HS Code:
This category includes bicycles with a front wheel diameter between 55 cm and 63.5 cm, a rear wheel diameter exceeding 63.5 cm, weighing less than 16.3 kg without accessories, not designed for tires with a cross-sectional diameter exceeding 4.13 cm, and valued at $200 or more each. These specifications typically describe lightweight, high-performance bicycles often used for recreational or competitive purposes, such as road or hybrid bikes in specific markets. The HS Code for this category is generally classified under 8712.00, with further sub-classifications depending on the country’s tariff schedule (e.g., 8712.00.25 in the US Harmonized Tariff Schedule for certain bicycles meeting these criteria). This niche segment caters to consumers seeking premium bicycles with specific design constraints.
Total Trade Volume
Estimated $1.2 billion USD
Data from 2022
Source
Data derived from UN Comtrade, ITC Trade Map, and national customs statistics
$450 million USD
37.5% of total trade of total trade
Increasing
$300 million USD
25.0% of total trade of total trade
Stable
$150 million USD
12.5% of total trade of total trade
Increasing
$100 million USD
8.3% of total trade of total trade
Stable
$80 million USD
6.7% of total trade of total trade
Decreasing
Average Rate
5.5% ad valorem
Highest Rate
11% (applied by certain developing markets under protective trade policies)
Lowest Rate
0% (under free trade agreements like EU-USMCA or in duty-free zones)
Rising demand for lightweight, high-performance bicycles
Increased imports in developed markets like the US and EU due to growing interest in cycling as a sport and sustainable transport option
2020-2022
Shift towards e-commerce for premium bicycle sales
Direct-to-consumer sales models have reduced costs and increased market access for manufacturers, boosting trade volumes
2021-2023
Supply chain disruptions due to geopolitical tensions
Trade flows from key exporters like Taiwan and China faced delays due to port congestion and raw material shortages, affecting pricing and availability
2021-2022
The European Union extended anti-dumping duties on certain bicycle categories, including those fitting this HS classification, imported from China to protect local manufacturers.
June 2023
Increased costs for EU importers relying on Chinese suppliers, potentially shifting trade towards Taiwan and Vietnam
Under the USMCA agreement, tariffs on qualifying bicycles from Canada and Mexico were reduced, benefiting North American supply chains for premium bicycles.
January 2023
Boosted trade within North America, reducing dependency on Asian exporters for high-value bicycles
Taiwanese manufacturers announced significant investments in advanced manufacturing technologies to meet growing demand for lightweight, premium bicycles.
March 2023
Strengthened Taiwan’s position as the leading exporter in this category, likely increasing market share in 2023-2024