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Cambodia’s International Trade Surges to US $37 Billion from January-August

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PHNOM PENH: On Monday, 12 September, the General Department of Customs and Excise (GDCE) released a report that shows Cambodia’s total international trade rose by 21.5% to US $37.4 billion in the first eight months of 2022.

Cambodia exported US $15.61 billion worth of goods, from January to August 2022, up 26.3% compared to the same period last year, the report said, adding that the country’s import amounted to US $21.76 billion, a year-on-year increase of 18.3%.

In exports, the United States still remains the biggest market for Cambodia’s products. Exports to the United States amount to approximately US $6.4 billion, a year-on-year increase by 37%, accounting for 41% of total exports. China, however, still remains Cambodia's biggest trading partner, followed by the United States, Vietnam, Thailand and Singapore.

Vietnam and China's export value are at US $1.46 billion and US $804 million respectively, according to the report.

Cambodia’s exports have significantly increased due to the successful Covid-19 measures implemented by the Royal Government, leading to the resumption of all kinds of economic activities, said the Vice President of the Cambodia Chamber of Commerce, Lim Heng.

“The government has controlled the Covid-19 situation, reopened borders to tourists, and resumed socio-economic activities, which has maintained production chains in factories,” he added.

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