PHNOM PENH - The Cambodians were still hoping for better times and more export to cater for the seasonal festivals in the Western countries in the fourth quarter of 2023. But the bicycle warehouses in Europe and North America are still packed and Cambodia's bicycle export value is almost back at the same level as in 2019.
PHNOM PENH, Cambodia - Cambodian bicycle manufacturers are being hit hard by the decline in demand on the global market. The double digit decrease in export value announced earlier this year is only growing bigger.
PHNOM PENH, Cambodia - Cambodia earned $505 million (€505 million) from bicycle exports in the first six months of this year, the country's Ministry of Commerce has announced. This is a 104% increase compared to last year. Besides high demand, a new investment law and influential trade rulings are cited as reasons for the growth.
PHNOM PENH, Cambodia - The export value of Southeast Asia's largest bicycle supplier in January-October increased by 21% year-on-year. Cambodia's Ministry of Commerce reports a total export value of €453 million. Notably, however, the country is losing market sharing in Europe.
PHNOM PENH, Cambodia - The pandemic inevitably had an impact on e-bike and bicycle production in Cambodia in 2020. It has become one of the leading bicycle exporting countries. Last year, the total value of bicycles shipped to overseas market increased by 27% from 2019 to approximately $527 million (€ 439 million).
PHNOM PENH, Cambodia - The latest figures of the country's Ministry of Commerce indicate an increasing number of exported regular bicycles. From January to September this year, Cambodia shipped a total of 1.5 million units. The Ministry of Commerce's report did not reveal the exact export volume to the EU.
PHNOM PENH, Cambodia - Data from Cambodia's customs department indicate that the country exported 1.1 million bicycles to the European Union in the first half of this year. The bicycle exports were valued at €205 million between January and July.
BRUSSELS, Belgium - There's again the threat that Cambodia could lose its duty-free export status on regular bicycles exported to the EU member states. That status is allowing companies operating in the country for a 14 percent import duty edge on countries that do not hold such status.
BRUSSELS, Belgium - Is it a first sign of much more to come? That's the big question when viewing the Eurostat data on the 2017 import of conventional bicycles into the EU 28 member states from countries outside the EU. After years of decline this import is growing again. Is it an indication that demand for regular bikes is rising?
AMSTERDAM, the Netherlands - Despite the depressed market conditions throughout Europe in 2013 Cambodia's export to the EU skyrocketed. The country is ...
