Tag Archive: import & export

  1. New Zealand and EU trade deal comes into force

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    The EU and NZ FTA (Free Trade Agreement) is expected to make trading opportunities much easier between the two regions, and is estimated to save EU companies €140 million a year in duties.

    Source: European Union

    The FTA agreement is expected to increase business opportunities in the EU and New Zealand by making trading much easier and cheaper with benefits for businesses, citizens and farmers. Its core focuses are on benefiting farmers, trade in goods, and investment & services on digital trade. The FTA is also underlines sustainability commitments that comply with the Paris Climate Agreement and core working rights.

    Key FTA advantages that look set to improve business relations between EU & NZ

    • Zero tariffs on EU exports to New Zealand.
    • New Zealand’s service market to widen in key sectors including financial services, telecomms, maritime transport and delivery services.
    • Non-discriminatory treatment of EU investors in New Zealand.
    • EU companies to get improved access to New Zealand government procurement contracts for goods, services, works and works concessions.
    • Guidelines to help small businesses’ exports.
    • Significantly reduced compliance requirements and procedures.

    The benefits that zero tariffs & improved trading market conditions present

    It has been reported that in 2022 EU businesses exported €6.258bn of goods to New Zealand, and imported €2.807bn from there. Now that the new FTA has removed tariffs, this factor alone could save EU businesses approximately €140 million in duties per year on exporting their goods to New Zealand, and it is expected to help grow overall bilateral trade by up to 30% within a decade*.

    *As published in European Commission, Trade Sustainability Impact Assessment

    The FTA zero tariffs is exciting news for many European businesses, including those in the motor vehicles and parts industry, which previously experienced tariffs of up to 10%.

  2. E-Bike imports into EU shrink with more than 30%

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    In 2018, there were still more than 1 million electric bicycles with pedal assistance up to 25 km/h and 250W imported[i] into the EU. On 18 January 2019, the European Commission published its decision to impose anti-dumping and countervailing duties on electric bicycles, which had an immediate effect. In 2019, imports from outside the EU shrunk with more than 30% to a little over 750,000.

    Taiwan wins

    The decrease in EU imports was entirely at the expense of China, which saw its result decimated from + 660,000 to just over 107,000. The biggest winner outside Europe of this decision was Taiwan. The country exported 338,570 e-bikes into the EU, 80% more than the previous year. Vietnam ended second in the top ten of exporters, but its export increased hardly: only 1.1% to just under 155,000. It is very likely that the Vietnamese result will be considerably higher this year, among other things due to the ratification of the free trade agreement with the EU.

    New players

    There are a few remarkable newcomers in the top 10. Malaysia in 8th position grew its export to the EU from virtually nothing to just under 11,000. Exports from Indonesia, on 9, remained relatively low at around 3,500, a result similar to that of the Cambodian export, which pushed the country from 7th to 9th position. Thailand booked a “modest” increase of just under 40% to a total of almost 16,000 and remained in 5th position. Turkey, in a customs union with the EU, managed only to a limited extent to benefit from the measures taken against China; it imported around 13,000 bikes, which was almost 5.5 times more than in 2018. Last year, China lost in volume a total of 552,508 electric bicycles. The countries in the top 10 (without Switzerland) have scooped up 37.7% of that loss, i.e. 208,493 bikes.

    Average value

    Switzerland is the country in the top 10 that has exported the most expensive e-bikes to the European Union. Their average value was € 1,714, that is a 7.5% increase. Surprisingly, in second place is Cambodia with € 1,129, almost double the value of 2018. In third place comes Taiwan, which only marginally increased its average value with 5.5% to € 1,055. The average value of imports from Thailand, Turkey and Indonesia all decreased with percentages under 10 and ended up anywhere between 500 and € 660. Remarkably enough, the average value of e-bikes from Japan only reached € 483, very close to the average Chinese value in 2018 of € 443. In conclusion, the average value of the total European import increased with 38.7% to € 836.


    With the imposition of duties on e-bikes from China, quite a number of Chinese assemblers and their customers moved their operations to Taiwan. That explains why import volume increased with 80%. If there would have been dumping at a scale as argued by EBMA and endorsed by the Commission, then these accused Chinese assemblers would have dragged the average Taiwanese value down. The fact that the opposite has happened is quite telling.
    Obviously, what little assembly is left in China now can only be in the lowest price range. With anti-dumping and countervailing duties up to almost 80%, mid- and high-range e-bikes produced in China obviously become unsellable in the EU. And so the average value of e-bikes from China has dropped with almost 42% to € 258.

    EU export

    Last year, the EU has exported 138,000 e-bikes, a modest growth of almost 16%. The three main customers are Switzerland, Norway and the US. The average value, which was already high in 2018, increased with another 2.7% to € 1,587. The total value of European exported e-bikes was € 219 million, an increase of 19%. That is still about 3 times less than the total import value, which ended up at € 629 million in 2019, almost 4% less than in 2018.


    [i] All numbers in this article only concern e-bikes with pedal assistance up to 25 km/h and 250W, CN Code 8711 60 10. The results for other electric bicycles are not available from Eurostat yet.

    Photo by Diego Fernandez on Unsplash

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