HS Code:
The category 'Bicycles having both wheels exceeding 63.5 cm in diameter' (typically classified under HS Code 8712.00) includes non-motorized bicycles designed for adults or larger individuals, with wheel diameters exceeding 63.5 cm (approximately 25 inches). This category primarily encompasses standard road bikes, mountain bikes, and hybrid bicycles. These products are widely traded globally due to their use in transportation, recreation, and sports. The trade patterns are influenced by manufacturing capabilities, consumer demand for sustainable transport, and varying tariff structures across countries.
Total Trade Volume
USD 10.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
14% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU internal trade or USMCA)
Rising demand for eco-friendly transportation
Increased imports in urbanized regions like Europe and North America, boosting trade volume by 15% annually since 2020
2022
Shift in manufacturing from China to Southeast Asia
Countries like Vietnam and Cambodia are gaining market share due to lower labor costs and tariff avoidance strategies, with Vietnam's exports rising by 20% in 2022
2022
Growth in e-bike integration
While this HS code excludes motorized bikes, the popularity of e-bikes is influencing design and component trade, indirectly impacting traditional bicycle markets
2022
The European Union extended anti-dumping duties on Chinese bicycles for another five years to protect domestic manufacturers, maintaining tariffs up to 48.5%.
June 2023
This continues to divert trade flows, with European importers sourcing more from Taiwan and Vietnam, potentially increasing costs for consumers.
The US granted temporary tariff waivers on specific bicycle imports from China under Section 301, citing supply chain constraints.
March 2023
This has led to a short-term increase in Chinese bicycle imports to the US, potentially affecting domestic and other international suppliers.
Post-COVID supply chain bottlenecks have started to resolve, with shipping costs decreasing and port delays reducing, aiding bicycle trade recovery.
September 2023
Trade volumes are expected to stabilize, with a projected 10% growth in exports from major producers like China and Taiwan in 2024.