Logo of Phnom Penh Post newspaper Phnom Penh Post - Kingdom revs up pedal power

Kingdom revs up pedal power

Content image - Phnom Penh Post
Bicycles for sale are displayed at a store in central Phnom Penh. Post Staff

Kingdom revs up pedal power

As the ongoing Covid-19 pandemic spurs renewed interest in cycling and changes the public’s attitude towards bicycles, the local industry stands to rev up its pedal power and reap huge gains from heightened global demand.

Data from the Ministry of Economy and Finance’s General Department of Customs and Excise show that 876,612 locally-assembled bicycles worth $197 million pedalled into the international market in the first five months of the year.

This was up 26 per cent on a yearly basis, with European markets accounting for 60 per cent.

The Kingdom exported 495,341 bicycles worth $119 million to European markets and 223,912 bicycles worth $44 million to the US market.

It also exported 338 bicycles worth $94,137 to the Japanese market and 31,419 bicycles worth more than $8 million to other markets.

Cambodia Chamber of Commerce vice-president Lim Heng said favourable investment laws and a young workforce has gradually enhanced the attractiveness of the Kingdom to the growing number of investors wanting to establish bicycle assembly plants.

He said the spread of the Covid-19 disease had had a hand in boosting the Kingdom’s bicycle exports during the period.

“The adoption of social distancing rules and reduced use of public transportation to prevent Covid-19 infections were key factors in the increased demand for bicycles,” he said.

Heng said the majority of the Kingdom’s bicycle assembly plants are Taiwanese-owned and are located in the Tai Seng Bavet Special Economic Zone in Bavet town’s Bavet commune in Svay Rieng province.

Cambodia exported $418 million worth of bicycles last year, up 26.28 per cent from 2018’s $331 million.

Heng said the Kingdom’s bicycle exports will maintain a healthy growth pace as developed countries encourage and facilitate switching from cars to bicycles.

“This trend in bicycle exports augurs well for boosted figures that outstrip last year’s levels,” he said.

MOST VIEWED

  • Would you like fries with that? US burger chain makes Phnom Penh debut

    California-based The Habit Burger Grill restaurant chain is all set to serve up a delicious array of charbroiled burgers and sides at its newest international location in the centre of Phnom Penh. The Habit is “renowned for its award-winning Charburgers grilled over an open flame,

  • Banteay Meanchey flood victims receive aid

    Prime Minister Hun Sen on Wednesday provided aid to more than 10,000 families affected by flooding in Banteay Meanchey province’s Mongkol Borei district and offered his condolences to the 18 victims who drowned in the province over the past week. He said flooding had occured in

  • PM urges caution as Polish man tests positive for Covid

    The Ministry of Health on Wednesday reported that a 47-year-old Polish man tested positive for Covid-19 after arriving in Cambodia on Monday. There are a total of six Covid-19 patients currently in the country, all of whom are being treated at the Khmer-Soviet Friendship Hospital

  • Banteay Meanchey floods kill one more as death toll reaches 15

    As floodwaters start to recede in Pursat, Battambang and Pailin provinces and Phnom Penh, Banteay Meanchey continues to bear the brunt as one more person was killed on Monday, bringing the total number of flood-related deaths to 15 in the province this month. Banteay Meanchey provincial

  • Serving coffee with a side of robots

    The eye-catching glass building surrounded by greenery at the intersection of Streets 371 and 2002 in Phnom Penh’s Sen Sok district is more than just another coffee shop where you can while away a few hours. UrHobby House cafe is filled with robots and characters from

  • Phnom Penh underpass opens to ease traffic

    Prime Minister Hun Sen has announced a temporary opening of the 488m underpass at the Chaom Chao roundabout in Phnom Penh’s Por Sen Chey district, which was recently completed to connect traffic from National Road 4 to Russian Federation Blvd. The move is to reduce