Logo of Phnom Penh Post newspaper Phnom Penh Post - Bicycle exports climbing in response to international demand

Bicycle exports climbing in response to international demand

Content image - Phnom Penh Post
This year’s total bicycle exports is on track to outstrip the $412.5 million exported in 2019. POST STAFF

Bicycle exports climbing in response to international demand

Cambodian bicycle exports totalled $241.7 million during the first half of 2020, according to data from the General Department of Customs and Excise of Cambodia.

At that rate, this year’s total bicycle exports could surpass the $412.5 million exported in 2019. In 2018, bicycle exports totalled $331 million.

More than half of the 1.1 million bicycles exported during the first half of 2020 were sent to the EU. Other destinations for the bicycles included the US, Britain and Japan, according to data obtained by The Post.

Cambodia imported 192,397 bicycles totalling $4.34 million during the same period, Customs data showed.

According to a National Bank of Cambodia (NBC) report, in the first half of 2020, Cambodia’s total equalled over $7.01 billion, an increase of nearly three per cent compared to the same period last year. Bicycle exports increased by 18 per cent.

Hong Vanak, a researcher at the Royal Academy of Cambodia, told The Post on Monday that while Covid-19 affected Cambodia’s export-oriented manufacturing sectors, the bicycle export market did not decline.

However, the growth of bicycle exports would not be able to contribute much to sustaining national economic growth, he said.

He said the market could reach saturation and Cambodia would be well advised to diversify and increase agricultural exports to ensure the long-term health of the export sector.

Lim Heng, vice-president of the Cambodian Chamber of Commerce, recently told The Post that in the age of social distancing and a renewed focus on health, cycling has seen a surge in demand.

He said favourable investment laws and an abundance of young workers will make bicycle assembly plants in Cambodia an attractive investment.

“The [upward] trend of bicycle exports is a very positive sign this year compared to last year,” he said.

According to Heng, most bicycle assembly plants in Cambodia are owned by Taiwanese investors and located within the Bavet Special Economic Zone in Bavet town, Svay Rieng province.

MOST VIEWED

  • Second Hungary business forum set for H2

    Cambodia has asked Hungary to provide GSP- (Generalised System of Preferences) Plus facilities for when the Kingdom sheds its least-developed country (LDC) label, as the two countries prepare to hold a second business forum in the second half (H2) of this year to expand trade

  • Thai boxers to join SEA Games’ Kun Khmer event

    The Cambodian SEA Games Organising Committee (CAMSOC) – together with the Kun Khmer International Federation (KKIF) and Khmer Boxing Federation – have achieved a “great success” by including Kun Khmer in the upcoming biennial multi-sports event on its home soil for the first time, said a senior

  • Bullets to bracelets: Siem Reap man makes waste from war wearable

    Jewellery is often made from valuable gemstones like emeralds or diamonds and precious metals like gold or silver, or valueless things like animal horns. But a man in Siem Reap has approached the manufacture of delicate pieces from a different angle. His unique form of

  • Nearly 50 states join Kun Khmer Federation, all set for training

    In a little over a week, the Kun Khmer International Federation (KKIF) has accepted membership requests from 20 new nations, in addition to the exiting 29. The sudden influx of international recognition stems from the Kingdom’s successful introduction of Kun Khmer to the 32nd Souheast Asian (

  • 61% of 2022 imports came from just 3 markets

    The three largest exporters to Cambodia – mainland China, Vietnam and Thailand – accounted for 60.94 per cent of the Kingdom’s total merchandise imports last year, at $18.245 billion, which was up 11.99 per cent over 2021, according to the General Department of Customs and Excise. Cambodia’s total imports

  • CPP sets out five primary strategic goals for 2023-28

    The Cambodian People’s Party (CPP) on January 29 concluded its two-day extraordinary congress, setting the party’s priority goals for 2023-2028. The ruling party’s congress was attended by more than 3,000 members from across the Kingdom, including the members of the permanent and central committees,