Economy and commerce
Trade
Amid global price increases, rubber exports drop as domestic demand rises
Cambodia earned over $671 million from rubber latex and rubber tree exports in 2024, marking a jump of over 36 per cent compared to 2023. The price of rubber also saw a major increase. ...
Phnom Penh SEZ sees 20% rise in export value for ‘24
Thanks to the resurgence of global economic growth, the value of exports from the more than 100 factories/enterprises in the Royal Group Phnom Penh Special Economic Zone (RGPPSEZ) was expected to reach nearly $1.9 billion in 2024, marking an increase of nearly 20% over the ...
Hin Pisei
https://www.phnompenhpost.com/business/phnom-penh-sez-sees-20-rise-in-export-value-for-24
Cambodia’s exports to US touch nearly $10 billion
Cambodia’s exports to the United States surged to nearly $10 billion from January to December 2024, up 11 percent compared to the previous year, according to a recent report from General Department of Customs and Excise of Cambodia. ...
Sum Manet
https://www.khmertimeskh.com/501623274/cambodias-exports-to-us-touch-nearly-10-billion/
Steel imports surge 70% on construction boom
Cambodia’s steel imports jumped almost 70 percent last year, driven by one of the fastest-growing construction sectors in Southeast Asia. ...
Terry Friel
https://www.khmertimeskh.com/501623250/steel-imports-surge-70-on-construction-boom/
Cambodia’s exports up 15.7% to $26 billion in 2024, GDCE says
Cambodia exported goods worth approximately $26.19 billion last year, up 15.7 percent from $22.64 billion in 2023, a report from the General Department of Customs and Excise of Cambodia (GDCE) showed last Friday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501622624/cambodias-exports-up-15-7-to-26-billion-in-2024-gdce-says/
Kingdom’s GFT exports hit record-high $13.74 billion
Cambodia’s exports of garments, footwear and travel goods (GFT) earned the country a record $13.74 billion in 2024, an increase of 23.78 percent compared to the same period last year, the latest trade data of the General Department of Customs and Excise (GDCE) showed. ...
Manoj Mathew
https://www.khmertimeskh.com/501622618/kingdoms-gft-exports-hit-record-high-13-74-billion/
Cambodia exports 11.6M tonnes of agri products, earns $4.8B
Cambodia has produced a total volume of 39 million tonnes of crop production nationwide in 2024, up 7.4 percent from 36.3 million tonnes in 2023, a report from the Ministry of Agriculture, Forestry, and Fisheries showed on Monday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501623238/cambodia-exports-11-6m-tonnes-of-agri-products-earns-4-8b/
Cambodia will host World Rice Conference this year
Cambodia will host the World Rice Conference in 2025, following the country’s fragrant rice Malys Angkor winning the World’s Best Rice title last year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501621626/cambodia-will-host-world-rice-conference-this-year/
Cambodia-Korea trade reaches $762 mil in 2024, 11.49% growth
The bilateral trade volume between Cambodia and South Korea reached $762 million by the end of last year, reflecting an 11.49% increase compared to the previous year. Cambodian exports accounted for $288 million of this total, rising by 13.77%, according to the Ministry of Commerce. ...
Khmer Times Staff
https://www.khmertimeskh.com/501618608/cambodia-korea-trade-reaches-762-mil-in-2024-11-49-growth/
Trade with Japan, Canada sees growth in 2024
The G7 nations of Japan and Canada are on track to be Cambodia’s fifth and sixth largest trading partners respectively in 2024, according to recent data released by the General Department of Customs and Excise (GDCE). The exchanges between the two countries and the Kingdom ...
James Whitehead
https://www.khmertimeskh.com/501618265/trade-with-japan-canada-sees-growth-in-2024/
Cashew nut exports surge to 850,000 tonnes in 2024
Despite strong export growth and a $1.15 billion revenue increase, Vietnam remains the largest market for exporting raw cashew nuts; this is due to challenges in domestic processing and infrastructure, particularly drying fields, that can hinder Cambodia’s potential to become a global leader in the ...
Prey Veng earns $836 million from rice exports to Vietnam
As of mid-December, Prey Veng rice exports to Vietnam reached 2.94 million tonnes worth over $836.67 million, reported the Ministry of Agriculture, Forestry and Fisheries (MAFF) on Monday. ...
Nhean Chamrong
https://www.khmertimeskh.com/501614758/prey-veng-earns-836-million-from-rice-exports-to-vietnam/
Cambodia’s exports to RCEP countries up 14 percent
The Kingdom exported $8,255 million worth of goods to the Regional Comprehensive Economic Partnership (RCEP) countries in the first 11 months of this year, up 14.35 percent from $7,219 million in the same period last year, said a report released by the Ministry of Commerce. ...
Chea Vanyuth
https://www.khmertimeskh.com/501614108/cambodias-exports-to-rcep-countries-up-14-percent/
Preah Vihear earns $170M from three potential crops
Rice, cassava, and cashew nuts in Preah Vihear province generated over $170 million revenue in 2024, said the provincial director of the Department of Agriculture on Saturday. ...
Mom Kunthea
https://www.khmertimeskh.com/501613480/preah-vihear-earns-170m-from-three-potential-crops/
Cambodia-Korea trade reaches $762M in 2024
Bilateral trade volume between Cambodia and South Korea reached $762 million in 2024, an increase of 11.49 percent compared to the previous year, according to a report from the Ministry of Commerce (MoC), released yesterday. ...
Sum Manet
https://www.khmertimeskh.com/501611221/cambodia-korea-trade-reaches-762m-in-2024/
Cambodian, Thai FMs pledge to strengthen strategic partnership
Prak Sokhonn, Minister of Foreign Affairs and International Cooperation, and Maris Sangiampongsa, Thailand’s Minister of Foreign Affairs, have agreed to collaborate in advancing their strategic partnership. ...
Cambodia, Korea strengthen trade, investment ties
The Ministry of Commerce (MoC) and the Ministry of Trade, Industry and Energy of the Republic of Korea (MOTIE) Saturday jointly organised a business event to strengthen bilateral relations by fostering strategic trade partnerships and enhancing the Kingdom’s investment potential. ...
Nhean Chamrong
https://www.khmertimeskh.com/501609144/cambodia-korea-strengthen-trade-investment-ties/
Kingdom’s trade with Vietnam crosses $7 billion
Trade between Cambodia and Vietnam reached $7.08 billion in the January to November period of the year, a rise of 20.6 percent, even as the neighbouring country consolidated its position as the second-biggest export market of the Kingdom, next only to the United States. ...
Manoj Mathew
https://www.khmertimeskh.com/501609150/kingdoms-trade-with-vietnam-crosses-7-billion/
Cambodia’s trade with RCEP countries amounts to $31.36 bln in 11 months
Cambodian Minister of Commerce Cham Nimul said on Friday that the country’s trade with Regional Comprehensive Economic Partnership (RCEP) countries hit $31.36 billion during the January-November period of 2024. ...
Khmer Times Staff
https://www.khmertimeskh.com/501608054/cambodias-trade-with-rcep-countries-amounts-to-31-36-bln-in-11-months/
Cambodia’s GFT exports surge 25%, trend to continue in 2025
Cambodia’s exports of garments, footwear and travel goods (GFT) surged by 25.23 percent in the first eleven months of this year, compared to the same period last year, earning the country $12.51 billion, the latest trade data of the General Department of Customs and Excise ...
Manoj Mathew
https://www.khmertimeskh.com/501607441/cambodias-gft-exports-surge-25-trend-to-continue-in-2025/
Cambodia, Vietnam to facilitate smooth cross-border trade activities
The General Department of Customs and Excise of Cambodia and Vietnamese Customs Administration Monday agreed to further strengthen the bilateral customs cooperation on managing and facilitating cross-border trade activities and transit goods. ...
Chea Vanyuth
https://www.khmertimeskh.com/501606782/cambodia-vietnam-to-facilitate-smooth-cross-border-trade-activities/
Cambodia’s exports swells to nearly $24B in Jan-Nov
Cambodia exported goods worth approximately $23.93 billion during the first eleven months of 2024, up 16.8 percent from $20.49 billion recorded in the same period last year, a report from the General Department of Customs and Excise of Cambodia showed on Tuesday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501606816/cambodias-exports-swells-to-nearly-24b-in-jan-nov/
Kingdom-China trade touches nearly $14B
Trade volume between Cambodia and China soared to nearly $14 billion in the first eleven months of 2024, an increase of 24 percent compared to the same period last year, according to a report from the General Department of Customs and Excise of Cambodia (GDCE) ...
Sum Manet
https://www.khmertimeskh.com/501606812/kingdom-china-trade-touches-nearly-14b/
Cambodia, Saudi Arabia eye rice trade deal
Cambodia and Saudi Arabia Monday explored opportunities to strengthen bilateral relations, particularly in the agricultural sector. This move comes as both countries seek to enhance economic cooperation and explore new trade avenues. ...
Chea Vanyuth
https://www.khmertimeskh.com/501606211/cambodia-saudi-arabia-eye-rice-trade-deal/