March 24, 2023

Cambodia Exports Bicycles Worth US$966 Million in 2022

Cambodian exported US$966 million worth of bicycles to international markets in 2022, up 48 percent compared to a year before, the Ministry of Commerce’s report showed on Monday.

The ministry stated that the bicycles had been shipped to more than 50 countries and regions including the European Union, Britain, the United States, Canada, Japan and China.

Cambodia is the top player in the Association of Southeast Asian Nations (ASEAN) in terms of bicycle export, it underlined.

The Kingdom became the largest bicycle supplier for the EU market since 2017, overtaking China’s Taiwan, which had held the number one spot for two decades.

Currently, five bicycle factories are operating in Cambodia, all located in special economic zones in Bavet city of southeastern Svay Rieng province.

Bicycle becomes one of the main non-garment products, whose export has been on significant surge, said H.E. Heng Sokkung, Secretary of State and Spokesperson at the Ministry of Industry, Science, Technology and Innovation.

The increases in bicycle export reflects the diversification in the industry sector, from labour-intensive to skilled labour manufacturing, stressed the spokesperson.

Source: Agency Kampuchea Press