RSS   Newsletter   Contact   Advertise with us

Shipments of Taiwan-made electric bicycles this year up 38.86 percent

Staff Writer | June 25, 2018
The total value of the nation’s bicycle exports increased 16.3 percent year-on-year to $545.9 million during the first five months of this year, as rising average product prices offset declining overseas shipments, the Taiwan Bicycle Association reported on its Web site, citing the latest Ministry of Finance statistics.
Taiwan bicycles
Asia   Demand has been rising in Indonesia
The data also showed that although demand has been rising in Indonesia, Mexico, the Czech Republic, Estonia and Ukraine, markets such as the U..S, Canada, the EU, Japan, Australia, China and South Korea remain the main destinations for Taiwanese bicycles, accounting for nearly 90 percent of total exports.

Association showed that the combined value of bicycle exports from January to last month grew 41.99 percent year-on-year in Japan, followed by growth of 36.82 percent in China, 31.95 percent in the three countries of the North American Free Trade Agreement (NAFTA) and 22.46 percent in Australia, but declined 34.22 percent in Thailand and 31.04 percent in Malaysia.

The 28 EU nations were still the biggest export market in the first five months of the year, as the bloc bought $214.31 million — or 39.26 percent — of the nation’s exports, with the combined export value increasing 8.29 percent from the same period last year, the data showed.

Among the major EU markets, sales to the Netherlands surged 54.51 percent from last year and shipments to Spain jumped 43.38 percent, while exports to the UK declined 6.93 percent and those to Belgium dropped 9.7 percent, the data showed.


 

MORE INSIDE POST