The overall value of exported bicycles escalated by an average 41.1% for all exporting countries since 2017 when worldwide shipments of bicycles were valued at $8.9 billion.
From 2020 to 2021, revenues from exported bicycles increased by 27.4% from $9.9 billion.
The top 5 largest exporters of bicycles by country are mainland China, Taiwan, Netherlands, Germany and Cambodia. Collectively, that cohort of major supplying nations represent 70.3% of all exported bicycles sold on international markets during 2021. Such a high percentage indicates a relatively intense concentration of global suppliers.
Among continents, providers in Asian countries sold the highest dollar worth of exported bicycles during 2021 with shipments valued at $8.1 billion or 64.1% of the global total. Over a third (34%) was shipped by European exporters.
Tinier percentages came from North America (1.1%), Africa (0.5%), Latin America (0.3%) excluding Mexico but including the Caribbean, and Oceania (0.03%) mostly 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 2021.
- China: US$5.2 billion (40.8% of total exported bicycles)
- Taiwan: $1.3 billion (10.6%)
- Netherlands: $973.8 million (7.7%)
- Germany: $774.8 million (6.1%)
- Cambodia: $630.7 million (5%)
- Portugal: $364.1 million (2.9%)
- Italy: $347.5 million (2.8%)
- Indonesia: $225.4 million (1.8%)
- Belgium: $225.1 million (1.8%)
- Spain: $224.1 million (1.8%)
- Bulgaria: $186.4 million (1.5%)
- Poland: $182.8 million (1.4%)
- France: $170.2 million (1.3%)
- Vietnam: $161.5 million (1.3%)
- Bangladesh: $159.1 million (1.3%)
By value, the listed 15 countries shipped 88.1% of global bicycles exported in 2021.
Among the top exporters, the fastest-growing exporters of bicycles since 2020 were: Indonesia (up 88.2%), Bangladesh (up 64.2%), Vietnam (up 63.9%) and Bulgaria (up 53%).
Belgium was the lone top supplier to post a decline in its sales of exported bicycles, dragged down by a -13.6% year-over-year drop.
Countries Generating Largest Trade Surpluses from Bicycles
The following countries posted the highest positive net exports for bicycles during 2021. 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.
- China: US$5.1 billion (net export surplus up 39.9% since 2020)
- Taiwan: $1.3 billion (up 19%)
- Cambodia: $613.3 million (up 17.7%)
- Portugal: $327.2 million (up 32.4%)
- Bulgaria: $175 million (up 52.1%)
- Italy: $165.9 million (up 57.4%)
- Indonesia: $142.7 million (up 352.7%)
- Bangladesh: $135.4 million (up 80.5%)
- Romania: $104 million (up 19.1%)
- Lithuania: $93 million (up 79%)
- Netherlands: $85.6 million (up 12.7%)
- Sri Lanka: $67.7 million (up 72.3%)
- Turkey: $66.3 million (up 58.3%)
- Poland: $51.6 million (down -14.6%)
- Tunisia: $50 million (up 22.4%)
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 2021. 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$2 billion (net export deficit up 45.1% since 2020)
- Japan: -$658.1 million (up 9.8%)
- United Kingdom: -$405.4 million (up 2.8%)
- France: -$340.1 million (up 23.4%)
- Canada: -$311.2 million (up 47.5%)
- Australia: -$276 million (up 21.6%)
- South Korea: -$195.9 million (up 16%)
- Russia: -$194.7 million (up 75.5%)
- Switzerland: -$192.9 million (down -2.6%)
- Austria: -$167.3 million (down -9.4%)
- Chile: -$150.5 million (up 174.3%)
- Malaysia: -$143.1 million (up 101.7%)
- Belgium: -$143 million (down -13.1%)
- Germany: -$135.4 million (up 129%)
- Mexico: -$123.6 million (up 109.3%)
The United States of America racked up the highest 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)
Searchable List of Bicycles Exporting Countries in 2021
The 100 key exporters in the following automated database sold 99.95% of total international sales for bicycles during 2021.
| Rank | Exporter | Bicycle Exports | 2020-1 |
|---|---|---|---|
| 1. | China | $5,153,168,000 | +39.8% |
| 2. | Taiwan | $1,340,391,000 | +19.1% |
| 3. | Netherlands | $973,849,000 | +13% |
| 4. | Germany | $774,789,000 | +1% |
| 5. | Cambodia | $630,671,000 | +19.1% |
| 6. | Portugal | $364,067,000 | +29.5% |
| 7. | Italy | $347,519,000 | +26.4% |
| 8. | Indonesia | $225,381,000 | +88.2% |
| 9. | Belgium | $225,139,000 | -13.6% |
| 10. | Spain | $224,056,000 | +52.4% |
| 11. | Bulgaria | $186,358,000 | +53% |
| 12. | Poland | $182,831,000 | +16% |
| 13. | France | $170,153,000 | +3.5% |
| 14. | Vietnam | $161,456,000 | +63.9% |
| 15. | Bangladesh | $159,131,000 | +64.2% |
| 16. | Romania | $142,282,000 | +24.7% |
| 17. | Czech Republic | $124,223,000 | +9.7% |
| 18. | United States | $116,025,000 | +20.5% |
| 19. | Lithuania | $111,435,000 | +72.6% |
| 20. | United Kingdom | $110,138,000 | -19.1% |
| 21. | Austria | $99,435,000 | +20.2% |
| 22. | Turkey | $80,253,000 | +50.7% |
| 23. | India | $67,894,000 | +55.5% |
| 24. | Sri Lanka | $67,868,000 | +72.2% |
| 25. | Hungary | $64,462,000 | +385% |
| 26. | Philippines | $55,976,000 | +48% |
| 27. | Tunisia | $52,784,000 | +23.6% |
| 28. | Japan | $44,994,000 | -6% |
| 29. | Thailand | $39,175,000 | +24.3% |
| 30. | Slovakia | $36,874,000 | -7.7% |
| 31. | Sweden | $35,974,000 | -13.8% |
| 32. | Panama | $28,539,000 | +65.7% |
| 33. | Denmark | $25,727,000 | +29% |
| 34. | Singapore | $25,370,000 | -33.3% |
| 35. | Serbia | $22,526,000 | +42.1% |
| 36. | Canada | $21,649,000 | +20.7% |
| 37. | Russia | $17,759,000 | +29.5% |
| 38. | Malaysia | $15,170,000 | +136.2% |
| 39. | Belarus | $8,675,000 | +37.9% |
| 40. | Croatia | $7,993,000 | +11.2% |
| 41. | Greece | $7,183,000 | +17.9% |
| 42. | Mauritius | $6,477,000 | +262.9% |
| 43. | Switzerland | $6,176,000 | -4.4% |
| 44. | South Africa | $5,671,000 | +36.7% |
| 45. | Estonia | $5,581,000 | -21.6% |
| 46. | Slovenia | $4,716,000 | +44.4% |
| 47. | South Korea | $4,044,000 | +1.3% |
| 48. | Norway | $3,883,000 | -18.9% |
| 49. | Australia | $3,802,000 | +1.4% |
| 50. | Hong Kong | $3,743,000 | +94.2% |
| 51. | Finland | $2,721,000 | +5.7% |
| 52. | Brazil | $2,641,000 | +72.1% |
| 53. | Uzbekistan | $2,259,000 | +1882% |
| 54. | Latvia | $1,477,000 | -9.1% |
| 55. | Ireland | $1,232,000 | +4.8% |
| 56. | United Arab Emirates | $839,000 | -93.4% |
| 57. | Ukraine | $786,000 | +283.4% |
| 58. | Morocco | $672,000 | +145.3% |
| 59. | Colombia | $654,000 | -40.8% |
| 60. | British Virgin Islands | $651,000 | +142.9% |
| 61. | Mexico | $523,000 | -47.1% |
| 62. | New Zealand | $474,000 | -28.8% |
| 63. | Chile | $311,000 | -54.3% |
| 64. | Peru | $306,000 | +1940% |
| 65. | Costa Rica | $251,000 | +40.2% |
| 66. | Guatemala | $226,000 | +343.1% |
| 67. | Tajikistan | $210,000 | +17.3% |
| 68. | Cameroon | $205,000 | +166.2% |
| 69. | Kazakhstan | $203,000 | +434.2% |
| 70. | Kenya | $202,000 | +22.4% |
| 71. | Ghana | $200,000 | +13% |
| 72. | Israel | $189,000 | -68.8% |
| 73. | Uruguay | $170,000 | 0% |
| 74. | Dominican Republic | $165,000 | +79.3% |
| 75. | Zimbabwe | $162,000 | +39.7% |
| 76. | Bosnia/Herzegovina | $152,000 | -21.6% |
| 77. | Honduras | $121,000 | +124.1% |
| 78. | Luxembourg | $106,000 | -71.4% |
| 79. | Iran | $100,000 | +81.8% |
| 80. | Andorra | $91,000 | -86.1% |
| 81. | Cyprus | $90,000 | +650% |
| 82. | Pakistan | $72,000 | +800% |
| 83. | Mozambique | $60,000 | +81.8% |
| 84. | Argentina | $60,000 | 0% |
| 85. | Armenia | $56,000 | 0% |
| 86. | US Minor Outlying Is | $56,000 | +522.2% |
| 87. | Myanmar | $49,000 | +32.4% |
| 88. | Ethiopia | $45,000 | +7.1% |
| 89. | Angola | $38,000 | -24% |
| 90. | Namibia | $38,000 | -37.7% |
| 91. | Kyrgyzstan | $38,000 | 0% |
| 92. | Botswana | $35,000 | -7.9% |
| 93. | Macao | $33,000 | 0% |
| 94. | Azerbaijan | $31,000 | +34.8% |
| 95. | Albania | $29,000 | 0% |
| 96. | North Korea | $27,000 | +800% |
| 97. | Qatar | $26,000 | 0% |
| 98. | Syria | $26,000 | -35% |
| 99. | Tanzania | $25,000 | +108.3% |
| 100. | Malawi | $25,000 | +78.6% |
Focusing on the 100 main exporters of bicycles, the fastest gainers were Peru (up 1,940% from 2020), Uzbekistan (up 1,882%), Pakistan (up 800%), North Korea (also up 800%) and Cyprus (up 650%).
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 2021 data was unavailable.
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 July 19, 2022
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on July 19, 2022
International Trade Centre, Trade Map. Accessed on July 19, 2022
Investopedia, Net Exports Definition. Accessed on July 19, 2022
Wikipedia, List of bicycle brands and manufacturing companies. Accessed on July 19, 2022
