China-Cambodia trade in Jan-Oct 2024 worth $14.4 bn; up 19% YoY

27 Nov '24

1 min read

China-Cambodia trade in Jan-Oct 2024 worth $14.4 bn; up 19% YoY

Pic: Adobe Stock

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China-Cambodia trade in the first ten months this year was worth $14.4 billion—a rise of 19 per cent YoY.
Imports from Cambodia to China grew by 20 per cent YoY and Chinese enterprises signed investment agreements in Cambodia worth nearly $3 billion during the period.
Bilateral trade reached $11 billion in the first three quarters this year—a 22-per cent rise YoY.

China-Cambodia trade in the first ten months this year was worth $14.4 billion—a rise of 19 per cent year on year (YoY). Imports from Cambodia to China grew by 20 per cent YoY during the period, according to the Chinese embassy in Cambodia.

Bilateral trade reached $11 billion in the first three quarters this year—a 22-per cent increase YoY.

Between January and October this year, Chinese enterprises signed investment agreements in Cambodia worth nearly $3 billion, Zhong Jie, economic and trade adviser at the embassy, said. China has been the country’s largest source of foreign direct investment (FDI) for 12 consecutive years, she said.

By the second quarter this year, the total FDI of $23 billion from China accounted for about 47 per cent of the total FDI, with the majority directed towards manufacturing.

“The ‘Diamond Hexagon’ cooperation framework has become more robust, and significant progress has been made in the development of the ‘Industrial Development Corridor’ and the ‘Fish and Rice Corridor,’ bringing tangible benefits to both countries,” she was quoted as saying by a news outlet.

Fibre2Fashion News Desk (DS)

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