Logo of Phnom Penh Post newspaper Phnom Penh Post - Covid-19 no speed bump for January-April bicycle exports

Covid-19 no speed bump for January-April bicycle exports

Content image - Phnom Penh Post
A bicycle parking lot near the Delft railway station in the city of Delft, South Holland, the Netherlands. The Covid-19 pandemic has accelerated the shift to pedal power in Europe and the US, driving up demand for imports from countries such as Cambodia. GETTY IMAGES/AFP

Covid-19 no speed bump for January-April bicycle exports

Cambodia exported $199,041,709 worth of bicycles and parts in the first four months of this year, representing an increase of 32.38 per cent year-on-year, according to Ministry of Commerce statistics.

Of that, bicycle sales clocked in at $198,668,163, up by 32.28 per cent year-on-year, and shipments of bicycle parts were to the tune of $373,545.98, up by 113.44 per cent.

The increase indicates that bicycle exports are still able to ride over the speed bumps put in place by the Covid-19 pandemic that continue to plague the Kingdom and much of the rest of the world.

Ministry spokesman Seang Thay said the US, UK, Europe and Canada topped the list of buyers of Cambodian-assembled bicycles, followed by Japan, China, South Korea and ASEAN countries.

He said the January-April exports of bicycles and parts exceeded those of the corresponding period of 2020 by more than $48.67 million.

“There were three main factors driving Cambodia’s exports to continue growing earlier this year. First, Cambodian Minister of Commerce [Pan Sorasak] called on buyers to continue ordering goods from Cambodia.

“Second, we’ve developed buyer confidence. And third, Cambodia is one of the largest exporters of bicycles, with a wide market,” he said.

According to Thay, Cambodia has six bicycle factories – all based in special economic zones of the southeastern province of Svay Rieng.

Hong Vanak, director of International Economics at the Royal Academy of Cambodia, told The Post that tariff preferences for bicycle parts under the EU’s ‘Everything But Arms’ scheme and the US’ Generalised System of Preferences were key drivers of the remarkable rise in bicycle exports logged in January-April.

He said that maintaining a brand with a strong quality reputation for made-in-Cambodia bicycles has built up confidence among buyers, and further fuelled export growth.

“On the other hand, bicycles are often associated with the environment and health. With Covid-19 looming over us, most people want to ride sports bikes, so demand for bicycles in the US and Europe remains strong. This and the course of good bilateral cooperation between Cambodia and the EU has contributed to the growth of bicycle exports,” Vanak said.

Last year, the Kingdom exported $527.08 million worth of bicycles, marking a 27.78 per cent year-on-year surge, and imported $8.38 million from Japan, China, Taiwan, Vietnam, the US and Thailand, down by 19.33 per cent year-on-year, according to the ministry.

While no figures were available for the number of bicycles exported in 2020, online trade publication Bike Europe reported that the Kingdom shipped out more than 1.42 million bicycles in 2017, up by nine per cent from 1.26 million in the previous year.

According to Bike Europe, Cambodia has become the leading supplier of bicycles to the EU since 2017, overtaking Taiwan, which held the position for more than two decades.


  • Hong Kong firm done buying Coke Cambodia

    Swire Coca-Cola Ltd, a wholly-owned subsidiary of Hong Kong-listed Swire Pacific Ltd, on November 25 announced that it had completed the acquisition of The Coca-Cola Co’s bottling business in Cambodia, as part of its ambitions to expand into the Southeast Asian market. Swire Coca-Cola affirmed

  • Moody’s sets outlook rating to ‘negative’ for Cambodia

    US global rating agency Moody’s Investors Service Inc on November 15 announced that it downgraded Cambodia’s outlook from “stable” to “negative” and maintained its B2 local and foreign currency issuer ratings. “The negative outlook reflects a deteriorating external position as illustrated by the severe

  • Korean first lady paves way for ill boy’s surgery

    A 14-year-old boy with congenital heart disease who was lucky enough to meet with South Korean first lady Kim Keon-hee may get the chance of a lifetime and receive surgery and treatment at Asan Medical Center in Seoul, South Korea. After seeing his plight, many

  • NagaWorld union leader arrested at airport after Australia trip

    Chhim Sithar, head of the Labour Rights Supported Union of Khmer Employees at NagaWorld integrated casino resort, was arrested on November 26 at Phnom Penh International Airport and placed in pre-trial detention after returning from a 12-day trip to Australia. Phnom Penh Municipal Court Investigating Judge

  • Hun Sen’s Covid infection caused by ‘weakened antibody’ after summit

    Prime Minister Hun Sen said exhaustion from heavy workload before and during the recent ASEAN Summit may have led to him contracting Covid-19 due to his weakened immune system, while rejecting speculations that the infection was caused by leaders of some countries who did not

  • Kingdom’s rice crowned world’s No1

    Cambodia’s Phka Rumduol jasmine variety has been crowned the World’s Best Rice for the fifth time at the TRT (The Rice Trader) World Rice Conference in Phuket, Thailand on November 17, according to leaders of the Kingdom’s apex rice industry body. Phka Rumduol