Economy and commerce
Trade
Cambodia-US trade rises 32%
Bilateral trade between Cambodia and the US in the first 11 months of 2021 topped $8.396 billion, surging by more than 32.1 per cent from over $6.355 billion in the same period last year, according to US Census Bureau (USCB) data on January 10. ...
Hom Phanet
https://www.phnompenhpost.com/business/cambodia-us-trade-rises-32
Non-gold goods trade tops $36B in Jan-Nov
Cambodia’s global non-gold trade exceeded $36 billion in the first 11 months of 2021, rising by more than 24 per cent year-on-year, according to Ministry of Economy and Finance data. ...
Hin Pisei
https://www.phnompenhpost.com/business/non-gold-goods-trade-tops-36b-jan-nov
Vietnam buys 80 pct of Cambodia’s agriculture exports
Vietnam bought nearly 80 percent of Cambodia’s nearly $5 billion worth of agriculture exports last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501004581/vietnam-buys-80-pct-of-cambodias-agriculture-exports/
Animal-related exports soar 40 per cent to $66 million
Cambodia earned about $66.13 million from the export of live adult animals and products of animal origin in 2021, a 40.1 per cent surge from $47.18 million a year earlier, the General Directorate of Animal Health and Production reported. ...
Hom Phanet
https://www.phnompenhpost.com/business/animal-related-exports-soar-40-cent-66-million
Kingdom strives to dampen fallout from Sino-Vietnam border cargo gridlocks
Cambodia is looking for workarounds to ship cargo to China while avoiding the risks and problems associated with ongoing severe congestion at Sino-Vietnamese land border gates, which has been blamed on Beijing’s response to the SARS-CoV-2 Omicron variant and its “dynamic zero-Covid” policy. ...
Nov Sivutha
https://www.phnompenhpost.com/business/kingdom-strives-dampen-fallout-sino-vietnam-border-cargo-gridlocks
Lots of buzz as South Korea FTA edges closer
The Cambodia-Korea Free Trade Agreement (CKFTA) is set to enter into force 60 days after the Kingdom’s Ministry of Commerce and South Korean counterpart have notified each other that their respective internal procedures have been completed, as affirmed by ministry spokesman Pen Sovicheat. ...
Hom Phanet
https://www.phnompenhpost.com/business/lots-buzz-south-korea-fta-edges-closer
Road vehicle imports clock in at $977M
Cambodia imported road vehicles worth $977.4 million in the first 10 months of 2021, up by more than eight per cent from $901 million in January-October 2020, according to Ministry of Commerce data. ...
Hin Pisei
https://www.phnompenhpost.com/business/road-vehicle-imports-clock-977m
Non-rice agricultural product export nets $3.16 Billion in 2021
Cambodia exported some 5.18 million tonnes of non-rice agricultural products in 2021, a 48.14 percent increase compared to the same period last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501000187/non-rice-agricultural-product-export-nets-3-16-billion-in-2021/
Non-rice agricultural product export nets $3.16 Billion in 2021
Cambodia exported some 5.18 million tonnes of non-rice agricultural products in 2021, a 48.14 percent increase compared to the same period last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501000187/non-rice-agricultural-product-export-nets-3-16-billion-in-2021/
Cambodia-UK trade recorded at more than $600 million in first ten months
Bilateral trade exchange between Cambodia and the United Kingdom reached some $645 million in the first ten months of this year, a decline of 13 percent compared to the same period in 2020. ...
Khmer Times Staff
https://www.khmertimeskh.com/50998427/cambodia-uk-trade-recorded-at-more-than-600-million-in-first-ten-months/
Cambodia-U.S. trade reaches over $6 billion in first ten months
Bilateral trade between Cambodia and the United Sates was valued at about $6.35 billion in the first ten months of 2021, a year-on-year increase of 40 percent. ...
Khmer Times Staff
https://www.khmertimeskh.com/50997852/cambodia-u-s-trade-reaches-over-6-billion-in-first-ten-months/
Rough gemstone import-export down 45%
Cambodia has issued 36 certificates for the import and export of a total of $24 million worth of precious and industrial-grade rough gemstones in 2021, down by 45 per cent from $43.7 million in 2020, covered by 45 permits, according to Ministry of Commerce data. ...
Hin Pisei
https://www.phnompenhpost.com/business/rough-gemstone-import-export-down-45
EU trade safeguards on rice expire January 18
Cambodia is set to enjoy a considerable boost in milled-rice exports to the EU next year after safeguard measures imposed by the European Commission (EC) expire at the onset of January 18. ...
May Kunmakara
https://www.phnompenhpost.com/business/eu-trade-safeguards-rice-expire-january-18
Agriculture ministries talk cross-border cooperation
Cambodia and Vietnam have negotiated an agreement on agriculture to strengthen import-export controls and prevent the illegal cross-border timber and wildlife trade, among other issues, according to Minister of Agriculture, Forestry and Fisheries Veng Sakhon. ...
Orm Bunthoeurn
https://www.phnompenhpost.com/national/agriculture-ministries-talk-cross-border-cooperation
Non-gold goods trade exceeds $29B
Cambodia’s global non-gold goods trade topped $29 billion in the first three quarters of 2021, increasing by around a quarter year-on-year, the Ministry of Economy and Finance reported. ...
Hin Pisei
https://www.phnompenhpost.com/business/non-gold-goods-trade-exceeds-29b
South Korea trade nearly $870M in Jan-Nov
Bilateral trade between Cambodia and South Korea reached $869.735 million in the first 11 months of 2021, an 8.805 per cent surge from $799.354 million in the same period last year, according to data from the Korea International Trade Association (Kita) posted at the weekend. ...
Hin Pisei
https://www.phnompenhpost.com/business/south-korea-trade-nearly-870m-jan-nov
Banking and financial institutions disbursed $44.9 billion in loans, an increase of 23 percent
The National Bank of Cambodia (NBC) said that at the end of the third quarter of 2021, banking and financial institutions provided loans totaling 185.1 trillion riels or about $44.9 billion to agriculture, construction, manufacturing, services, wholesale and retail trade and household units. This accounted ...
Khmer Times Staff
https://www.khmertimeskh.com/50992206/banking-and-financial-institutions-disbursed-44-9-billion-in-loans-an-increase-of-23-percent/
Fabric imports for garment industry rises to $3.5 billion in first nine months of the year
The garment sector in Cambodia has shown good performance in terms of production, exports and growth in orders, while the import of fabrics for garment production increased by more than 25%. ...
Khmer Times Staff
https://www.khmertimeskh.com/50988017/fabric-imports-for-garment-industry-rises-to-3-5-billion-in-first-nine-months-of-the-year/
Low production, campaigns burn tobacco exports
Cambodia exported 4,294.05 tonnes of tobacco in the first 11 months of 2021, dipping by 24.42 per cent year-on-year, of which 98.108 per cent was exported to Vietnam, according to Ministry of Agriculture, Forestry and Fisheries data. ...
Hin Pisei
https://www.phnompenhpost.com/business/low-production-campaigns-burn-tobacco-exports
WTO help sought in LDC exit
Cambodia has asked the World Trade Organisation (WTO) to support a comprehensive study of its exit strategy from the group of the least developed countries (LDC), the Ministry of Commerce reported on December 6. ...
Hom Phanet |
https://www.phnompenhpost.com/business/wto-help-sought-ldc-exit
China set to open gates for Cambodian ‘pra’ fish exports
China will import “pra” fish from Cambodia in the near future, once technical experts study and assess sanitary and other associated risks in virtual inspections and give the all-clear, Chinese ambassador to Cambodia Wang Wentian affirmed on December 6. ...
Hom Phanet
https://www.phnompenhpost.com/business/china-set-open-gates-cambodian-pra-fish-exports
Bilateral trade with Japan up 12% to nearly $2B in Jan-Oct
Standing as one of the largest economies in Asia, Japan is quickly becoming a prime market for Cambodian goods. Even with both economies embroiled in the Covid-19 crisis, bilateral trade managed to reach $1.96424 billion in the first 10 months of 2020, climbing by 12.2 ...
May Kunmakara
https://www.phnompenhpost.com/business/bilateral-trade-japan-12-nearly-2b-jan-oct
Ministry, Korea seek site for new food testing centre
The Ministry of Industry, Science, Technology and Innovation is teaming up with South Korea to find a suitable location in Cambodia to set up a food testing centre over the next five years, and make inspections of domestic and export products for quality, safety and ...
Nov Sivutha
https://www.phnompenhpost.com/business/ministry-korea-seek-site-new-food-testing-centre
Peppercorn exports sprout 457% to nearly 28K tonnes
Cambodia shipped out about 27,730.07 tonnes of peppercorn – both geographical indication- (GI) branded Kampot pepper and non-GI cultivars – in the first 11 months of 2021, up 456.53 per cent year-on-year, with Vietnam as the top buyer, the Ministry of Agriculture, Forestry and Fisheries ...
Hom Phanet
https://www.phnompenhpost.com/business/peppercorn-exports-sprout-457-nearly-28k-tonnes