In 2023, European Union countries exported bicycles worth €1.03 billion (both electric and non-electric), a decrease of 10% compared to 2022, according to Eurostat.
The value of imports was €1.98 billion, a decline of 21% compared to 2022.
A detailed look at the 2023 data reveals that the EU exported 293,000 electric bicycles (-21% compared to 2022) and imported 867,000 electric bicycles (-27%). Simultaneously, the EU exported 852,000 non-electric bicycles (-17% compared to 2022) and imported 3.5 million (-34%).
In 2023, Switzerland was the main destination for non-electric bicycle exports from the EU (30% of total non-EU exports by value), followed by the United Kingdom (20%) and the United States (6%).
Switzerland and the United Kingdom were also the primary destinations for electric bicycle exports (46% and 26% of total electric bicycle exports outside the EU, respectively), followed by the US (10%) and Norway (9%).
Most of the EU’s non-electric bicycle imports in 2023 came from Taiwan (32% of total non-EU imports by value), Cambodia (28%), China, and Bangladesh (both 8%).
The majority of electric bicycle imports into the EU were from Taiwan (59% of total non-EU imports), followed by Vietnam (16%), Switzerland (11%), and China (6%).
