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It exported goods worth $10.18 billion during the period—a YoY increase of 10.8 per cent, while it imported goods worth $11.4 billion—a 13.6-per cent YoY increase, said a report document by the ministry.
China, Vietnam and the United States were Cambodia’s biggest partners during the period, with a trade value of $5.99 billion, $3.55 billion and $3.52 billion respectively.
The United States was the biggest market for Cambodia’s exports with a value of $3.42 billion during the period—33.68 per cent of the country’s total exports. Vietnam ranked second with imports from Cambodia reaching $1.88 billion.
The country’s trade with the member countries of the Regional Comprehensive Economic Partnership (RCEP) rose to $14.17 billion during the period—up by 14.2 per cent YoY. Such trade accounted for 65.6 per cent of its total trade volume during the period.
It exported products worth $3.97 billion to RCEP countries during the period—up by 12.4 per cent YoY, and imported goods worth $10.2 billion from such countries—up by 14.9 per cent YoY, domestic media outlets reported citing the ministry document.
China, Vietnam, Thailand, Japan and Singapore are Cambodia’s top five trading partners under the RCEP.
Cambodia’s free trade agreement with China and South Korea and the RCEP have contributed to the rise in trade, the ministry noted.
Fibre2Fashion News Desk (DS)
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