Cambodia will earn more than 851 million USD from the export of jewelry and gems, an increase of 261% In 2023

Phnom Penh: Throughout 2023, Cambodia earned more than $ 851 million from the export of jewelry and gems to the international market, an increase of 261% compared to 2022, which was only about $ 261 million. This statement was made by Ms. Tan Tepi Kanika, Undersecretary of State of the Ministry of Commerce at the Second Press Conference on the 15th Cambodia International Jewelry and Gem Fair 2024 on January 22, 2024. Ms. Tan Tepi Kanika emphasized that the positive momentum of export growth underscores the success of the close, strong, and comprehensive cooperation between the Ministry of Commerce, relevant ministries, institutions, as well as the Royal Government of Cambodia, and the private sector as well as the Cambodian Association of Jewelers and Precious Gems.

It should be noted that the export of Cambodian jewelry and precious stones to international markets has increased steadily, with 2021 Cambodia exporting 149 million dollars, in 2022 Cambodia exports 261 million dollars, an increase of 75%, and by 2023, Cambodia exported $ 851 million, an increase of 261%. As of the first 11 months of 2023, the Ministry of Commerce has issued permits for the import of unprocessed diamonds amounting to 148 million US dollars and the export of processed diamonds, plus the remnants of processing for $ 62 million.