Illustrative image (Photo: internet) Phnom Penh (VNA) – Cambodia’s export of locally-assembled bicycles has increased in the context that bicycle industries around the world rust during the ongoing COVID-19 pandemic.
Local channel BTV News reported that Cambodia exported some 498,000 bicycles worth about 119 million USD in the first quarter of this year, 10 million USD higher than that of the same period last year.
Cambodia Chamber of Commerce vice-president Lim Heng said exports of locally-assembled bicycles can only gain traction as traffic and health concerns force people to reconsider their primary means of transportation.
Bicycle exports are expected to continue to increase in the second quarter when local people still avoid public transportation and need to use bicycles to exercise, said Heng.
He highlighted that now is the opportunity to invest in bicycle assembly in Cambodia for export.
According to the Royal Academy of Cambodia's economic researcher Hong Vanak, although some orders were cancelled in the first three months of this year because of the pandemic, Cambodia’s bicycle export is still a bright spot, making an important contribution to the national economic development.
A report of the World Bank shows that Cambodia exported a total of 1.52 million bikes to the European market in 2018, raking in 331 million USD./.
VNA
