Cambodia sees Q1 surge in bicycle exports to meet increased demand

With coronavirus having a positive knock-on effect for cycling and bicycle purchases, Cambodia has also seen an upsurge in bicycle exports in the beginning of this year. According to Cambodia’s Chamber of Commerce, “the country exported almost half a million bicycles to the EU, worth about 109 million euro in the first quarter of the year, which is over 9 million euro more than the same period last year.”

Currently, Cambodia is by far the biggest exporter of bikes to the European Union 28 member states. The country’s duty-free export status to the EU has allowed it to take top position. Despite the uncertainties regarding the future of this export status, industry experts suggest that the coronavirus outbreak will continue to have a positive effect on the country’s bicycle production.

“Bicycle exports will continue to increase in the second quarter, buoyed by a heightened aversion to public transport. Cycling as a workout option is also not likely to decline anytime soon,” Lim Heng, Cambodia Chamber of Commerce vice-president told The Phnom Penh Post.

In full: https://www.bike-eu.com/sales-trends/nieuws/2020/05/cambodia-sees-q1-surge-in-bicycle-exports-to-meet-increased-demand-10137916

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