HS Code:
The Wheel Rims and Spokes category, classified under HS Code 871492, encompasses components primarily used in the assembly and maintenance of bicycles, motorcycles, and other wheeled vehicles. This category includes wheel rims, which are the outer circular structures of wheels, and spokes, which are the rods connecting the hub to the rim. These parts are critical for the structural integrity and performance of wheels, influencing factors such as weight, durability, and aerodynamics. The global trade of wheel rims and spokes is driven by the demand for bicycles and motorcycles, particularly in emerging markets, as well as the growing trend of cycling as a sustainable mode of transport and recreation.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU Single Market or USMCA)
Rising demand for lightweight materials
Increased use of aluminum and carbon fiber rims, driving up production costs but improving performance and fuel efficiency in bicycles and motorcycles.
2021-2022
Growth in e-bike market
Surging demand for durable and specialized wheel rims and spokes to support heavier e-bike frames and higher torque.
2020-2022
Sustainability focus
Manufacturers adopting eco-friendly production processes and recyclable materials to meet consumer and regulatory demands.
2022
The European Union introduced anti-dumping tariffs ranging from 8% to 10% on wheel rims imported from China to protect domestic manufacturers from unfair pricing practices.
March 2023
Potential increase in prices for European consumers and a shift in supply chains towards other exporters like Taiwan.
A leading Taiwanese manufacturer unveiled a new line of lightweight carbon fiber spokes, targeting the premium bicycle market with enhanced strength-to-weight ratios.
July 2023
Expected to drive demand in the high-end cycling segment, potentially increasing Taiwan's market share.
Under the United States-Mexico-Canada Agreement, tariffs on wheel rims and spokes traded between member countries were reduced to 0%, facilitating smoother trade flows.
January 2023
Boosted exports from Mexico to the US and Canada, strengthening regional supply chains.