Economy and commerce
Trade
Cambodia, US vow to expand cooperation to boost trade and investment
Cambodia and the United States are committed to further strengthening and expanding cooperation to increase trade and investment. ...
Khmer Times Staff
https://www.khmertimeskh.com/501320028/cambodia-us-vow-to-expand-cooperation-to-boost-trade-and-investment/
Cambodian exports to Vietnam surge by nearly a quarter to $1.3B
Cambodia’s goods exports to Vietnam reached $1.324 billion in the first five months of 2023, up 22.69 per cent year-on-year from $1.079 billion and up 83.92 per cent half-on-half from $719.79 million, according to the General Department of Customs and Excise of Cambodia (GDCE). ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodian-exports-vietnam-surge-nearly-quarter-13b
China remains the largest export market for Cambodia
The CCFTA, signed in October 2020 and effective since January 2022, was initiated by Cambodian officials with the aim of broadening its trade relations and export markets in China in response to the economic fallout caused by the pandemic, local flooding, and economic pressures and ...
Khmer Times Staff
https://www.khmertimeskh.com/501320543/china-remains-the-largest-export-market-for-cambodia/
China, Vietnam, Thai markets make up 70% of Cambodia’s imports
Mainland China, Vietnam and Thailand accounted for $7.259 billion or 71.81 per cent of Cambodia’s total goods imports in the first five months of 2023, which amounted to $10.109 billion, according to the General Department of Customs and Excise of Cambodia (GDCE). ...
Hin Pisei
https://www.phnompenhpost.com/business/china-vietnam-thai-markets-make-70-cambodias-imports
Spanish imports of apparel from Cambodia rise 19% to $326.5 million
Imports by Spain for apparel imports from Cambodia, which experienced substantial growth last year, have continued their upward trajectory in the first four months of the year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501315625/spanish-imports-of-apparel-from-cambodia-rise-19-to-326-5-million/
Twenty-seven startups and SMEs receive $5,000 to $20,000 grants
Twenty-seven local startups and small and medium enterprises (SMEs) have received grant assistance from the government to support their post-Covid recovery and enhance export potentials. ...
Thai Sothea
https://kiripost.com/stories/cambodia-twenty-seven-startups-and-smes-receive-5000-to-20000-grants
Prahok being primed for export
Prahok is being reprocessed by a local company to reduce its pungent smell to make it ready for export. ...
Chhorn Raksmey
https://kiripost.com/stories/cambodia-prahok-being-primed-for-export
Exports to Thailand increase 9.47% in first five months of 2023
Cambodia’s exports to Thailand hit $480.239 million in the first five months of 2023, up 9.47 percent year-on-year (YoY) from $438.705 million and up to 84.47 percent half-on-half (compared to July to November 2022) from $260.33 million. ...
Yatt Malai
https://kiripost.com/stories/cambodia-exports-to-thailand-increase-947-in-first-five-months-of-2023
$145.8 million earned by Cambodia from rubber exports of 108,000 tonnes in first five months
Cambodia exported 107,938 tons of dry rubber in the first five months of 2023, up 2.5 percent from the 105,248 tons recorded in the same period last year, said a report from the General Directorate of Rubber on Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501312532/145-8-million-earned-by-cambodia-from-rubber-exports-of-108000-tonnes-in-first-five-months/
Cambodia imports from Malaysia increases by 101 percent to $65 million in May
The merchandise trade volume between Cambodia and Malaysia was worth $620.373 million last year—a rise of 23.33 per cent year on year (YoY). ...
Khmer Times Staff
https://www.khmertimeskh.com/501312588/cambodia-imports-from-malaysia-increases-by-101-percent-to-65-million-in-may/
Cambodia’s rubber exports surge by over 41%
Cambodia earned $260 million from the exports of natural rubber and rubber articles in the first five months of the year, a surge of 41.4 percent compared to the same period last year, according to the latest trade data of the General Department of Customs ...
Manoj Mathew
https://www.khmertimeskh.com/501311550/cambodias-rubber-exports-surge-by-over-41/
Cambodia’s trade turnover over $19.2 bn in Jan-May 2023; 14% YoY drop
Cambodia’s trade turnover with global partners topped $19.2 billion in the first five months this year, a 14 per cent year on year (YoY) decline, government statistics show. ...
Khmer Times Staff
https://www.khmertimeskh.com/501310428/cambodias-trade-turnover-over-19-2-bn-in-jan-may-2023-14-yoy-drop/
Capital’s river port operator logs 24% decline in revenue
Local public-listed river-port operator Phnom Penh Autonomous Port (PPAP) reported a sharp decline in business performance in the first five months of the year due to regional and global economic uncertainty brought on by the protracted Ukraine conflict and its effects on demand and inflation. ...
May Kunmakara
https://www.phnompenhpost.com/business/capitals-river-port-operator-logs-24-decline-revenue
Cambodia’s international trade recorded at over $19 billion in first five months
The total trade volume between Cambodia and its partners around the world reached more than $19 billion in the first five months of 2023, down 14 percent compared to the same period last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501307770/cambodias-international-trade-recorded-at-over-19-billion-in-first-five-months/
Origin of goods draft law sails through NA
A draft law on rules of origin was unanimously approved by the National Assembly (NA) during the June 12 session, with 96 supporting votes. ...
Van Socheata
https://www.phnompenhpost.com/business/origin-goods-draft-law-sails-through-na
Cambodia’s GFT woes unabated as exports decline 23%
The lean patch of Cambodia’s biggest export-earning segment of garments, footwear and travel (GFT) goods continued into the fifth month of the year as the January to May exports recorded a decline of 23.06 percent, compared to the same period in 2022. ...
Manoj Mathew
https://www.khmertimeskh.com/501306694/cambodias-gft-woes-unabated-as-exports-decline-23/
Draft code and law on natural resource management and regional trade agreement unanimously approved by senate
The Cambodian Senate has approved a draft Environment and Natural Resources Code and a draft law authorising ratification of the ASEAN Trade in Services Agreement. ...
Khmer Times Staff
https://www.khmertimeskh.com/501307746/draft-code-and-law-on-natural-resource-management-and-regional-trade-agreement-unanimously-approved-by-senate/
Trade pressures on Cambodia
Cambodia’s economic policies are relatively liberal for the region, and its investment and trade regimes remain attractive. However, being a small and open economy, Cambodia is susceptible to external changes and shocks. Global trade growth slowed in the second half of 2022 and further deceleration ...
Khmer Times Staff
https://www.khmertimeskh.com/501307802/trade-pressures-on-cambodia/
Cambodia eyes free trade agreement with Japan
Minister of Commerce Pan Sorasak urged all relevant parties to work together on the possibility of establishing a free trade agreement between Cambodia and Japan following a remarkable surge in exports of Cambodian products to Japan this year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501306688/cambodia-eyes-free-trade-agreement-with-japan/
Cambodia exports reach $9.18 billion in five months
Cambodia’s exports in the first five months of 2023 were worth $9.18 billion, down 2.4 percent from $9.41 billion for the same period last year, according to a General Department of Customs and Excise report. ...
Chea Vanyuth
https://www.khmertimeskh.com/501306111/cambodia-exports-reach-9-18-billion-in-five-months/
Cambodia’s garment exports to Australia increase
Australia’s clothing imports from Cambodia have bucked the general trend of a decrease, with imports in the first quarter of 2023 increasing to $42.575 million compared with the same period last year. ...
Seng Mengheng
https://kiripost.com/stories/cambodias-garment-exports-to-australia-increase
Sihanoukville Autonomous Port CEO vows port will become regional hub
Lou Kim Chhun, government delegate in charge as chairman and CEO of Sihanoukville Autonomous Port, said he was determined to push the development of a new container terminal and deep-water port in Sihanoukville. ...
Van Socheata
https://www.phnompenhpost.com/business/sihanoukville-autonomous-port-ceo-vows-port-will-become-regional-hub
CCF, Japan counterparts, examine cooperation
Cambodia and Japan have agreed to examine the possibility of establishing cooperation in the realm of the protection of consumer rights. ...
Sok Raksa
https://www.phnompenhpost.com/business/ccf-japan-counterparts-examine-cooperation
PM Hun Sen says bilateral FTA with China boosts Cambodia’s exports
Cambodian Prime Minister Hun Sen said on Thursday that the Cambodia-China Free Trade Agreement (CCFTA), which took effect on Jan. 1, 2022, has given a boost to the kingdom’s exports to China. ...
Khmer Times Staff
https://www.khmertimeskh.com/501305373/pm-hun-sen-says-bilateral-fta-with-china-boosts-cambodias-exports/