The overall value of exported bicycles grew by an average 10.2% for all exporting countries from five years earlier in 2019 when worldwide shipments of bicycles were valued at $8.8 billion.
From 2022 to 2023, revenues from exported bicycles shrank by -21.2% starting from $12.3 billion.
The top 5 largest exporters of bicycles by country are mainland China, Taiwan, Germany, Netherlands then Cambodia. Collectively, that cohort of major supplying nations approached two-thirds (62.9%) of all exported bicycles sold on international markets during 2023. Such a high percentage indicates a relatively strong concentration of global suppliers.
Among continents, providers in Asian countries sold the highest dollar worth of exported bicycles during 2023 with shipments valued at $5.14 billion or 53.2% of the global total. Over two-fifths (44%) was shipped by exporters located in Europe.
Tinier percentages came from sellers in North America (1.7%), Latin America (0.51%) excluding Mexico but including the Caribbean, Africa (0.5%) and Oceania (0.1%) mainly Australia.
Technically the 4-digit Harmonized Tariff System code prefix is 8712 for non-motorized bicycles and other cycles including delivery tricycles.
Bicycles Exports by Country
Below are the 15 countries that exported the highest dollar value worth of bicycles during 2023.
- mainland China: US$2.6 billion (27.1% of total exported bicycles)
- Taiwan: $1.4 billion (14.4%)
- Germany: $962.1 million (9.9%)
- Netherlands: $688.9 million (7.1%)
- Cambodia: $416.8 million (4.3%)
- Portugal: $363.9 million (3.8%)
- Italy: $321.8 million (3.3%)
- Spain: $289.7 million (3%)
- Vietnam: $261.6 million (2.7%)
- Belgium: $259 million (2.7%)
- Poland: $176.6 million (1.8%)
- Bulgaria: $172.6 million (1.8%)
- France: $161.1 million (1.7%)
- Czech Republic: $155.4 million (1.6%)
- United States: $142.9 million (1.5%)
By value, the listed 15 countries shipped 86.6% of bicycles exported worldwide in 2023.
Among the top exporters, the growth suppliers of exported bicycles since 2022 were: Vietnam (up 8.8%), Germany (up 0.8%) and Portugal (up 0.4%).
Those countries that posted declines in their exported bicycles sales were led by: Cambodia (down -53.7% from 2022), mainland China (down -30%), Netherlands (down -18.6%), Belgium (down -17.3%) and the United States of America (down -16.5%).
Searchable List of Bicycles Exporting Countries in 2023
The 100 key exporters in the following automated database sold 99.97% of total international sales for bicycles during 2023.
| Rank | Exporter | Bicycle Exports | 2022-3 |
|---|---|---|---|
| 1. | mainland China | $2,630,487,000 | -30% |
| 2. | Taiwan | $1,392,848,000 | -15.2% |
| 3. | Germany | $962,107,000 | +0.8% |
| 4. | Netherlands | $688,893,000 | -18.6% |
| 5. | Cambodia | $416,773,000 | -53.7% |
| 6. | Portugal | $363,897,000 | +0.4% |
| 7. | Italy | $321,756,000 | -13.8% |
| 8. | Spain | $289,675,000 | -13.9% |
| 9. | Vietnam | $261,610,000 | +8.8% |
| 10. | Belgium | $259,019,000 | -17.3% |
| 11. | Poland | $176,582,000 | -5.4% |
| 12. | Bulgaria | $172,626,000 | -15.6% |
| 13. | France | $161,086,000 | -5.6% |
| 14. | Czech Republic | $155,433,000 | -1.1% |
| 15. | United States | $142,946,000 | -16.5% |
| 16. | Austria | $131,293,000 | -5.3% |
| 17. | Lithuania | $130,162,000 | -8.7% |
| 18. | United Kingdom | $122,780,000 | -0.1% |
| 19. | Romania | $121,670,000 | -5.1% |
| 20. | Indonesia | $110,810,000 | -45.5% |
| 21. | Bangladesh | $107,047,000 | -44.6% |
| 22. | Hungary | $72,061,000 | -18.6% |
| 23. | Türkiye | $52,287,000 | -40.9% |
| 24. | India | $50,347,000 | -4.5% |
| 25. | Japan | $45,590,000 | +11.4% |
| 26. | Panama | $43,665,000 | +72.6% |
| 27. | Tunisia | $39,581,000 | -23.8% |
| 28. | Slovakia | $28,507,000 | -14.4% |
| 29. | Thailand | $22,984,000 | -59.3% |
| 30. | Sweden | $21,312,000 | -38.2% |
| 31. | Canada | $21,041,000 | -26.5% |
| 32. | Sri Lanka | $20,523,000 | -54.4% |
| 33. | Denmark | $15,553,000 | -29.7% |
| 34. | Serbia | $14,162,000 | -30% |
| 35. | Singapore | $10,289,000 | -34.3% |
| 36. | South Korea | $9,439,000 | +100.8% |
| 37. | Australia | $8,166,000 | +68.4% |
| 38. | Greece | $7,983,000 | -53.6% |
| 39. | Andorra | $7,618,000 | +232.8% |
| 40. | Switzerland | $7,106,000 | +17.1% |
| 41. | Malaysia | $6,984,000 | -42.4% |
| 42. | Croatia | $6,567,000 | -17.4% |
| 43. | Finland | $6,416,000 | +7.8% |
| 44. | Slovenia | $4,620,000 | -3.2% |
| 45. | Ireland | $4,317,000 | +155.4% |
| 46. | Brazil | $3,898,000 | +44.1% |
| 47. | South Africa | $3,856,000 | -41.6% |
| 48. | Mauritius | $3,779,000 | +377800% |
| 49. | Norway | $3,441,000 | +3.5% |
| 50. | Hong Kong | $3,386,000 | -21.3% |
| 51. | Estonia | $3,338,000 | -13.9% |
| 52. | Russia | $2,718,000 | -47.4% |
| 53. | Latvia | $2,707,000 | +79.9% |
| 54. | Philippines | $2,568,000 | -69.8% |
| 55. | United Arab Emirates | $2,181,000 | -84.4% |
| 56. | Kazakhstan | $1,083,000 | +29.9% |
| 57. | Israel | $882,000 | +85.7% |
| 58. | Ukraine | $661,000 | -57.3% |
| 59. | New Zealand | $572,000 | +4.2% |
| 60. | Uzbekistan | $490,000 | -72.3% |
| 61. | Mexico | $385,000 | +104.8% |
| 62. | Ghana | $335,000 | +11.3% |
| 63. | Guatemala | $327,000 | +59.5% |
| 64. | Costa Rica | $316,000 | -13.7% |
| 65. | Colombia | $308,000 | -59.6% |
| 66. | Chile | $296,000 | +3.1% |
| 67. | Tajikistan | $291,000 | +185.3% |
| 68. | Kenya | $224,000 | +32.5% |
| 69. | El Salvador | $193,000 | +183.8% |
| 70. | Kyrgyzstan | $184,000 | +868.4% |
| 71. | Ecuador | $171,000 | +59.8% |
| 72. | Zambia | $167,000 | +16600% |
| 73. | Honduras | $152,000 | 0% |
| 74. | Armenia | $122,000 | -53.3% |
| 75. | Bahrain | $115,000 | -53.1% |
| 76. | Pakistan | $99,000 | +147.5% |
| 77. | Belarus | $85,000 | -90.4% |
| 78. | Trinidad/Tobago | $73,000 | +40.4% |
| 79. | Namibia | $69,000 | +13.1% |
| 80. | Macao | $68,000 | 0% |
| 81. | Georgia | $61,000 | +577.8% |
| 82. | Morocco | $59,000 | -97.9% |
| 83. | Ivory Coast | $57,000 | +714.3% |
| 84. | Uganda | $52,000 | -8.8% |
| 85. | Tanzania | $49,000 | +172.2% |
| 86. | Djibouti | $48,000 | -80.9% |
| 87. | Saudi Arabia | $43,000 | -82.8% |
| 88. | Timor-Leste | $42,000 | -44.7% |
| 89. | Botswana | $42,000 | +121.1% |
| 90. | Gambia | $41,000 | 0% |
| 91. | Dominican Republic | $40,000 | -9.1% |
| 92. | Ethiopia | $35,000 | -12.5% |
| 93. | Gabon | $30,000 | -9.1% |
| 94. | Luxembourg | $29,000 | -91.8% |
| 95. | North Korea | $28,000 | +12% |
| 96. | Azerbaijan | $23,000 | +35.3% |
| 97. | Zimbabwe | $21,000 | 0% |
| 98. | Burkina Faso | $21,000 | +950% |
| 99. | Venezuela | $19,000 | -91.7% |
| 100. | North Macedonia | $19,000 | +216.7% |
Focusing on the 100 main exporters of bicycles, the fastest gainers were Mauritius (up 377,800% from 2022), Zambia (up 16,600%), Burkina Faso (up 950%), Kyrgyzstan (up 868.4%) and Ivory Coast (up 714.3%).
You can change the presentation order by clicking the triangle icon at the top of any of the columns above. An entry of 0% in the right-most column means that 2023 data was unavailable.
Countries Generating Largest Trade Surpluses from Bicycles
The following countries posted the highest positive net exports for bicycles during 2023. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus between the value of each country’s exported bicycles and its import purchases for that same commodity.
- mainland China: US$2.4 billion (net export surplus down -34.5% since 2022)
- Taiwan: $1.4 billion (down -15.5%)
- Cambodia: $396.9 million (down -55%)
- Portugal: $323 million (down -0.5%)
- Bulgaria: $162.3 million (down -16.8%)
- Italy: $145.8 million (down -17.5%)
- Lithuania: $115.7 million (down -9.4%)
- Bangladesh: $95.5 million (down -43.6%)
- Romania: $91.4 million (down -0.6%)
- Spain: $90.2 million (up 49.3%)
- Indonesia: $84.5 million (down -47.8%)
- Vietnam: $57.5 million (down -71.1%)
- Türkiye: $43.6 million (down -41.7%)
- Hungary: $42.2 million (down -22.3%)
- Tunisia: $38.5 million (down -23.8%)
Mainland China generated the highest surplus in the international trade of bicycles. In turn, this positive cashflow confirms strong Chinese competitive advantage for this specific product category.
Countries Causing Worst Trade Deficits from Bicycles
The following countries posted the highest negative net exports for bicycles during 2023. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of each country’s imported bicycles purchases and its exports for that same commodity.
- United States: -US$1.1 billion (net export deficit down -45.5% since 2022)
- Japan: -$503.6 million (down -21.6%)
- France: -$286.3 million (down -20.5%)
- United Kingdom: -$252.9 million (down -33.1%)
- Switzerland: -$239 million (up 4.7%)
- Canada: -$196.9 million (down -50.7%)
- Australia: -$182.5 million (down -40.5%)
- Austria: -$170.1 million (down -18%)
- South Korea: -$156.4 million (down -23.8%)
- Belgium: -$138.7 million (down -21.3%)
- Russia: -$137.8 million (up 11.4%)
- Germany: -$126.5 million (down -47.4%)
- Denmark: -$99.2 million (down -21.4%)
- Finland: -$98.6 million (down -16.6%)
- United Arab Emirates: -$68.3 million (up 68.2%)
The United States of America racked up the biggest deficit in the international trade of bicycles. In turn, this negative cashflow highlights America’s competitive disadvantage for this specific product category but also signals opportunities for bicycles-supplying countries that help satisfy the powerful demand.
Bicycles Exporting Companies
Below are global bicycles-processing conglomerates that represent established players engaged in the international bicycles trade. Their home country is shown within parenthesis.
- ALAN (Italy)
- Batavus (Netherlands)
- Beistegui Hermanos S.A. (Spain)
- Canyon Bicycles GmbH (Germany)
- Cyfac (France)
- Eddy Merckx (Belgium)
- Flying Pigeon (China)
- Gepida (Hungary)
- Giant Manufacturing (Taiwan)
- Kross SA (Poland)
- Órbita – Bicicletas Portuguesas, Lda. (Portugal)
- Phoenix Bicycles (China)
- Puch (Austria)
- Rowbike (United States)
See also Motorcycle Exports by Country, Electric Cars Imports by Country, Electric Cars Exports by Country, China’s Top 10 Exports and China’s Top Trading Partners
Research Sources:
Central Intelligence Agency, The World Factbook Field Listing: Exports – Commodities. Accessed on September 7, 2024
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on September 7, 2024
International Trade Centre, Trade Map. Accessed on September 7, 2024
Investopedia, Net Exports Definition. Accessed on September 7, 2024
Wikipedia, List of bicycle brands and manufacturing companies. Accessed on September 7, 2024