China leads significantly in exports of parts and accessories of bicycles and motorcycles with a value of $5.32 billion in 2023. Japan and Italy follow at $1.6 billion and $1.08 billion, respectively. Other notable countries include Singapore, United States, and Germany, each slightly above or below $0.7 billion. Indonesia, Netherlands, Malaysia, and India make up the rest of the top ten, contributing under $0.5 billion each.
From 2022 to 2023, China's export value in this domain grew steadily, reinforcing its dominance. Japan and Italy maintained moderate growth, while other countries showed varied performance, some with positive trends and others with slight declines.
Looking ahead, keep an eye on:
- Technological advancements in manufacturing which may shift production efficiencies.
- Potential changes in global trade policies that could affect export dynamics.
- Growing interest in electric and smart mobility influencing the demand for specific bicycle and motorcycle parts.
- Emerging markets potentially increasing their exports due to enhanced manufacturing capabilities.
Top countries in Top Exporters of Parts and Accessories of Bicycles and Motorcycles
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 China | 5,320 | 2016 | |
| 2 | 2 Japan | 1,600 | 2016 | |
| 3 | 3 Italy | 1,080 | 2016 | |
| 4 | 4 Singapore | 801.78 | 2016 | |
| 5 | 5 United States | 713.99 | 2016 | |
| 6 | 6 Germany | 708.75 | 2016 | |
| 7 | 7 Indonesia | 500.85 | 2016 | |
| 8 | 8 Netherlands | 415.46 | 2016 | |
| 9 | 9 Malaysia | 403.07 | 2016 | |
| 10 | 10 India | 388.76 | 2016 |
