PHNOM PENH, Dec. 24 (Xinhua) -- Cambodia's bicycle export went down nearly 20 percent year-on-year in the first 11 months of 2024, said a Ministry of Commerce report on Tuesday.
The Southeast Asian country exported bicycles, including electric bicycles, worth 375.7 million U.S. dollars during the January-November period this year, a decrease of 19.7 percent from 468 million dollars over the same period last year.
The Ministry of Commerce's Secretary of State and Spokesperson Penn Sovicheat said the made-in-Cambodia bicycles had been sold mostly to European countries, the United States, and Canada, among others.
"The decline was due to global economic slowdown and uncertainties that had resulted in a plunge in purchase orders," he told Xinhua.
Sovicheat said bicycles were one of Cambodia's major manufacturing products for exports after garments, footwears, travel goods, and car tires as well as potential agricultural produce such as rice, rubber, cashew nuts, yellow bananas, mangoes, and longans.
There are currently five bicycle factories in the kingdom, and all of them are located in special economic zones in Svay Rieng Province's Bavet City on the border with Vietnam. ■
