The overall value of exported bicycles grew by an average 34% for all exporting countries since 2018 when worldwide shipments of bicycles were valued at $9.2 billion.
From 2021 to 2022, revenues from exported bicycles fell by -2.5% starting from $12.6 billion.
The top 5 largest exporters of bicycles by country are mainland China, Taiwan, Germany, Cambodia, then the Netherlands. Collectively, that cohort of major supplying nations represent almost two-thirds (65.5%) of all exported bicycles sold on international markets during 2022. 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 2022 with shipments valued at $7.4 billion or 59.7% of the global total. Almost two-fifths (37.9%) was shipped by European exporters.
Tinier percentages came from sellers in North America (1.6%), Africa (0.5%), Latin America (0.3%) excluding Mexico but including the Caribbean, and Oceania (0.04%) 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 2022.
- China: US$3.8 billion (30.5% of total exported bicycles)
- Taiwan: $1.6 billion (13.3%)
- Germany: $935.5 million (7.6%)
- Cambodia: $899.8 million (7.3%)
- Netherlands: $843.3 million (6.8%)
- Italy: $369.8 million (3%)
- Portugal: $362.2 million (2.9%)
- Spain: $336.6 million (2.7%)
- Vietnam: $327.5 million (2.7%)
- Belgium: $313.2 million (2.5%)
- Bulgaria: $204.6 million (1.7%)
- Indonesia: $203.1 million (1.6%)
- Bangladesh: $192.5 million (1.6%)
- Poland: $186.8 million (1.5%)
- United States: $171.2 million (1.4%)
By value, the listed 15 countries shipped 87.1% of global bicycles exported in 2022.
Among the top exporters, the fastest-growing bicycles exporters since 2021 were: Vietnam (up 239.7%), Spain (up 50.2%), United States of America (up 47.3%) and Cambodia (up 42.7%).
Four major suppliers posted declines in their exported bicycles sales, namely: mainland China (down -27.1% from 2021), Netherlands (down -13.5%), Indonesia (down -9.9%) and Portugal (down -0.6%).
Countries Generating Largest Trade Surpluses from Bicycles
The following countries posted the highest positive net exports for bicycles during 2022. 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$3.7 billion (net export surplus down -28.2% since 2021)
- Taiwan: $1.6 billion (up 23%)
- Cambodia: $882.2 million (up 43.8%)
- Portugal: $325.9 million (down -0.01%)
- Bulgaria: $195.1 million (up 14.4%)
- Italy: $173.5 million (up 46.1%)
- Bangladesh: $168.6 million (up 24.5%)
- Indonesia: $161.9 million (up 13.4%)
- Lithuania: $127.7 million (up 37.3%)
- Vietnam: $107.4 million (up 115.2%)
- Romania: $91.9 million (down -11.6%)
- Türkiye: $74.8 million (up 12.7%)
- Spain: $60.4 million (reversing a -$74.1 million deficit)
- Hungary: $54.6 million (up 133.8%)
- Tunisia: $48.6 million (down -2.7%)
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 2022. 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 down -0.2% since 2021)
- Japan: -$642.1 million (down -2.4%)
- Canada: -$399.4 million (up 27.7%)
- United Kingdom: -$378 million (down -5%)
- France: -$358.3 million (up 5.2%)
- Australia: -$306.6 million (up 11.1%)
- Germany: -$245.2 million (up 201.2%)
- Switzerland: -$228.3 million (up 18.4%)
- Austria: -$207.9 million (up 23.4%)
- South Korea: -$205.4 million (up 4.8%)
- Belgium: -$176.2 million (up 23.2%)
- Russia: -$123.4 million (down -36.7%)
- Denmark: -$122.7 million (up 10.5%)
- Chile: -$108.2 million (down -28.1%)
- Finland: -$102.8 million (up 14.5%)
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.
Searchable List of Bicycles Exporting Countries in 2022
The 100 key exporters in the following automated database sold 99.96% of total international sales for bicycles during 2022.
| Rank | Exporter | Bicycle Exports | 2021-2 |
|---|---|---|---|
| 1. | China | $3,758,512,000 | -27.1% |
| 2. | Taiwan | $1,642,800,000 | +22.6% |
| 3. | Germany | $935,540,000 | +10.7% |
| 4. | Cambodia | $899,759,000 | +42.7% |
| 5. | Netherlands | $843,304,000 | -13.5% |
| 6. | Italy | $369,750,000 | +3% |
| 7. | Portugal | $362,188,000 | -0.6% |
| 8. | Spain | $336,604,000 | +50.2% |
| 9. | Vietnam | $327,460,000 | +239.7% |
| 10. | Belgium | $313,212,000 | +39.1% |
| 11. | Bulgaria | $204,553,000 | +12.6% |
| 12. | Indonesia | $203,135,000 | -9.9% |
| 13. | Bangladesh | $192,541,000 | +20.9% |
| 14. | Poland | $186,758,000 | +2.1% |
| 15. | United States | $171,249,000 | +47.3% |
| 16. | France | $170,588,000 | +0.3% |
| 17. | Czech Republic | $151,097,000 | +21.9% |
| 18. | Lithuania | $142,578,000 | +27.8% |
| 19. | Austria | $140,561,000 | +45.3% |
| 20. | Romania | $128,179,000 | -9.9% |
| 21. | United Kingdom | $122,914,000 | +11.6% |
| 22. | Hungary | $88,662,000 | +37% |
| 23. | Türkiye | $88,417,000 | +10.2% |
| 24. | Thailand | $56,422,000 | +44% |
| 25. | India | $52,731,000 | -22.3% |
| 26. | Tunisia | $51,668,000 | -2.1% |
| 27. | Sri Lanka | $45,037,000 | -33.6% |
| 28. | Japan | $40,928,000 | -9% |
| 29. | Sweden | $34,095,000 | -5.2% |
| 30. | Slovakia | $33,138,000 | -10.1% |
| 31. | Canada | $28,694,000 | +32.7% |
| 32. | Panama | $25,304,000 | -11.3% |
| 33. | Denmark | $22,782,000 | -13.6% |
| 34. | Serbia | $20,222,000 | -10.2% |
| 35. | Greece | $17,191,000 | +139.3% |
| 36. | Singapore | $15,649,000 | -38.3% |
| 37. | Malaysia | $12,128,000 | -20.1% |
| 38. | Philippines | $8,510,000 | -84.8% |
| 39. | Croatia | $7,948,000 | -0.6% |
| 40. | South Africa | $6,600,000 | +16.4% |
| 41. | Switzerland | $6,067,000 | -1.8% |
| 42. | Russia | $5,168,000 | -70.9% |
| 43. | Australia | $4,850,000 | +27.6% |
| 44. | Slovenia | $4,772,000 | +1.2% |
| 45. | South Korea | $4,700,000 | +16.2% |
| 46. | Hong Kong | $4,300,000 | +14.9% |
| 47. | Finland | $4,077,000 | +49.8% |
| 48. | Estonia | $3,876,000 | -30.6% |
| 49. | Norway | $3,326,000 | -14.3% |
| 50. | Morocco | $2,849,000 | +324% |
| 51. | Brazil | $2,705,000 | +2.4% |
| 52. | Andorra | $2,289,000 | +47.2% |
| 53. | Equatorial Guinea | $2,284,000 | 0% |
| 54. | Uzbekistan | $1,770,000 | -21.6% |
| 55. | Ireland | $1,687,000 | +36.9% |
| 56. | Ukraine | $1,548,000 | +76.9% |
| 57. | Latvia | $1,505,000 | +1.9% |
| 58. | United Arab Emirates | $1,169,000 | -92.9% |
| 59. | Belarus | $888,000 | -89.8% |
| 60. | Kazakhstan | $834,000 | +163.9% |
| 61. | Colombia | $762,000 | +16.5% |
| 62. | New Zealand | $549,000 | +15.8% |
| 63. | Israel | $499,000 | +166.8% |
| 64. | Comoros | $477,000 | 0% |
| 65. | British Virgin Is | $450,000 | -31% |
| 66. | Costa Rica | $366,000 | +45.8% |
| 67. | Chile | $287,000 | -7.7% |
| 68. | Myanmar | $281,000 | +473.5% |
| 69. | Armenia | $261,000 | +366.1% |
| 70. | Bahrain | $245,000 | +1190% |
| 71. | Ghana | $240,000 | +3.4% |
| 72. | Venezuela | $229,000 | +2444% |
| 73. | Guatemala | $208,000 | -8% |
| 74. | Mexico | $188,000 | -64.1% |
| 75. | Peru | $185,000 | -39.5% |
| 76. | Kenya | $169,000 | -11.1% |
| 77. | Malta | $110,000 | +816.7% |
| 78. | Ecuador | $107,000 | 0% |
| 79. | Tajikistan | $102,000 | -51.4% |
| 80. | Bosnia/Herzegovina | $79,000 | -48% |
| 81. | Timor-Leste | $76,000 | 0% |
| 82. | El Salvador | $68,000 | +1260% |
| 83. | Cameroon | $65,000 | +6400% |
| 84. | Namibia | $61,000 | +90.6% |
| 85. | Trinidad and Tobago | $52,000 | +271.4% |
| 86. | Angola | $48,000 | +26.3% |
| 87. | Nauru | $45,000 | +1400% |
| 88. | Dominican Republic | $44,000 | -73.3% |
| 89. | Ethiopia | $40,000 | -11.1% |
| 90. | Montenegro | $40,000 | +900% |
| 91. | Pakistan | $40,000 | -44.4% |
| 92. | Luxembourg | $38,000 | -64.2% |
| 93. | Saudi Arabia | $37,000 | +1133% |
| 94. | Laos | $35,000 | +250% |
| 95. | Mozambique | $25,000 | -58.3% |
| 96. | Moldova | $25,000 | +8.7% |
| 97. | Cyprus | $25,000 | -57.6% |
| 98. | North Korea | $24,000 | -45.5% |
| 99. | Bahamas | $23,000 | +4.5% |
| 100. | Pitcairn | $20,000 | 0% |
Focusing on the 100 main exporters of bicycles, the fastest gainers were Cameroon (up 6,400% from 2021), Venezuela (up 2,444%), Nauru (up 1,400%), El Salvador (also up 1,260%), Bahrain (up 1,190) and Saudi Arabia (up 1,133%).
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 2022 data was unavailable.
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 August 24, 2023
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on August 24, 2023
International Trade Centre, Trade Map. Accessed on August 24, 2023
Investopedia, Net Exports Definition. Accessed on August 24, 2023
Wikipedia, List of bicycle brands and manufacturing companies. Accessed on August 24, 2023
