top Destination Growth (2022 -  2023)Philippines$208M

Between 2022 and 2023, the exports of Bi-Wheel Vehicle Parts grew the fastest in Austria ($22.5M), Sweden ($15M), Denmark ($10.4M), Turkey ($9.18M), and Spain ($7.7M).

Between 2022 and 2023, the fastest growing importers of Bi-Wheel Vehicle Parts were Philippines ($208M), Senegal ($58.5M), Austria ($38.7M), Nepal ($32.6M), and Cameroon ($22.9M).

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Exporters of Bi-Wheel Vehicle Parts (2022 - 2023)

Importers of Bi-Wheel Vehicle Parts (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bi-Wheel Vehicle Parts.

In 2023, market concentration measured using Shannon Entropy, was 3.73. This means that most of the exports of Bi-Wheel Vehicle Parts are explained by 13 countries.

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Value of Exports in Bi-Wheel Vehicle Parts

Net Trade

TOP NET EXPORTER (2023)China$8.39B
TOP NET IMPORTER (2023)Germany$2.14B

This map shows which countries export or import more of Bi-Wheel Vehicle Parts. Each country is colored based on the difference in exports and imports of Bi-Wheel Vehicle Parts during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Bi-Wheel Vehicle Parts were China ($8.39B), Chinese Taipei ($2.75B), Japan ($1.31B), Malaysia ($529M), and India ($494M).

In 2023, the countries that had a largest trade value in imports than in exports of Bi-Wheel Vehicle Parts were Germany ($2.14B), United States ($1.08B), Brazil ($913M), France ($760M), and Philippines ($749M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Bi-Wheel Vehicle Parts, disaggragated by their HS6 level were Motorcycle parts except saddles ($12.3B), Bicycle parts nes ($4.82B), Bicycle frames and forks and parts ($3.63B), Bicycle brakes and parts ($1.6B), and Wheelchair parts ($1.22B)

HS6 Disaggregation for Bi-Wheel Vehicle Parts (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Bi-Wheel Vehicle Parts.
It is possible to select the main countries that export or import Bi-Wheel Vehicle Parts in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Bi-Wheel Vehicle Parts by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $240M
TOP IMPORT POTENTIALIndia+ $33.7M

Bi-Wheel Vehicle Parts’s highest export potential is India. With an export gap of $240M.  Bi-Wheel Vehicle Parts’s highest import potential is India with an import gap of $33.7M.

See methodology.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Bi-Wheel Vehicle Parts.

Country by Relatedness

The following visualization shows the relatedness of Bi-Wheel Vehicle Parts to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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