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Bicycle brakes, parts thereof

871494 (Harmonized System 1992 for 6-digit)

2022
World Trade $2.66BRnk 1239 / 4648
2022
Top Exporter | Top Importer $626M | $472MMalaysia | Germany
2022
Product Complexity 2Rnk 17 / 4653
2021 - 2022
Export Growth (CAGR) 34.8%Rnk 316 / 4648
2022
Share of World Trade 0.011%Rnk 1239 / 4648

About

Overview This page contains the latest trade data of Bicycle brakes and parts. In 2022, Bicycle brakes and parts were the world's 1239th most traded product, with a total trade of $2.66B. Between 2021 and 2022 the exports of Bicycle brakes and parts grew by 34.8%, from $1.97B to $2.66B. Trade in Bicycle brakes and parts represent 0.011% of total world trade.

Bicycle brakes and parts are a part of Bi-Wheel Vehicle Parts.

Exports In 2022 the top exporters of Bicycle brakes and parts  were Malaysia ($626M), Chinese Taipei ($509M), Japan ($496M), China ($455M), and Singapore ($169M).

Imports In 2022 the top importers of Bicycle brakes and parts were Germany ($472M), Singapore ($447M), Chinese Taipei ($165M), Netherlands ($164M), and China ($120M).

Ranking Bicycle brakes and parts ranks 17th in the Product Complexity Index (PCI).

Description Bicycle brakes are used to stop the bicycle, and are often controlled by the rider's hands. They are typically composed of two sets of rubberized pads that are squeezed together to create friction against the rear wheel to stop the bicycle. Brakes are typically large, knobby rubberized pads that are squeezed together to create friction against the rear wheel to stop the bicycle. Brakes are typically large, knobby rubberized pads that are squeezed together to create friction against the rear wheel to stop the bicycle.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bicycle brakes and 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 (2022)Malaysia$626M
Top Destination (2022)Germany$472M

In 2022 Bicycle brakes and parts were the world's 1239th most traded product (out of 4,648).

In 2022, the top exporters of Bicycle brakes and parts were Malaysia ($626M), Chinese Taipei ($509M), Japan ($496M), China ($455M), and Singapore ($169M).

In 2022, the top importers of Bicycle brakes and parts were Germany ($472M), Singapore ($447M), Chinese Taipei ($165M), Netherlands ($164M), and China ($120M).

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Exporters of Bicycle brakes and parts (2022)
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Importers of Bicycle brakes and parts (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Malaysia$370M
Top Destination Growth (2021 -  2022)Singapore$207M

Between 2021 and 2022, the exports of Bicycle brakes and parts grew the fastest in Malaysia ($370M), Chinese Taipei ($162M), Singapore ($68.7M), Germany ($45.8M), and China ($20.3M).

Between 2021 and 2022, the fastest growing importers of Bicycle brakes and parts were Singapore ($207M), Germany ($173M), Netherlands ($52.7M), Vietnam ($32.8M), and Bulgaria ($26.4M).

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Exporters of Bicycle brakes and parts (2021 - 2022)

Importers of Bicycle brakes and parts (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bicycle brakes and parts.

In 2022, market concentration measured using Shannon Entropy, was 3.05. This means that most of the exports of Bicycle brakes and parts are explained by 8 countries.

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Value of Exports in Bicycle brakes and parts

Net Trade

TOP NET EXPORTER (2022)Malaysia$612M
TOP NET IMPORTER (2022)Germany$333M

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

In 2022, the countries that had a largest trade value in exports than in imports of Bicycle brakes and parts were Malaysia ($612M), Japan ($483M), Chinese Taipei ($344M), China ($335M), and India ($13.5M).

In 2022, the countries that had a largest trade value in imports than in exports of Bicycle brakes and parts were Germany ($333M), Singapore ($279M), Netherlands ($142M), United States ($81M), and Italy ($78.3M).

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

Top 10 Exporters Countries of Bicycle brakes and parts 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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