diff --git a/.coveragerc b/.coveragerc
index 23b00aed6de..e49103c3b3b 100644
--- a/.coveragerc
+++ b/.coveragerc
@@ -275,7 +275,6 @@ omit =
     homeassistant/components/garmin_connect/sensor.py
     homeassistant/components/gc100/*
     homeassistant/components/geniushub/*
-    homeassistant/components/gearbest/sensor.py
     homeassistant/components/geizhals/sensor.py
     homeassistant/components/gios/__init__.py
     homeassistant/components/gios/air_quality.py
diff --git a/CODEOWNERS b/CODEOWNERS
index c51b087c031..7404d3a62aa 100644
--- a/CODEOWNERS
+++ b/CODEOWNERS
@@ -141,7 +141,6 @@ homeassistant/components/fronius/* @nielstron
 homeassistant/components/frontend/* @home-assistant/frontend
 homeassistant/components/garmin_connect/* @cyberjunky
 homeassistant/components/gdacs/* @exxamalte
-homeassistant/components/gearbest/* @HerrHofrat
 homeassistant/components/geniushub/* @zxdavb
 homeassistant/components/geo_rss_events/* @exxamalte
 homeassistant/components/geonetnz_quakes/* @exxamalte
diff --git a/homeassistant/components/gearbest/__init__.py b/homeassistant/components/gearbest/__init__.py
deleted file mode 100644
index c97d9469296..00000000000
--- a/homeassistant/components/gearbest/__init__.py
+++ /dev/null
@@ -1 +0,0 @@
-"""The gearbest component."""
diff --git a/homeassistant/components/gearbest/manifest.json b/homeassistant/components/gearbest/manifest.json
deleted file mode 100644
index 4729fd6b6f3..00000000000
--- a/homeassistant/components/gearbest/manifest.json
+++ /dev/null
@@ -1,7 +0,0 @@
-{
-  "domain": "gearbest",
-  "name": "Gearbest",
-  "documentation": "https://www.home-assistant.io/integrations/gearbest",
-  "requirements": ["gearbest_parser==1.0.7"],
-  "codeowners": ["@HerrHofrat"]
-}
diff --git a/homeassistant/components/gearbest/sensor.py b/homeassistant/components/gearbest/sensor.py
deleted file mode 100644
index b9b2a35b89d..00000000000
--- a/homeassistant/components/gearbest/sensor.py
+++ /dev/null
@@ -1,123 +0,0 @@
-"""Parse prices of an item from gearbest."""
-from datetime import timedelta
-import logging
-
-from gearbest_parser import CurrencyConverter, GearbestParser
-import voluptuous as vol
-
-from homeassistant.components.sensor import PLATFORM_SCHEMA
-from homeassistant.const import CONF_CURRENCY, CONF_ID, CONF_NAME, CONF_URL
-import homeassistant.helpers.config_validation as cv
-from homeassistant.helpers.entity import Entity
-from homeassistant.helpers.event import track_time_interval
-from homeassistant.util import Throttle
-
-_LOGGER = logging.getLogger(__name__)
-
-CONF_ITEMS = "items"
-
-ICON = "mdi:coin"
-MIN_TIME_BETWEEN_UPDATES = timedelta(seconds=2 * 60 * 60)  # 2h
-MIN_TIME_BETWEEN_CURRENCY_UPDATES = timedelta(seconds=12 * 60 * 60)  # 12h
-
-
-_ITEM_SCHEMA = vol.All(
-    vol.Schema(
-        {
-            vol.Exclusive(CONF_URL, "XOR"): cv.string,
-            vol.Exclusive(CONF_ID, "XOR"): cv.string,
-            vol.Optional(CONF_NAME): cv.string,
-            vol.Optional(CONF_CURRENCY): cv.string,
-        }
-    ),
-    cv.has_at_least_one_key(CONF_URL, CONF_ID),
-)
-
-_ITEMS_SCHEMA = vol.Schema([_ITEM_SCHEMA])
-
-PLATFORM_SCHEMA = PLATFORM_SCHEMA.extend(
-    {vol.Required(CONF_ITEMS): _ITEMS_SCHEMA, vol.Required(CONF_CURRENCY): cv.string}
-)
-
-
-def setup_platform(hass, config, add_entities, discovery_info=None):
-    """Set up the Gearbest sensor."""
-
-    currency = config.get(CONF_CURRENCY)
-
-    sensors = []
-    items = config.get(CONF_ITEMS)
-
-    converter = CurrencyConverter()
-    converter.update()
-
-    for item in items:
-        try:
-            sensors.append(GearbestSensor(converter, item, currency))
-        except ValueError as exc:
-            _LOGGER.error(exc)
-
-    def currency_update(event_time):
-        """Update currency list."""
-        converter.update()
-
-    track_time_interval(hass, currency_update, MIN_TIME_BETWEEN_CURRENCY_UPDATES)
-
-    add_entities(sensors, True)
-
-
-class GearbestSensor(Entity):
-    """Implementation of the sensor."""
-
-    def __init__(self, converter, item, currency):
-        """Initialize the sensor."""
-
-        self._name = item.get(CONF_NAME)
-        self._parser = GearbestParser()
-        self._parser.set_currency_converter(converter)
-        self._item = self._parser.load(
-            item.get(CONF_ID), item.get(CONF_URL), item.get(CONF_CURRENCY, currency)
-        )
-        if self._item is None:
-            raise ValueError("id and url could not be resolved")
-
-    @property
-    def name(self):
-        """Return the name of the item."""
-        return self._name if self._name is not None else self._item.name
-
-    @property
-    def icon(self):
-        """Return the icon for the frontend."""
-        return ICON
-
-    @property
-    def state(self):
-        """Return the price of the selected product."""
-        return self._item.price
-
-    @property
-    def unit_of_measurement(self):
-        """Return the currency."""
-        return self._item.currency
-
-    @property
-    def entity_picture(self):
-        """Return the image."""
-        return self._item.image
-
-    @property
-    def device_state_attributes(self):
-        """Return the state attributes."""
-        attrs = {
-            "name": self._item.name,
-            "description": self._item.description,
-            "currency": self._item.currency,
-            "url": self._item.url,
-        }
-        return attrs
-
-    @Throttle(MIN_TIME_BETWEEN_UPDATES)
-    def update(self):
-        """Get the latest price from gearbest and updates the state."""
-        self._item.update()
diff --git a/requirements_all.txt b/requirements_all.txt
index 90a2a87df1f..b60a60be24f 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -612,9 +612,6 @@ gTTS-token==1.1.3
 # homeassistant.components.garmin_connect
 garminconnect==0.1.13
 
-# homeassistant.components.gearbest
-gearbest_parser==1.0.7
-
 # homeassistant.components.geizhals
 geizhals==0.0.9