Cambodia’s Exports Jump 15 Percent In First 4 Months

Phnom Penh, May 10, 2024 --

Cambodia exported a total of US$8,005 million worth of goods in the first four months of this year, up 15.2 percent from US$7,606 million recorded in the same period last year, showed the data from the General Department of Customs and Excise on Friday.

The Kingdom’s imports rose by 9.3 percent to US$8,664 million, read the report.

According to the same source, the bilateral trade between Cambodia and its trade partners was amounted to US$16,670 million during the January-April period, a 12.1 percent year-on-year increase.

The U.S. was the biggest market for Cambodia’s exports with a total of US$2,617 million, followed by Vietnam and China with US$1,713 million and US$486 million, respectively.

H.E. Penn Sovicheat, Secretary of State and Spokesperson of the Ministry of Commerce, said that the implementation of the Cambodia-China Free Trade Agreement and the Regional Comprehensive Economic Partnership (RCEP) added momentum to the country’s export growth.

“Despite the war crisis and weakening of the purchasing power, Cambodian orders remained high, with the volume of orders remaining unchanged, although there was a decline in some items, but an increase on other items,” he said.

The markets in the RCEP members are huge for Cambodia’s products, underlined the spokesperson.