Cambodia's Q1 2024 bicycle exports dropped 43% to $96.9 million due to global economic slowdown.

Cambodia's bicycle exports dropped 43% in Q1 2024, falling from $170 million to $96.9 million in exports compared to the same period in 2023, according to a General Department of Customs and Excise report. The decline is attributed to global economic slowdown and uncertainties leading to decreased purchase orders. Bicycles are one of Cambodia's major manufacturing exports, alongside garments, footwear, and travel goods.