There are currently five bicycle factories in Cambodia, all of them in special economic zones in Svay Rieng Province's Bavet City on the border with Vietnam. - Phnom Penh Post/ANN
PHNOM PENH: Cambodia exported bicycles worth US$416.7 million in 2023, a decrease of 53.6 per cent from 899.7 million dollars in a year earlier, said a General Department of Customs and Excise's report on Monday (Jan 15).
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 South-East Asian country, all of them are located in special economic zones in Svay Rieng Province's Bavet City on the border with Vietnam. - Xinhua
