Cambodia’s bicycle exports soar over 71 percent last year
Cambodia’s bicycle exports surged 71.32 percent year-on-year to 566.2 million USD in 2021, according the Ministry of Industry, Science, Technology and Innovation.
Cambodia exported 566.2 million USD worth of bicycles in 2021 (Source: khmertimeskh.com)
Phnom Penh (VNA) - Cambodia’s bicycle exports surged 71.32 percentyear-on-year to 566.2 million USD in 2021, according the Ministry ofIndustry, Science, Technology and Innovation.
Bicycles became one of Cambodia’smain manufacturing products, apart from clothes, footwear, travel goods,electronic components, and agricultural products.
Cambodian manufacturers also supplied7.9 million USD worth of bicycles to the local market, a year-on-year increaseof 57 percent, Khmer Times reported.
The main markets for Cambodian bicycles include the US, Germany, the UK,Japan, China, and ASEAN countries.
As of November 2021,Cambodia’s total exports (excluding gold) reached 15.6 billion USD, up 22.6percent from a year earlier, data from the Ministry of Economy and Finance showed./.
Cambodia exported 7.98 million tonnes of agricultural products in 2021, up 63.8 percent year-on-year, raking in nearly 5 billion USD, according to Minister of Agriculture, Forestry and Fisheries Veng Sakhon.
Cambodia’s economic growth in 2021 is projected to reach around 3 percent thanks to the strong export of agricultural and industrial products, especially the country’s reopening post COVID-19.
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Cambodia exported 566.2 million USD worth of bicycles in 2021 (Source: khmertimeskh.com)
