Cambodia’s bicycle export down 43% in Q1 ...Middle East

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Cambodia’s bicycle export down 43% in Q1
PHNOM PENH: Cambodia’s bicycle export fell 43 per cent year on year in the first quarter of 2024, said a General Department of Customs and Excise’s report on Tuesday.The Southeast Asian country exported bicycles, including electric bicycles, worth US$96.9 million during the January-March period this year, a decrease of 43 per cent from US$170 million over the same period 2023.Ministry of Commerce’s Secretary of State and spokesperson Penn Sovicheat said the made-in-Cambodia bicycles had been shipped mainly to European countries, the United States, Britain and Canada, among others.“The drop was due to global economic slowdown and uncertainties that had resulted in a plunge in purchase orders,

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