Economy and commerce
Trade
Electrical machinery, equipment export revenue exceeds $1.4B
Cambodia earned approximately $1.4 billion from the export of electrical machinery, equipment and parts to international markets during the first eight months of 2024, a decrease of one-third compared to the same period in 2023. Some economists attribute the decline to weak global economic growth. ...
Hin Pisei
https://www.phnompenhpost.com/business/electrical-machinery-equipment-export-revenue-exceeds-1-4b
Cambodia exports car tyres worth $527 million in first eight months
Cambodia exported a staggering $527 million worth of car tyres, up 173 percent compared to the $193 million recorded during the same period last year, the General Department of Customs and Excise report showed. ...
Chea Vanyuth
https://www.khmertimeskh.com/501566488/cambodia-exports-car-tyres-worth-527-million-in-first-eight-months/
Exports to EU up 16 percent
Cambodia’s export to the European Union (EU) continues to surge with export value to the bloc recording $2.9 billion in the first eight months of 2024. ...
Chea Vanyuth
https://www.khmertimeskh.com/501565929/exports-to-eu-up-16-percent/
Cambodia’s exports to Japan surge 20% in 8 months
Cambodia’s exports to Japan surged 20 percent in the first eight months of this year compared to the same period last year and reached $924 million, the latest trade data of the General Department of Customs and Excise (GDCE) showed. ...
Manoj Mathew
https://www.khmertimeskh.com/501565363/cambodias-exports-to-japan-surge-20-in-8-months/
Cambodia’s trade with ASEAN up 11.8% in first 8 months of 2024
Cambodia’s trade exchanges with its fellow ASEAN member states amounted to $10.49 billion in the first eight months of this year, up 11.8% from $9.38 billion over the same period last year, said a report from the General Department of Customs and Excise on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501565511/cambodias-trade-with-asean-up-11-8-in-first-8-months-of-2024/
Iron and steel imports up nearly 60 percent
According to the data released by the General Department of Customs and Excise (GDCE) earlier this month, iron and steel imports into the Kingdom increased by 59.2 percent during the first eight months of 2024 compared to the imports of these two core construction materials ...
James Whitehead
https://www.khmertimeskh.com/501564466/iron-and-steel-imports-up-nearly-60-percent/
Cambodia’s trade with RCEP countries reaches $22.92 billion in the first eight months of 2024, reflecting 17.2% growth
Cambodia’s trade volume with Regional Comprehensive Economic Partnership (RCEP) countries soared to 22.92 billion U.S. dollars in the first eight months of 2024, marking a 17.2% increase compared to 19.55 billion dollars during the same period last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501563595/cambodias-trade-with-rcep-countries-reaches-22-92-billion-in-the-first-eight-months-of-2024-reflecting-17-2-growth/
JETRO offers support to boost Cambodia’s exports
Japan External Trade Organization (JETRO) will strengthen cooperation with Cambodia’s Ministry of Commerce to help the Kingdom fully tap its export potential. ...
Manoj Mathew
https://www.khmertimeskh.com/501562662/jetro-offers-support-to-boost-cambodias-exports/
Cambodia’s GFT exports surge 23% in 8 months
Cambodia’s exports of garments, footwear and travel goods (GFT) surged by 23.33 percent in the first eight months of this year, compared to the same period last year, earning the country $9.08 billion, according to the latest trade data of the General Department of Customs ...
Manoj Mathew
https://www.khmertimeskh.com/501560375/cambodias-gft-exports-surge-23-in-8-months/
Cambodia, Indonesia trade to exceed $1.1 billion
Amid the rising economic cooperation between Cambodia and Indonesia, the bilateral trade volume in 2023 has increased by 15 percent while in the first six months of this year, it reached nearly $580 million, making it possible to surpass $1.1 billion by the end of ...
Nhean Chamrong
https://www.khmertimeskh.com/501559729/cambodia-indonesia-trade-to-exceed-1-1-billion/
China's Zhengzhou looks to invest in Cambodian rice for export
The Ministry of Agriculture, Forestry and Fisheries has announced that a delegation from Zhengzhou, the capital of China’s Henan province, has expressed interest in Cambodian products, including “high-quality and delicious rice”, and intend to process them for export to Chinese and international markets. ...
Cambodia seeks China’s assistance in establishing first FTZ
Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC) urged senior officials of the government of the People’s Republic of China (PRC) to collaborate in establishing the first free trade zone (FTZ) and also constructing more special ...
Nhean Chamrong
https://www.khmertimeskh.com/501558180/cambodia-seeks-chinas-assistance-in-establishing-first-ftz/
Cambodia, 2nd largest global exporter of cashews
During the first seven months of 2024, Cambodia has produced more than 830,000 tonnes of raw cashew nuts, up 36.7%, making it the world’s second largest cashew exporting country. ...
Khmer Times Staff
https://www.khmertimeskh.com/501558654/cambodia-2nd-largest-global-exporter-of-cashews/
More rice trade deals underway to expand markets
Cambodia is negotiating with some countries in the region on rice trade deals to expand the Cambodian rice market, said Cham Nimul, Minister of Commerce on Tuesday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501557391/more-rice-trade-deals-underway-to-expand-markets/
Phnom Penh Port’s August, 8-month revenue sees buoyant rise
State-owned Phnom Penh Autonomous Port’s revenue for August 2024 climbed 25 percent to $4.4 million from last year, amid buoyant growth in container TEUs and cargo volumes between January and August this year. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/phnom-penh-ports-august-8-month-revenue-sees-buoyant-rise
Cambodia-China trade enjoys robust growth in first eight months of 2024
Cambodia’s trade with China enjoyed robust growth of 24.5% in the first eight months of this year, said an official report released on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501556881/cambodia-china-trade-enjoys-robust-growth-in-first-eight-months-of-2024/
Cambodian rice exports find new markets in 9 countries
The President of the Cambodia Rice Federation (CRF) Chan Sokheang, stated that this year, Cambodia’s rice exports will expand into new markets, including several islands and nine additional countries, with most buyers purchasing fragrant rice. ...
Khmer Times Staff
https://www.khmertimeskh.com/501553650/cambodian-rice-exports-find-new-markets-in-9-countries/
Cambodia makes $305 mil from milled rice export in 8 months
Cambodia exported 412,023 tonnes of milled rice in the first eight months of this year, with a revenue of $305 million, the Cambodia Rice Federation said in a news release on Thursday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501554308/cambodia-makes-305-mil-from-milled-rice-export-in-8-months/
Trade between Cambodia, Thailand expected to hit $15 billion by 2025
Bilateral trade between Cambodia and Thailand is expected to reach $15 billion by 2025, said a release on Wednesday. ...
Mom Kunthea
https://www.khmertimeskh.com/501554126/trade-between-cambodia-thailand-expected-to-hit-15-billion-by-2025/
Philippines pledges to boost investment in Kingdom’s rice, pepper sector
The Philippines is committed to boosting investment in Cambodia’s rice and pepper sector for export to the Philippine market. ...
Chea Vanyuth
https://www.khmertimeskh.com/501554143/philippines-pledges-to-boost-investment-in-kingdoms-rice-pepper-sector/
PPSP suffers net loss in Q2’24 amid robust share buyback
The special economic zone owner-operator has recorded zero land sales in the second fiscal quarter with revenue down 82 percent. A share buyback is underway to raise the stock price, which has fallen nearly 20 percent since its IPO price. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/ppsp-suffers-net-loss-in-q224-amid-robust-share-buyback
Trade volume between Cambodia, Thailand is growing, Hun Sen says
Acting Head of State Hun Sen Tuesday expressed satisfaction with the growing trade volume between Cambodia and Thailand. ...
Mom Kunthear
https://www.khmertimeskh.com/501552502/trade-volume-between-cambodia-thailand-is-growing-hun-sen-says/
Cambodian economy stabilizing in 2024 with increased liquidity, exports
The Cambodian economy is demonstrating signs of an overall rebound in 2024, spurred by improving liquidity and improving export demand, says a recently released report, titled ‘Economic Snapshot and Outlook 2024’ by investment advisory firm, Mekong Strategic Capital (MSC). ...
James Whitehead
https://www.khmertimeskh.com/501549598/cambodian-economy-stabilizing-in-2024-with-increased-liquidity-exports/
Cambodia’s 1 million tonne rice export target within reach
One of the cardinal reasons behind the Royal Government of Cambodia’s (RGC) confidence to transform the Kingdom into a high-middle-income country by 2030 and a high-income country by 2050 stems essentially from the government’s ambition to boost rice exports to 1 million tonne by 2025. ...
Mom Kunthear
https://www.khmertimeskh.com/501547260/cambodias-1-million-tonne-rice-export-target-within-reach/