Taiwan’s bicycle exports increased 28% through April

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In 2021, the export value of Taiwanese electric bicycles to the European Union increased by 15.68%, compared to 2020.

(11-7-2022). Taiwan exported nearly $2 billion worth of bicycles, electric bikes and cycling components in the first four months of this year. The figure was 28% higher than the same period last year. Exports of ebikes will exceed those of conventional bicycles

Figures from the Ministry of Economic Affairs and the Taiwan Bicycle Association show that exports of cycling components grew the most, while the revenue generated from electric bicycle exports will exceed that of traditional bicycles this year.

North America and the European Union remain the largest markets for Taiwan’s electric bicycle exports.

Components exports grew by 42.7% in the period, to a total value of more than 1,000 million dollars. The export of non-electric complete bicycles increased by almost 20%, while the export of electric bicycles increased by 12.8%.

INCREASE OF 40% IN 2021

The Ministry of Economic Affairs and the Taiwan Bicycle Association also released export figures for the entire calendar year 2021. Last year, the total export value of Taiwan’s cycling products reached 5.15 billion US dollars, up almost 40%. more than in 2020.

Components increased by 56.7% and electric bicycles grew by 33.2%. Complete non-electric bikes grew by 19.1% in 2021.

Taiwan’s top three export markets in 2021 were the United States (24.3%), the Netherlands (17.5%), and Germany (13.1%).

EXPORTS OF EBIKES, SHOOTED

Last year the growth of electric bicycle exports to the NAFTA region increased by more than 70%. The export value of electric bicycles to the European Union increased by 15.68%.

Electric bicycle exports to the US increased by 75.7% Electric bicycles grew even more significantly, by 75.72% last year, amounting to almost 380 million dollars.


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