Trade

Exports

Cambodian exports to the US soar

Cambodia’s exports to the US were worth more than $5 billion last year, a sharp year-on-year increase. The latest data from the US trade office shows that Cambodian exports to the world’s largest economy skyrocketed last year, growing by 40 per cent to reach $5.36 billion. ...

May Kunmakara
https://www.phnompenhpost.com/business/cambodian-exports-us-soar

Ministry: EBA decision ‘politically driven’

The Ministry of Foreign Affairs and International Cooperation has reacted to the European Commission’s (EC) decision to partially suspend the Everything But Arms (EBA) scheme, saying it did not reflect the reality in Cambodia. An analyst also said the suspension would not make the Cambodian ...

Niem Chheng
https://www.phnompenhpost.com/national-politics/ministry-eba-decision-politically-driven

EU partially withdraws EBA

The EU Commission on Wednesday announced the partial withdrawal of the Everything But Arms (EBA) scheme, citing a serious and systematic violation by Cambodia of principles in the four core human and labour rights. The suspension affects one-fifth or €1 billion ($1.08 billion) of Cambodia’s ...

Niem Chheng
https://www.phnompenhpost.com/national-politics/eu-partially-withdraws-eba

Cambodia’s exports to Thailand increase by 195% in 2019

Latest data from the Ministry of Commerce shows that from January to December last year, Cambodia exported some US$2.27 billion worth of products to Thailand, up 195 percent compared to a year earlier. ...

Khmer Times Staff
https://www.khmertimeskh.com/50689838/cambodias-exports-to-thailand-increase-by-195-in-2019

Still no word about EBA but rice likely unaffected

Officials on Monday said the government had not received an official statement regarding the EU’s potential withdrawal of Cambodia’s Everything But Arms (EBA) scheme. The EU launched the EBA withdrawal procedure on February 12, citing “a deterioration of democracy [and] respect for human rights” in ...

Khorn Savi
https://www.phnompenhpost.com/national/still-no-word-about-eba-rice-likely-unaffected

Rice exports down 15% year-on-year in January

Cambodia exported 50,450 tonnes of rice worth $39 million to the international market in January, down 15.39 per cent compared to the same period in 2018, Cambodia Rice Federation (CRF) secretary-general Lun Yeng said on Sunday. Yeng told The Post that Cambodian rice exports to ...

Thou Vireak
https://www.phnompenhpost.com/business/rice-exports-down-15-year-year-january

Cambodia plans to export rice to Kuwait

Cambodia plans to export milled rice to Kuwait, according to senior officials at the Ministry of Commerce, in what was described as market diversification. The ministry announced the purchase agreement has been scheduled for signing next month. ...

Chea Vannak
https://www.khmertimeskh.com/50688095/cambodia-plans-to-export-rice-to-kuwait

Rubber exports rise by 30% year-on-year

Cambodia exported more than 282,071 tonnes of rubber last year, a 30 per cent increase from 2018’s 217,501 tonnes, a Ministry of Agriculture, Forestry and Fisheries report said. The commodity reeled in $377 million in revenue last year, up 32 per cent from 2018’s $286 ...

Thou Vireak
https://www.phnompenhpost.com/business/rubber-exports-rise-30-year-year

Exports from SEZs soar 27% year-on-year

Cambodia’s exports through the special economic zones (SEZs) last year increased by about 27 per cent compared to 2018, Minister of Economy and Finance Aun Pornmoniroth said on Thursday. Speaking during a visit to the Phnom Penh Special Economic Zone (PPSEZ), Pornmoniroth said the total ...

Hin Pisei
https://www.phnompenhpost.com/business/exports-sezs-soar-27-year-year

Hun Sen calls on Vietnam to invest in rice processing sector

Prime Minister Hun Sen on Friday called on the Vietnamese to invest in the Kingdom’s rice processing sector. Speaking at an annual dinner with the Vietnamese business community in Cambodia ahead of Tet – the Vietnamese Lunar New Year – Hun Sen said the Kingdom’s ...

Thou Vireak
https://www.phnompenhpost.com/business/hun-sen-calls-vietnam-invest-rice-processing-sector

Cashew nut exports nearly double in 2019

Cambodia exported some 202,318 tonnes of cashew nuts last year to foreign markets, up nearly 100 per cent from 2018’s 101,973 tonnes, a Ministry of Agriculture, Forestry and Fisheries report said. Khan Samban, director of the ministry’s Department of Agro-Industry, told The Post that the ...

Thou Vireak
https://www.phnompenhpost.com/business/cashew-nut-exports-nearly-double-2019

Shipments of mango to South Korea poised to begin this week

Exports of Cambodian mangoes to South Korea will begin this week after Korean authorities gave the nod. The Ministry of Agriculture, Forestry and Fisheries’ Department of Plant Protection, Sanitary and Phytosanitary Requirements director Ker Monthivuth told The Post on Sunday that after several inspections of ...

Hin Pisei
https://www.phnompenhpost.com/business/shipments-mango-south-korea-poised-begin-week

Corn industry maintains hope for rebound amid plummeting prices

Total corn exports dropped by more than 40 per cent on 2018 due to last year’s drought and pest damage, industry insiders said. Ministry of Agriculture, Forestry and Fisheries data showed that last year the Kingdom exported 119,993 tonnes of red corn – down 41.23 ...

Hin Pisei
https://www.phnompenhpost.com/business/corn-industry-maintains-hope-rebound-amid-plummeting-prices

Kingdom exports 157K tonnes of bananas

The export of yellow bananas to international markets last year reached 157,812 tonnes, most of which was exported to China and the rest to Vietnam and Japan, a Ministry of Agriculture, Forestry and Fisheries report showed. There is no data on 2018 banana exports to ...

Hin Pisei
https://www.phnompenhpost.com/business/kingdom-exports-157k-tonnes-bananas

As rice exports to EU drop, dealers are reducing prices due to tariffs

Government data showed that Cambodia’s rice exports to the European Union had dropped by 30 percent in 2019, after the economic bloc imposed tariffs at the start of last year. Ministry of Agriculture data showed that rice exports dropped from 300,000 tons in 2018 to around ...

Sun Narin
https://www.voacambodia.com/a/as-rice-exports-to-eu-drop-dealers-are-reducing-prices-due-to-tariffs-/5229066.html

Rubber exports grow nearly 24% last year

The Kingdom’s rubber exports saw a 24 per cent increase over the first 11 months of last year compared to the same period in 2018, data from the General Directorate of Rubber obtained by The Post on Tuesday showed. Pol Sopha, the director-general of the ...

Thou Vireak
https://www.phnompenhpost.com/business/rubber-exports-grow-nearly-24-last-year

Exporter urges Kampot pepper farmers to focus on quality

An exporter has asked farmers to focus on producing high-quality pepper by following strict standards to strengthen demand for their products abroad. According to the Kampot Pepper Promotion Association, 50 percent of Kampot pepper is exported to the EU, while 30 percent is consumed internally. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50673130/exporter-urges-kampot-pepper-farmers-to-focus-on-quality

Cambodian rice set for export to South Africa

Milled rice exporter Mekong Oryza Trading Co Ltd signed an export memorandum of understanding (MoU) with companies from Hong Kong and South Africa in Phnom Penh on Tuesday. The agreement was inked between Mekong Oryza Trading, Hong Kong-based Zhonghui Taifu International Co Ltd and South African-based ...

Thou Vireak
https://www.phnompenhpost.com/business/cambodian-rice-set-export-south-africa

Kingdom’s rice sector faces lack of capital

A lack of working capital has remained a challenge for the Kingdom’s rice industry and has impeded rice export growth for years, industry insiders said. The comments were made at a meeting between the state-owned Rural Development Bank (RDB) and the Cambodia Rice Federation (CRF) on ...

Hin Pisei
https://www.phnompenhpost.com/business/kingdoms-rice-sector-faces-lack-capital

Rice exports to China still under last year’s quota: CRF

China has not yet purchased milled rice from Cambodia for the period 2019-2020, with the country still trying to fulfill its quota for the year 2018. Kao Thach, CEO of Rural Development Bank (RDB), told Khmer Times that Cofco – China’s largest food processor, manufacturer and trader ...

Sok Chan
https://www.khmertimeskh.com/50664440/rice-exports-to-china-still-under-last-years-quota-crf/

FTA with South Korea would improve Cambodia’s competitiveness: exporters

Cambodian exporters are hopeful that a free trade agreement with South Korea will boost trade between the nations and attract more investment into the Kingdom.​ Chang Hoon Lee, managing director of Korean exporter Hyundai Agro, said the move is a positive development. A free-trade pact ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50664297/fta-with-south-korea-would-improve-cambodias-competitiveness-exporters/

Garment, travel goods exports will stay strong, says minister

Minister of Commerce Pan Sorasak on Thursday expressed his optimism that garment, textile, footwear and travel goods exports will continue to enjoy strong growth over the next few years. He cited better working conditions and labour compliance as the main drivers of the Kingdom’s industrial ...

Garment, textile, footwear exports nearly $8B in Q1-Q3

Cambodia exported more than $7.97 billion worth of garment, textile and footwear (GTF) products in the first nine months of this year, up 13.18 per cent year-on-year from $7.044 billion, a report from the Ministry of Economy and Finance’s General Department of Customs and Excise ...

Thou Vireak
https://www.phnompenhpost.com/business/garment-textile-footwear-exports-nearly-8b-q1-q3

China’s rice imports from Kingdom on the rise

China imported 40 percent more rice from Cambodia from January to October this year over the same period last year, according to government data. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50659992/chinas-rice-imports-from-kingdom-on-the-rise/

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