Economy and commerce
Electronics imports surge one-third on-year: ministry
Cambodia imported $904.3 million worth of “electronics” in 2022 – surging by 33.2 per cent from $678.9 million in 2021 – with the fourth quarter accounting for the lion’s share at 28.61 per cent of the annual total, according to figures from the finance ministry’s ...
Cambodia may invest in Cuban rice production
Cambodia is considering investing in rice production in Cuba to help strengthen the Caribbean island nation’s capacity to ensure food security, as well as to increase the presence of the Kingdom’s varieties of the stable crop in international markets. ...
Cambodia and Vietnam sign trade deals
Cambodia and Vietnam have signed a series of agreements to strengthen trade and cooperation between the two nations ...
Cambodia, Indonesia to boost trade, investment, tourism ties
Cambodia and Indonesia have discussed further cooperation in trade, investment and tourism by promoting the export of Cambodian agricultural products to the Indonesian market. ...
China remains as top supplier of raw materials to Cambodia’s garment industry
Cambodian Prime Minister said on Wednesday that China is the largest supplier of raw materials to the kingdom’s garment industry. ...
Khmer Times Staff
Cambodian authorities urged to probe forced labor in factories
The American Apparel & Footwear Association (AAFA) and VF Corporation are urging Cambodian authorities to investigate forced labor used to produce export goods. ...
Cambodia, Pakistan mull joint trade-body committee
Cambodia and Pakistan have agreed to look into setting up a joint committee between the two countries’ apex business associations, to unlock the envisaged potential of two-way trade and investment, and boost import-export flows beyond their historically limited levels, according to a Ministry of Commerce ...
Cambodia and UAE negotiate trade deal
Cambodia and the United Arab Emirates (UAE) have thrashed out a deal after three rounds of negotiations over the Comprehensive Economic Partnership (CEPA) trade agreement. ...
Cambodia’s Royal Group signs agreement on renewable energy export to Singapore
Cambodia’s Royal Group Power Company Ltd. (RGP) and Singapore’s Keppel Energy Pte Ltd. (KE) have reached an energy purchase agreement on exporting renewable energy to Singapore via submarine high-voltage transmission. ...
Khmer Times Staff
Cambodia to export renewable electricity to Singapore
The conglomerate Cambodia’s Royal Group of Companies will export renewable energy to Singapore after the group signed an agreement with Keppel Energy Pte Ltd on Wednesday, which will enable the latter to purchase electricity from the Kingdom. ...
Khmer Times Staff
Rubber exports edge up even as prices drop
Cambodia netted $79.370 million from the export of natural rubber latex and wood in the first two months of 2023, marking a slight increase year-on-year, even amid a decline in prices on international markets for the locally-produced white sap, according to the Ministry of Agriculture, ...
US remains Cambodia’s biggest market despite declining exports
The US remained the biggest market for Cambodia with a share of 34.4 percent even though the Kingdom’s exports to the country decreased by 20.2 percent to reach $1.12 billion in the first two months of the year compared to the same period in 2022, ...
Cambodia-China trade at $1.7B in first two months
The trade volume between Cambodia and China reached $1.7 billion in the first two months of 2023, down 15.6 percent year-on-year, according to a report from the General Department of Customs and Excise. ...
Fresh banana exports to China rebound
Cambodia’s fresh banana exports to regional markets in the first quarter of the year have improved compared to 2022, mainly due to the lifting of Covid-19 lockdowns in China – the Kingdom’s biggest market – and a reduction in shipping costs, said Longmate Agriculture CEO ...
Cambodia’s exports 8 percent down in first two months, commerce ministry wants to reassure
Cambodia sees a fall in exports in the first two months of 2023, down 8.6 percent compared to the same period last year. It is, however, not a worrying sign, the Commerce Ministry said. ...
Cambodia to directly ship goods to US, EU by 2030
By 2030, Sihanoukville Autonomous Port (PAS) will be able to ship goods directly without any transit to the US and European Union (EU) markets, said Sun Chanthol, Minister of Public Works and Transports (MPWT) yesterday. ...
Cambodia’s trade valued at over $6.8 billion in first two months
The total trade volume between Cambodia and other countries around the world reached more than $6.8 billion in the first two months of 2023, down 21.8 percent when compared to the same period last year. ...
Khmer Times Staff
Kampong Chhnang port to push exports
Kampong Chhnang Multi-Purpose Port and Logistics Centre will spend more than $300 million to promote the transportation of Cambodian products to local and international markets. ...
Job loss fears as GFT exports decline by 25 percent in February
Cambodia’s exports of garments, footwear and travel (GFT) goods declined by nearly 25 percent in February 2023, compared to the same period in 2022, continuing a trend that started nearly six months ago raising fears of factory closures and job losses. ...
Exports to Vietnam swell 36% in Jan-Feb
Cambodian goods exports to Vietnam amounted to $491.180 million in the first two months of 2023 – surging by 36.12 per cent over the same time last year – accounting for 45.28 per cent of bilateral trade, jumping up by 7.30 percentage points year-on-year, according ...