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Cambodia's trade with RCEP hits $22.92 bn in Jan-Aug; 17.2% YoY growth

23 Sep '24
1 min read
Cambodia's trade with RCEP hits $22.92 bn in Jan-Aug; 17.2% YoY growth
Pic: Adobe Stock

Insights

  • Cambodia's trade volume with members of the Regional Comprehensive Economic Partnership (RCEP) rose to $22.92 billion in January-August 2024—a 17.2-per cent YoY rise, accounting for 62 per cent of the total trade volume.
  • It exported products worth $6.05 billion to fellow RCEP members in the period—a 15-per cent YoY rise.
  • Imports from the bloc were worth $16.87 billion—up by 18 per cent YoY.
Cambodia’s trade volume with member nations of the Regional Comprehensive Economic Partnership (RCEP) rose to $22.92 billion in the first eight months this year—a 17.2-per cent increase compared to $19.55 billion during the same period last year, according to the general department of customs and excise.

The country exported products worth $6.05 billion to fellow RCEP members—a 15-per cent rise year on year (YoY). Imports from RCEP nations were worth $16.87 billion—up by 18 per cent YoY.

Trade with RCEP nations accounted for 62 per cent of the country’s total trade volume.

China, Vietnam, Thailand, Japan and Singapore were the top five RCEP trading partners, according to domestic media reports.

Fibre2Fashion News Desk (DS)

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