Exports

Global credit rating agency Moody’s Investors Services said yesterday that while it has retained Cambodia’s B2/stable sovereign rating alongside Vietnam’s B1/positive rating, the Kingdom’s low diversification of exports has put it at higher risk from external shocks than its eastern neighbour. ...

Cambodian timber exports to Vietnam over the first six months of the year have almost surpassed the total amount for all of last year, according to Vietnamese customs data, despite an existing ban on the trade – which one analyst said had “entirely failed” in ...

The Kingdom’s apex rice industry body has been meeting this week to discuss ways of nailing down a potentially massive deal with Bangladesh, which earlier this month inked a memorandum of understanding to purchase 1 million tonnes of Cambodian rice over the next five years. ...

Exports to the US saw a modest rebound during the first half of the year, benefiting in part from new trade privileges that allow Cambodian-made travel goods to enter the world’s biggest consumer market duty-free, a Garment Manufacturers Association in Cambodia (GMAC) representative said yesterday. ...

Growth of exports to Japan slowed during the first half of 2017, marking the lowest half-year growth rate in nearly a decade, newly released data from Japan’s development agency show. ...

Hoang Anh Gia Lai (HAGL), which last month became the first company to officially export bananas from Cambodia, has secured more orders for the fruit and will ship another 100 tonnes of bananas from its plantations in Ratanakkiri province today, a company representative said. ...

Cambodia and Bangladesh announced a potentially massive rice deal yesterday that would deliver up to 1 million tonnes of local rice to the South Asian nation over the next five years, provided they agree on the pricing terms. ...

Opposition lawmaker Son Chhay yesterday submitted a letter to National Assembly President Heng Samrin to forward to Minister of Mines and Energy Suy Sem requesting more information on sand-dredging operations and a sand-processing facility in Koh Kong province, following a​​ recent ban on exports from ...

Cambodia’s garment exports grew slower than expected by about 4 percent in the first half of the year compared with 9 percent in the same period last year while foreign investment in the sector fell by 30 percent, according to a report released by the ...

The ostensibly-outlawed export of logs to Vietnam increased in May, while the trade in sawn timber, also supposedly banned, remained substantial, new Vietnamese customs data shows. ...

Cambodian rubber exports surged 37 percent during the first half of the year, compared to the same period in 2016, as the Kingdom’s rising harvest capacity coincided with firmer global demand for rubber products. ...

Cambodian rice exports increased marginally during the first half of the year as export companies push to fulfill higher quotas destined for China. Rice exports totalled 288,562 tonnes in the first six months of the year, an increase of 7.6 percent compared to the same time ...

Mong Reththy Group (MRG), the Kingdom’s largest agro-industrial conglomerate, has secured a deal to export additional volumes of locally grown mangoes to France, the company announced yesterday on its Facebook page. ...

The British government has attempted to assuage the fears of least developed countries (LDCs) including Cambodia by assuring them that they will retain their trade privileges to the United Kingdom following the country’s exit from the European Union ...

The International Finance Corporation and Amru Rice, one of Cambodia’s biggest rice exporters, launched a new partnership yesterday to improve the competitiveness of the Kingdom’s rice sector, according to a press release. ...

Cambodia’s customs department counted less than 1 percent of the sand Singapore reported importing from Cambodia last year, according to trade statistics. The new data is the latest addition to a more than 77 million ton gap from 2007 to last year that the governments ...

Cambodia’s garment manufacturing industry has eclipsed rival Vietnam as a supplier of products to the European Union and is on course to overtake India, a visiting industry insider said yesterday. ...

While Cambodian mango varieties such as Keo Romeat are well regarded in overseas markets, there are constraints which need to be addressed before large scale exports can be achieved, said the owner of the largest agro-industrial company in Cambodia yesterday. ...

Exports to the United States rebounded in the first quarter of the year, an increase of almost two percent on the same period last year, despite fears over protectionist trade policies to be ushered in by US President Donald Trump. ...

The slowdown of regional and global economies, especially in China, US dollar appreciation, unfavourable weather and global stock market speculation have plunged rubber prices, the Association for Rubber Development in Cambodia said.   ...

it has been more than six months since Vietnam agreed to waive duties on 3,000 tonnes of Cambodian dried tobacco exports per year, yet local smallholder tobacco farmers claim the agreement has done little to improve their incomes, with some accusing large tobacco companies of ...

The Kingdom’s leading palm oil producer has projected revenues of $20 million this year as it targets another record-setting year for crude palm oil exports. ...

The U.K. NGO that last week exposed a major new timber trafficking operation between Cambodia and Vietnam has released more evidence in hopes of supporting Phnom Penh’s investigation into its claims, including invoices from Cambodia-based companies breaking the country’s timber export ban. ...

A second ship accused by the NGO Mother Nature of illegally exporting dredged ocean sand last week is expected to arrive at a port in China today with a cargo of silica sand, which is exempt from the ban, the ship’s owner said yesterday. ...