Cambodia's bicycle exports increase in Q1 2020
By
B2B Cambodia
on
Cambodia exported almost half a million bicycles at a value of about US$119 million in the first quarter of 2020. This represents more than US$10 million over the same period in 2019.
Cambodia’s light manufacturing assembly sector, located primarily but not exclusively in special economic zones, covers principally labour intensive operations which include bicycle manufacturing.
In 2017, Cambodia became the largest bicycle supplier to the European Union (EU). There are a number of bicycle manufacturers in Cambodia, from Taiwan and the USA (Trek Bicycle, Ken International, Atlantic Cycle, Smart Tech, Worldtec Cycles).
Since 2016, the number of Cambodian exported bicycles to the European Union are:
- 1.29 million bicycles in 2016.
- 1.42 million bicycles in 2017.
- 1.52 million bicycles in 2018 (worth US$331 million).