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871492 (Harmonized System 1992 for 6-digit)

2023
World Trade $630MRnk 2606 / 4644
2023
Top Exporter | Top Importer $250M | $74.8MChina | Chinese Taipei
2023
Product Complexity 0.91Rnk 917 / 4656
2022 - 2023
Export Growth (CAGR) -28.7%Rnk 4187 / 4644
2023
Share of World Trade 0.0028%Rnk 2606 / 4644

About

Overview This page contains the latest trade data of Bicycle wheel rims and spokes. In 2023, Bicycle wheel rims and spokes were the world's 2606th most traded product, with a total trade of $630M. Between 2022 and 2023 the exports of Bicycle wheel rims and spokes decreased by -28.7%, from $883M to $630M. Trade in Bicycle wheel rims and spokes represent 0.0028% of total world trade.

Bicycle wheel rims and spokes are a part of Bi-Wheel Vehicle Parts.

Exports In 2023 the top exporters of Bicycle wheel rims and spokes  were China ($250M), Chinese Taipei ($92.7M), Malaysia ($29.8M), Germany ($24.2M), and Belgium ($22.5M).

Imports In 2023 the top importers of Bicycle wheel rims and spokes were Chinese Taipei ($74.8M), Germany ($61.8M), Indonesia ($37.7M), Netherlands ($33.7M), and United States ($26.8M).

Ranking Bicycle wheel rims and spokes ranks 917th in the Product Complexity Index (PCI).

Description Bicycle wheels consist of a hub, spokes, and a rim. The hub is attached to the axle the spokes which are attached to the rim. The rim is attached to the spokes and the hub to create a circular shape. The hub and the spokes act as the frame for the wheel and the rim is what supports the tire.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bicycle wheel rims and spokes. 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$250M
Top Destination (2023)Chinese Taipei$74.8M

In 2023 Bicycle wheel rims and spokes were the world's 2606th most traded product (out of 4,644).

In 2023, the top exporters of Bicycle wheel rims and spokes were China ($250M), Chinese Taipei ($92.7M), Malaysia ($29.8M), Germany ($24.2M), and Belgium ($22.5M).

In 2023, the top importers of Bicycle wheel rims and spokes were Chinese Taipei ($74.8M), Germany ($61.8M), Indonesia ($37.7M), Netherlands ($33.7M), and United States ($26.8M).

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Exporters of Bicycle wheel rims and spokes (2023)
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Importers of Bicycle wheel rims and spokes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Singapore$5.88M
Top Destination Growth (2022 -  2023)Indonesia$9.93M

Between 2022 and 2023, the exports of Bicycle wheel rims and spokes grew the fastest in Singapore ($5.88M), United Arab Emirates ($4.77M), Djibouti ($1.45M), Australia ($1.11M), and Greece ($761k).

Between 2022 and 2023, the fastest growing importers of Bicycle wheel rims and spokes were Indonesia ($9.93M), China ($4.66M), Austria ($3.13M), Ethiopia ($1.62M), and Honduras ($793k).

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Exporters of Bicycle wheel rims and spokes (2022 - 2023)

Importers of Bicycle wheel rims and spokes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bicycle wheel rims and spokes.

In 2023, market concentration measured using Shannon Entropy, was 3.48. This means that most of the exports of Bicycle wheel rims and spokes are explained by 11 countries.

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Value of Exports in Bicycle wheel rims and spokes

Net Trade

TOP NET EXPORTER (2023)China$233M
TOP NET IMPORTER (2023)Germany$37.7M

This map shows which countries export or import more of Bicycle wheel rims and spokes. Each country is colored based on the difference in exports and imports of Bicycle wheel rims and spokes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Bicycle wheel rims and spokes were China ($233M), Malaysia ($23M), Chinese Taipei ($17.9M), Belgium ($17.7M), and Switzerland ($11.1M).

In 2023, the countries that had a largest trade value in imports than in exports of Bicycle wheel rims and spokes were Germany ($37.7M), Indonesia ($37.4M), Netherlands ($22.5M), Poland ($14M), and Austria ($12.3M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Bicycle wheel rims and spokes.
It is possible to select the main countries that export or import Bicycle wheel rims and spokes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Bicycle wheel rims and spokes 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 (2023)

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