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Bicycles, other cycles, not motorized

871200 (Harmonized System 1992 for 6-digit)

2023
World Trade $8.78BRnk 418 / 4644
2023
Top Exporter | Top Importer $2.4B | $1.25BChina | United States
2023
Product Complexity -0.054Rnk 2628 / 4656
2022 - 2023
Export Growth (CAGR) -23.9%Rnk 3946 / 4644
2023
Share of World Trade 0.039%Rnk 418 / 4644

About

Overview This page contains the latest trade data of Bicycles. In 2023, Bicycles were the world's 418th most traded product, with a total trade of $8.78B. Between 2022 and 2023 the exports of Bicycles decreased by -23.9%, from $11.5B to $8.78B. Trade in Bicycles represent 0.039% of total world trade.

Bicycles are a part of Bicycles, delivery tricycles, other cycles.

Exports In 2023 the top exporters of Bicycles  were China ($2.4B), Chinese Taipei ($1.74B), Germany ($955M), Cambodia ($491M), and Netherlands ($452M).

Imports In 2023 the top importers of Bicycles were United States ($1.25B), Germany ($1.11B), Netherlands ($709M), Japan ($550M), and France ($450M).

Ranking Bicycles ranks 2628th in the Product Complexity Index (PCI).

Description A bicycle is a vehicle that typically has two wheels and is powered by the rider. Cyclists can use a bicycle for a number of purposes including transportation, exercise, sport, recreation, and racing. Other cycles, not motorized, are typically powered by pedals or a person who is running. Cyclists can use these cycles for a number of purposes including transportation, exercise, sport, recreation, and racing.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bicycles. 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$2.4B
Top Destination (2023)United States$1.25B

In 2023 Bicycles were the world's 418th most traded product (out of 4,644).

In 2023, the top exporters of Bicycles were China ($2.4B), Chinese Taipei ($1.74B), Germany ($955M), Cambodia ($491M), and Netherlands ($452M).

In 2023, the top importers of Bicycles were United States ($1.25B), Germany ($1.11B), Netherlands ($709M), Japan ($550M), and France ($450M).

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Exporters of Bicycles (2023)
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Importers of Bicycles (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United Kingdom$5.42M
Top Destination Growth (2022 -  2023)China$131M

Between 2022 and 2023, the exports of Bicycles grew the fastest in United Kingdom ($5.42M), Hungary ($3.58M), Andorra ($3.28M), Australia ($1.6M), and Saudi Arabia ($1.41M).

Between 2022 and 2023, the fastest growing importers of Bicycles were China ($131M), Switzerland ($15.8M), Czechia ($12.8M), Russia ($11.5M), and Iran ($7.31M).

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Exporters of Bicycles (2022 - 2023)

Importers of Bicycles (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bicycles.

In 2023, market concentration measured using Shannon Entropy, was 3.76. This means that most of the exports of Bicycles are explained by 13 countries.

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Value of Exports in Bicycles

Net Trade

TOP NET EXPORTER (2023)China$2.18B
TOP NET IMPORTER (2023)United States$1.19B

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

In 2023, the countries that had a largest trade value in exports than in imports of Bicycles were China ($2.18B), Chinese Taipei ($1.71B), Cambodia ($474M), Portugal ($209M), and Italy ($112M).

In 2023, the countries that had a largest trade value in imports than in exports of Bicycles were United States ($1.19B), Japan ($505M), France ($352M), United Kingdom ($258M), and Netherlands ($257M).

Net Trade (2023)

Country Comparison

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

Top 10 Exporters Countries of Bicycles 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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