PHNOM PENH, Oct. 11 (Xinhua) -- Cambodia exported bicycles worth 424 million U.S. dollars to foreign markets in the first nine months of 2023, a year-on-year decrease of 42.8 percent, said a report of the Ministry of Commerce on Wednesday.
Ministry of Commerce's Secretary of State and Spokesman Penn Sovicheat said the Made-in-Cambodia bicycles had been shipped to the European Union, the United States, Britain, Canada, Japan and China, among others.
"The decline was due to global economic slowdown and uncertainty, resulting in a drop in purchase orders," he told Xinhua.
Sovicheat said bicycles are one of Cambodia's major manufacturing products for exports after clothes, footwear and travel goods.
There are currently five bicycle factories in the Southeast Asian country, all of which are situated in special economic zones in Svay Rieng Province's Bavet City on the border with Vietnam. ■
