Rising average prices of Taiwan’s bicycles shipped overseas have helped boost their total export value by 9.7 percent year-on-year during the first 10 months of the year, the latest government statistics showed.
Based on statistics compiled by the Directorate-General of Budget, Accounting and Statistics (DGBAS), the average selling price of Taiwan-made bicycles for overseas sales rose 11.7 percent from a year earlier to NT$11,744 (US$401.2) per bike.
That was also 5.9 percent higher than the NT$11,090 per bike at the end of June, the data showed.
As a result, the overall custom-cleared bicycle exports from January to last month increased 9.7 percent year-on-year to NT$45.3 billion, the DGBAS said in a report released on Wednesday on its Web site.
During the first half of the year, total exports were 5.8 percent higher than a year earlier reaching NT$25.32 billion, the data showed.
The EU still accounted for the largest proportion of Taiwanese bicycles during the first 10 months of the year, despite the lingering debt problems of some eurozone countries.
The region bought NT$22.82 billion — or 50.38 percent — of Taiwanese bicycles in the 10-month period, up 6.6 percent from a year earlier, according to DGBAS data.
Among the major European markets, shipments to the Netherlands grew 35.1 percent from a year ago to NT$6.32 billion, while those to the UK declined 1.9 percent to NT$3.98 billion during the same period.
The DGBAS statistics indicated the value of Taiwanese bicycles sold to North America also increased 5.5 percent year-on-year to NT$12.77 billion in the first 10 months, accounting for 28.19 percent of total bicycle exports, while those to Asia jumped 33.4 percent to NT$6.55 billion, or 14.46 percent of overall exports.
Within neighboring Asian countries, the value of Taiwanese bikes shipped to China in the 10-month period surged 140 percent to NT$1.44 billion, while the value of exports to Japan rose 21.7 percent to NT$3.23 billion, the statistics showed.