Bicycle Exports Brought In Almost $250M in S1
In the first half of this year, Cambodia exported US$247.5 million worth of bicycles to international markets, down 4.2 percent from the same period last year.
According to data from the Ministry of Commerce, 1,259,310 bicycles were exported from January to June, up 1.8 percent from the 1,236,552 units shipped in the first semester of last year.
The major markets for Cambodia’s bicycles were the U.S., UK, EU, Canada, ASEAN countries, Japan, China, and South Korea.
Cambodia sold 452,171 bicycles worth more than US$77 million to the United States and 125,879 bicycles worth more than US$25 million to the United Kingdom.
The EU market ranked third, followed by Canada, Japan and China.
The ministry stated that the bicycles are assembled only in special economic zones located in Svay Rieng province, at the border with Vietnam.
Last year, Cambodia exported approximately US$527 million worth of bicycles to international markets, up 27 percent from 2019.