Cambodia Exports Bicycles Worth Nearly 417 mln USD Last Year
The photo shows bicycle selling in a bike shop in Phnom Penh. Photo: Sao Phal Niseiy.
- By Xinhua News Agency
- January 16, 2024 11:00 AM
PHNOM PENH -- Cambodia exported bicycles worth 416.7 million U.S. dollars in 2023, a decrease of 53.6 percent from 899.7 million dollars in a year earlier, said a General Department of Customs and Excise's report on Monday.
Ministry of Commerce's Secretary of State and Spokesperson Penn Sovicheat said the made-in-Cambodia bicycles had been shipped to the European Union, the United States, Britain, Canada, Japan, and China, among others.
"The decline was due to global economic slowdown and uncertainties that had resulted in a plunge in purchase orders," he told Xinhua.
Sovicheat said bicycles are one of Cambodia's major manufacturing products for exports after garments, textiles, footwears, and travel goods.
There are currently five bicycle factories in the Southeast Asian country, all of them are located in special economic zones in Svay Rieng Province's Bavet City on the border with Vietnam.
