The export of Cambodia’s bicycles skyrocketed 71.32 percent year-on-year to $566.2 million last year, data from the Ministry of Industry, Science, Technology and Innovation showed.
Cambodian bicycle manufacturers supplied bicycles to the local market of $7.9 million in value, a 57 percent increase year-on-year.
Bicycles became one of Cambodia’s main manufacturing products with clothes, footwear, travel goods, electronic components, and agricultural products.
Heng Sokkong, secretary of state of the Ministry of Industry, Science, Technology and Innovation, said that industrial product diversification is being made as demand and orders of non-garment products have been on the rise.
Products such as clothes, footwear, and bags (travel goods) remain Cambodia’s potential products and the country also produces other products such as medical masks and suits for export, he said.
The country is diversifying some technology-based industrial products and the export is also on the high growth, Sokkong said.
“The bicycle manufacturing industry made substantial export, to many countries, particularly to the EU, where our bicycles are popular,” Sokkong said.
The main markets for Kingdom’s bicycles are the US, Germany, UK, Japan, China, Asean countries, Belgium, Holland, Austria, Sweden, Denmark, Australia, Czech, Italy, Columbia, South Korea, Spain, Slovenia, and Canada.
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Author: Chea Vanyuth
Source: Khmer Times
Publication date: 11 February 2022