HS Code:
The 'Having a rim size not exceeding 61 cm' category typically falls under HS Code 8712.00, which includes bicycles and other cycles (including delivery tricycles), not motorized, with a specific focus on smaller rim sizes often associated with children's bicycles or compact models. This category is significant in global trade due to the widespread demand for affordable personal transportation and recreational products, particularly in developing and urbanizing regions. The products are manufactured using a mix of steel, aluminum, and composite materials, catering to diverse consumer needs ranging from basic models to premium lightweight designs.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 650 million
54.2% of total trade of total trade
Increasing
USD 180 million
15.0% of total trade of total trade
Stable
USD 90 million
7.5% of total trade of total trade
Increasing
USD 75 million
6.3% of total trade of total trade
Stable
USD 60 million
5.0% of total trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
14% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Rising demand for eco-friendly transportation
Increased imports of bicycles in urban areas of Europe and North America as cities promote cycling to reduce carbon emissions.
2021-2022
Shift to e-commerce sales channels
Direct-to-consumer models and online marketplaces have boosted trade volumes, especially for smaller rim size bicycles catering to children.
2020-2022
Supply chain diversification
Manufacturers are shifting production from China to countries like Vietnam and Cambodia to mitigate risks from US-China trade tensions.
2019-2022
The European Union extended anti-dumping duties on Chinese bicycle imports, including those with rim sizes not exceeding 61 cm, to protect domestic manufacturers.
June 2023
This is likely to increase costs for EU importers and may drive demand for alternative suppliers from Taiwan or Vietnam.
Amid ongoing trade disputes, the US imposed an additional 10% tariff on bicycle components, indirectly affecting the cost of assembled bicycles in this category.
March 2023
This may lead to higher retail prices in the US market, potentially dampening demand for budget models.
Vietnam has seen a 20% year-on-year increase in bicycle exports, driven by foreign direct investment and favorable trade agreements.
September 2022
This positions Vietnam as a competitive alternative to China, potentially reshaping global supply chains for this product category.