Bicycle exports nearly $514M

Bicycle exports nearly $514M


Cambodia exported nearly $514 million worth of bicycles in the first 10 months of 2021, a 21 per cent year-on-year surge, the Ministry of Commerce reported.

The biggest buyers of Cambodian bicycles were the US, UK, Europe, Canada, ASEAN, Japan, China and South Korea, it said.

Although the Kingdom is ASEAN’s largest exporter of bicycles, it also imports units of many well-known brands, it added.

Ministry spokesman Pen Sovicheat indicated that Covid-19 had little negative side effects on bicycle exports, and that the rise in orders for Cambodian-assembled units comes on the back of the growing popularity of cycling in a more health-conscious era.

He told The Post that Cambodia has become a more established bike maker and supplier on the European market, and is known to deliver internationally competitive quality products at more affordable rates, with prominent brands such as Giant even more highly regarded.

“Although the bicycles are all assembled by well-known brands, they’ll always bear a label that says ‘Made in Cambodia’, a source of pride for a country with the conviction to churn out high-quality goods, such as these,” Sovicheat said.

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Author: Hom Phanet

Source: The Phnom Penh Post

Publication date: 29 December 2021