- Home
- Middle East
- UAE
- EU bicycle trade value surged to €1.1 billion in 2022, statistics issued on World Bicycle Day show
EU Bicycle Trade Value Surged To €1.1 Billion In 2022, Statistics Issued On World Bicycle Day Show
Fahad Shabbir (@FahadShabbir) Published June 03, 2023 | 07:30 PM
(UrduPoint / Pakistan Point News / WAM - 03rd Jun, 2023) BRUSSELS, 3rd June, 2023 (WAM) – In 2022, the EU exported €1.1 billion worth of bicycles (both electric and non-electric) (+22 percent compared with 2021), according to an estimate published by Eurostat, the statistical office of the European Union on the World Bicycle Day. The imports amounted to more than double the exports, with €2.5 billion worth of bicycles (+32 percent).
The overall increase in the trade value of bicycles can be attributed to an increase in the trade of electric bicycles, which are typically more expensive.
A further look into the 2022 data shows that the EU exported 365,000 electric bicycles (+16 percent compared with 2021) and imported 1.2 million electric bicycles (+16 percent). Meanwhile, the EU exported 1 million non-electric bicycles (-31 percent compared with 2021) and imported 5.2 million (-9 percent).
In 2022, Switzerland was the main destination for EU exports of non-electric bicycles (25 percent of the extra-EU total, measured in value), followed by the United Kingdom (23 percent), and the United States (7 percent).
For exports of electric bicycles, Switzerland and the UK were also the main destinations (38 percent and 27 percent of total extra-EU electric bicycle exports, respectively), followed by the United States (13 percent) and Norway (9 percent).
In 2022, EU imports of non-electric bicycles came mainly from Cambodia (30 percent of total extra-EU bicycle imports), Taiwan (23 percent), China (11 percent), Bangladesh (10 percent) and Türkiye (6 percent).
Meanwhile, imports of electric bicycles into the EU came primarily from Taiwan (56 percent of total extra-EU electric bicycle imports), followed by Vietnam (14 percent), Switzerland (13 percent), China (8 percent) and Türkiye (5 percent).
World Bicycle Day draws attention to the benefits of using the bicycle — a simple, affordable, clean and environmentally fit sustainable means of transportation.
Related Topics
Recent Stories
Sindh home minister chairs law and order meeting
Bakht Kakar orders to ensure maximum facilities in livestock sector
NEPRA concludes hearing into FCA of DISCOs for March
Junta-led Burkina Faso suspends BBC, Voice of America for two weeks
Chairman COPHC lauds MoMA’s efforts at Gwadar Port, Free Zone
CM’s aide directs steps to prevent domestic violence against women
LESCO detects 74,621 power pilferers in 220 days
Regional Police officer (RPO) Shariq Kamal Siddiqui holds open court
LESCO collects over Rs 4.36m from 189 defaulters in 24 hours
Secretary health urges public to follow precautionary measures to avoid spreadin ..
PM directs formation of committee for consultation with provinces on carbon cred ..
UAF to ink MoU with Ethiopian universities
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago