Money Buzz! Europa

Tag: electric bicycles

  • European Union states exported almost 1.3 million bicycles in 2020

    European Union states exported almost 1.3 million bicycles in 2020

    In 2020, the European Union exported almost 1.3 million bicycles and other cycles, worth a total of €471 million, to countries outside of the EU, Eurostat reports.

    Over the same period, the EU imported almost 5 million bicycles, worth €930 million, from countries outside its borders.

    Compared with 2019, exports of bicycles and other cycles increased by 35% in 2020 in numbers, while imports declined by 3%.

    273.900 electric bicycles worth €427 million were exported by the EU in 2020. Meanwhile, the EU imported 839 100 electric bicycles, worth €721 million, from other countries.

    Compared with 2019, exports of electric bicycles increased by 43% in 2020 in numbers, while imports of electric bicycles increased by 19%.

    In 2020,UK was the main destination for EU exports of bicycles (34% of total extra-EU bicycle exports), followed by Switzerland (13%), Brazil (9%), Turkey (5%) and Uzbekistan (4%). 

    Imports of bicycles from non-EU countries came mainly from Cambodia (24% of total extra-EU bicycle imports), China (17%), Taiwan (11%), Bangladesh (8 %), Turkey (7%), Philippines (6%) and Sri Lanka (5%). 

  • Turkey sold electric bicycles to 43 countries last year

    Turkey sold electric bicycles to 43 countries last year

    Foreign trade for electric bicycles made in Turkey has quadrupled in 2020 compared to 2019, with exports reaching $ 39.2 million, Daily Sabah reports.

    In 2020, exports increased mainly due to increased demand in Europe.

    The biggest demand came from Finland, which imported $ 9.6 million worth of electric bicycles, Italy ($ 7.9 million) and the Netherlands ($ 7.4 million).

    Sales of electric bicycles to the European Union are growing every year, said Anil Shakrak, head of Accell Bicycle, a company that produces about 250,000 bicycles and exports 70 percent of its production.

    He explained that the share of electric bicycles in total bicycle exports rose to 42%.