Cambodia's trade with RCEP members up 14.6% in Q1 2024

14 Apr '24

1 min read

Pic: Adobe Stock

Insights

Cambodia's trade with member countries of the Regional Comprehensive Economic Partnership (RCEP) was worth $8.36 billion in Q1 2024—up by 14.6 per cent YoY.
The nation's goods exports to the RCEP countries were worth $2.69 billion in Q1—up by 25.7 per cent YoY.
Its imports from RCEP members were worth $5.66 billion during the quarter—up by 10 per cent YoY.

Cambodia’s trade with member countries of the Regional Comprehensive Economic Partnership (RCEP) was worth $8.36 billion in the first quarter (Q1) this year—up by 14.6 per cent YoY, according to the commerce ministry.

The figure was 65.8 per cent of its $12.7 billion total trade volume during the January-March period this year, a report by the ministry said.

The nation’s goods exports to the RCEP countries were worth $2.69 billion in Q1 2024—up by 25.7 per cent year on year (YoY). Its imports from RCEP members were worth $5.66 billion during the quarter—up by 10 per cent YoY.

Its top five trading partners under the pact are China, Vietnam, Thailand, Japan and Singapore, a global newswire reported.

The ministry feels despite rising protectionism and weakening global demand, RCEP has boosted regional trade and investment cooperation, bringing tremendous benefits to all the member countries.

Fibre2Fashion News Desk (DS)

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