According to the statistics from the General Department of Customs, Ministry of Economy and Finance of Cambodia, released today (13/02), the total export turnover of the country in January 2024 reached 1.97 billion USD, an increase of 27% compared to the same period last year. In particular, the amount of goods Cambodia exported to Vietnam surged to over 373 million USD (an increase of 116.6% compared to the same period last year).
Currently, Vietnam ranks 2nd, after the United States and ahead of China, Japan, Thailand, … in the ranking of Cambodia’s largest export markets. In January 2024, the total import-export turnover of Cambodia reached over 4 billion USD, an increase of 16.9% compared to the same period in 2023.
Illustrative photo – KT
According to Mr. Lim Heng, Vice Chairman of the Cambodia Chamber of Commerce, the global economy is gradually recovering and domestic production capacity is increasing, which has promoted trade exchanges between Cambodia and partner countries. Mr. Lim Heng believes that the surge in export turnover is due to two main factors: First, the domestic production capacity is increasing; second, Cambodia has a large export market due to enjoying tariff preferences with some partners; as well as bilateral and multilateral trade agreements that Cambodia has signed and started to take effect.
Vice Chairman of the Cambodia Chamber of Commerce, Lim Heng, expressed his confidence that the country’s export trade turnover will continue to increase in 2024, thanks to diverse, high-quality and competitively priced export items. Currently, in addition to textiles and garments, Cambodia is also an exporter of agricultural products, electronic components, electronics and many essential goods.
