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