Cambodia’s bicycles remain export hit

Cambodia’s bicycle industry is on a good trajectory even though economic activities in the country have taken a hit from the ongoing Covid-19 pandemic.

The country exported almost half a million bicycles worth about $119 million in the first quarter of this year, more than $10 million over the same period last year, local media cited Cambodia’s chamber of commerce vice-president Lim Heng as saying.

He said that exports of locally assembled bicycles gained traction as traffic and health concerns force people worldwide to reconsider their primary means of transportation.

“Bicycle exports will continue to increase in the second quarter, buoyed by a heightened aversion to public transport. Cycling as a workout option is also not likely to decline anytime soon,” Heng noted, highlighting that now was “the opportunity to invest in bicycle assembly in Cambodia for export.”

EU most important export market

A report of the World Bank shows that Cambodia exported a total of 1.52 million bikes to the European market in 2018 under a duty-free regulation, raking in $331 million, making the union the most important bicycle export market for Cambodia, and overall, making bicycles the third-most important export product of Cambodia to the EU after garment and footwear.

Bicycles need to comprise of a minimum of 40 per cent local components to qualify for duty-free status in the EU, although components sourced from other ASEAN nations can also count as local materials in certain cases.

Netherlands-based bicycle industry specialist website Bike Europe reported that Cambodia has been the leading supplier of bicycles to the EU since 2017, overtaking Taiwan, which held the position for over two decades.



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Cambodia’s bicycle industry is on a good trajectory even though economic activities in the country have taken a hit from the ongoing Covid-19 pandemic. The country exported almost half a million bicycles worth about $119 million in the first quarter of this year, more than $10 million over the same period last year, local media cited Cambodia’s chamber of commerce vice-president Lim Heng as saying. He said that exports of locally assembled bicycles gained traction as traffic and health concerns force people worldwide to reconsider their primary means of transportation. “Bicycle exports will continue to increase in the second quarter,...

Cambodia’s bicycle industry is on a good trajectory even though economic activities in the country have taken a hit from the ongoing Covid-19 pandemic.

The country exported almost half a million bicycles worth about $119 million in the first quarter of this year, more than $10 million over the same period last year, local media cited Cambodia’s chamber of commerce vice-president Lim Heng as saying.

He said that exports of locally assembled bicycles gained traction as traffic and health concerns force people worldwide to reconsider their primary means of transportation.

“Bicycle exports will continue to increase in the second quarter, buoyed by a heightened aversion to public transport. Cycling as a workout option is also not likely to decline anytime soon,” Heng noted, highlighting that now was “the opportunity to invest in bicycle assembly in Cambodia for export.”

EU most important export market

A report of the World Bank shows that Cambodia exported a total of 1.52 million bikes to the European market in 2018 under a duty-free regulation, raking in $331 million, making the union the most important bicycle export market for Cambodia, and overall, making bicycles the third-most important export product of Cambodia to the EU after garment and footwear.

Bicycles need to comprise of a minimum of 40 per cent local components to qualify for duty-free status in the EU, although components sourced from other ASEAN nations can also count as local materials in certain cases.

Netherlands-based bicycle industry specialist website Bike Europe reported that Cambodia has been the leading supplier of bicycles to the EU since 2017, overtaking Taiwan, which held the position for over two decades.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Personal Info

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