Trade

Imports

Cambodia records almost US$2-B trade deficit in 9 months

Cambodia reported a trade deficit of 33% in equivalent to US$1.99-B in the 1st 9 months of this year, the report of the Ministry of Commerce showed Saturday ...

http://www.livetradingnews.com/cambodia-records-almost-us2-b-trade-deficit-in-9-months-90475.htm

Cambodia's Trade Deficit Grows to Almost $2 Billion

Cambodia’s trade deficit reached $1.99 billion through the first nine months of the year, an increase of 33 percent compared to the same period in 2011, according to data released by the Ministry of Commerce on Saturday. Chinese state news agency Xinhua reported that the total value ...

Cambodia's Ancient Silk Industry Hangs by a Fine Thread

Welcome to Cambodia’s lone Silkworm Egg Production Center, and to the techniques that are being used to prevent and monitor diseases that are currently killing off more than 50 percent of all silkworm production in the country. Established by the U.N.’s Food and Agriculture Organization (FAO), ...

http://www.cambodiadaily.com/business/cambodias-ancient-silk-industry-hangs-by-a-fine-thread-4662/

Awareness training on fake goods for officials

Cambodia lacks the resources for implementing intellectual property rights, while relevant officers lack skills to monitor the import of counterfeit products, according to an official. Var Roth San, Head of the Secretariat of National Committee for Intellectual Property Rights (NCIPR) and Director of  the Department of  ...

http://www.phnompenhpost.com/index.php/2012101259266/Business/officials-trained-on-fake-goods.html

Possible benefits for Cambodia in Mekong Region trade

Cambodia could benefit more from trade in the Greater Mekong Subregion (GMS) by implementing time and cost, cutting measures and removing constraints on exports, according to a new book by the Asian Development Bank. During a media briefing yesterday, Brimble [senior country economist and author of ...

http://www.phnompenhpost.com/index.php/2012101259264/Business/cambodia-to-get-more-benefits-in-mekong-region-trade-adb.html

Trade barriers hinder growth of Cambodia's export industry

Cambodia could reap even greater benefits from trade facilitation measures in the Greater Mekong Subregion (GMS) by removing high logistics costs, delays and other barriers that hamper the country’s connectivity and competitiveness, according to a new Asian Development Bank (ADB) book released here on Thursday. “Cambodia’s ...

http://www.globaltimes.cn/content/737669.shtml

Trucking Companies Plagued by High Costs, Informal Payments

Despite growing exports, freight companies say profits are being hit because most firms still use old, inefficient trucks and are often forced to pay custom officials informal fees at border checkpoints and ports. Transportation costs in Cambodia are already some of the highest in the region, ...

http://www.cambodiadaily.com/business/trucking-companies-plagued-by-high-costs-informal-payments-3716/

EU Bike Import Shows Huge Shifts

The import flow of bicycles (excluding e-bikes) into the European Union is changing rapidly between countries What is in particular striking is the massive upswing in imports from Cambodia. In 2011 the European Union imported 366,000 bikes from Cambodia which took the country to the 9th ...

http://www.bike-eu.com/Sales-Trends/Product-trends/2012/10/EU-Bike-Import-Shows-Huge-Shifts-1081701W/

Kiwi Umbrella Company Conquers Global Market

New Zealand’s most wind-resistant outdoor umbrella range has taken the global market by storm with exports to 35 countries Shade7 is a Kiwi export success story and is run by businessmen and philanthropists David Jesze and Michael Pearce. Jesze and his wife currently live in Cambodia, where ...

http://www.scoop.co.nz/stories/BU1210/S00309/kiwi-umbrella-company-conquers-global-market.htm

High Costs Cripple Trading Firms, Report Says

Import and export companies in Cambodia believe that high costs stemming from burdensome bureaucracy and poor infrastructure are putting them at a disadvantage compared to other firms transporting goods in the region, according to a recently released report by the Asian Development Bank. Surveying 39 export companies from the ...

Port more active over nine months

Cargo shipments via Phnom Penh Autonomous Port (PPAP), Cambodia’s second largest port, rose by 16 per cent year-on-year in the first nine months. The Port Authority said yesterday the rise was mainly due to the increase of import and export activities for garments, agricultural and construction ...

http://www.phnompenhpost.com/index.php/2012100559120/Business/port-more-active-over-nine-months.html

Cambodia city port sees 16% surge in shipments in 9 months

Container traffic through Phnom Penh Autonomous Port, Cambodia’s second largest port, increased by 16 percent in the first nine months of this year thanks to increasing import and export activities in garments and construction materials, the port authority said on Wednesday In March last year, to ...

http://news.xinhuanet.com/english/business/2012-10/03/c_131886809.htm

Cargo at Phnom Penh Port Jumps 15.24 Percent

The amount of cargo entering Cambodia through the Phnom Penh Autonomous Port has increased 15.24 percent through the first nine months of this year, compared to the same period last year, a port official said yesterday. Hei Bavy, general director of the Phnom Penh Autonomous Port, ...

New outsourcing players challenge export giants

Of course the BRIC countries are far from being the only emerging market suppliers for the global apparel sector – and a knot of competitors such as Bangladesh and Vietnam have long been vying for business. But there are smaller players (in terms of the ...

http://www.just-style.com/management-topic/new-outsourcing-players-challenge-export-giants_id115700.aspx

Over 600% Growth in UAE Re-Exports to Cambodia in 2011:

The UAE’s non-oil exports to Cambodia have risen by 639 percent from 2010 to 2011, with total Emirati exports to the Asian country going up by 271 percent during which the UAE achieved a surplus in trade between the two countries of around USD 2.3 ...

http://www.wam.org.ae/servlet/Satellite?c=WamLocEnews&cid=1290001004928&p=1135099400124&pagename=WAM%2FWamLocEnews%2FW-T-LEN-FullNews

Cambodian farmers squeezed out

Cambodians like pork. The average Cambodian consumes 9.29 kilogrammes of the meat a year and local farmers have long supplemented their incomes by selling an average of two pigs a year. In 2008, Cambodian farmers supplied around 2 million pigs, more than 90% of domestic demand. ...

http://www.bangkokpost.com/business/economics/314912/cambodian-farmers-squeezed-out

Cambodia records 1.51 bln trade deficit in 7 months

Cambodia reported a trade deficit of 34 percent in equivalent to 1.51 billion U.S. dollars in the first seven of this year, the report of the Commerce Ministry showed on Thursday. During January-July period this year, the country’s total import and export value was 7.45 billion ...

http://www.nzweek.com/world/cambodia-records-1-51-bln-trade-deficit-in-7-months-7684/

Locals Pay Almost Double for iPhone Amid High Demand

Cambodian customers eager to buy Apple Inc.’s newest iPhone are paying almost double the company’s asking price in the U.S., phone vendors in Phnom Penh said yesterday. At about a dozen phone shops near Phnom Penh’s Central Market, vendors were doing a steady trade in the ...

Transport costs remain high

Cambodia’s transport costs remain high compared with those in neighbouring countries, according to a 10-container shipment comparison conducted between Cambodia, Thailand and Vietnam by a Korean-owned company, Pan Continental Freight (PCF). The comparison found Cambodia’s free on board (FOB) costs were US$35 a tonne, whereas Thailand ...

http://www.phnompenhpost.com/index.php/2012092758948/Business/transport-costs-remain-high.html

Thailand's Khon Kaen sees double-digit revenue growth next year

Khon Kaen Sugar Industry KSL.BK, Thailand’s fourth largest sugar producer, expects revenue could grow as much as a fifth next year, fuelled by expansion and a bumper sugarcane crop in 2012/13, the company’s chief executive said on Monday Chalush said sugar production from factories in Laos ...

http://www.reuters.com/article/2012/09/24/us-thailand-sugar-idUSBRE88N05S20120924

Phnom Penh sees rise in shipments in 2012

Container traffic through the Phnom Penh Autonomous Port increased by 7.5 percent in the first eight months of this year compared to the sme period last year, according to port figures. In the January through August period, the port received 57,000 twenty-foot-equivalent units, or TEUs, up ...

http://etmcambodia.com

Inflation rises 1.3 percent

Cambodia’s consumer price index rose by 1.3 percent in July compared to a year earlier on the back of higher food and fuel prices, according to data from the National Institute of Statistics. The increase was also due to non-alcohol beverages, clothing and footwear, housing, water, ...

http://etmcambodia.com

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