PHNOM PENH, Nov 23 (NNN-AKP) – Cambodia exported bicycles worth 502.8 million U.S. dollars, to international markets in the first 10 months of this year, with a year-on-year rise of 47.6 percent, said a Ministry of Commerce report, yesterday.
Ministry of Commerce’s Secretary of State and Spokesperson, Penn Sovicheat, said, the Made-in-Cambodia bicycles had been exported mostly to the European Union (EU), the United Kingdom, the United States, and Canada, among others.
Bicycles have become one of Cambodia’s main manufacturing products, for exporting to international markets, in addition to garments, shoes, travel goods, car tires, and potential agricultural commodities, such as rice, rubber, cashew nuts, yellow bananas, mangoes, and longans, he said.
Thong Mengdavid, a lecturer at the Institute for International Studies and Public Policy of the Royal University of Phnom Penh, said, the increase reflected robust manufacturing momentum and rising global demand.
“Growth is driven by the stable operations of bicycle factories in special economic zones (SEZs) in Bavet City, improved access to regional supply chains, and expanding orders from key markets, particularly the EU market,” he said.
“If this trajectory continues, Cambodia is well-positioned to surpass previous export records and will strengthen its role as a competitive regional hub for bicycle production,” he added.– NNN-AKP
