News
GDCE: Tax revenue reduction offset by investment
Cambodia is a signatory to 10 free trade agreements (FTA) which cost the Kingdom over $400 million in lost tax revenue each year. This is nonetheless recovered by the growth of investment and export markets, said the General Department of Customs and Excise of Cambodia ...
Van Socheata
https://www.phnompenhpost.com/business/gdce-tax-revenue-reduction-offset-investment
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/
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/
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/
Furniture exports decrease by almost 29% on-year to $164M in January-April
Cambodia earned $164.111 million from the export of “furniture, lighting signs, prefabricated buildings” in the first four months of 2023, down 28.82 per cent year-on-year from $230.544 million and down 52.01 per cent half-on-half (compared to July-October 2022) from $341.97 million, according to provisional Customs ...
Hin Pisei
https://www.phnompenhpost.com/business/furniture-exports-decrease-almost-29-year-164m-january-april
Jan-Apr rubbers exports bounce up 38%: GDCE
Cambodia earned $206.728 million from the export of “rubber and articles thereof” in the first four months of 2023, up 38.0 per cent year-on-year from $149.808 million and up 22.7 per cent half-on-half (compared to July-October 2022) from $168.5 million, according to provisional Customs (GDCE) ...
Hin Pisei
https://www.phnompenhpost.com/business/jan-apr-rubbers-exports-bounce-38-gdce
Tax agency asks Japan to fast-track DTA talks
The Cambodian tax chief on May 29 asked Tokyo to speed up talks on a Double Taxation Agreement (DTA) between the Kingdom and Japan, as Customs (GDCE) reported that their bilateral goods trade closed 2022 just shy of $1.95 billion, achieving a nearly one-eighth surge ...
Hin Pisei
https://www.phnompenhpost.com/business/tax-agency-asks-japan-fast-track-dta-talks
Cambodia’s international trade declines 14.1%
Cambodia’s international trade stood at $15.16 billion for January to April this year, a decline of 14.1 percent, compared to the same period last year, according to the trade data released by the General Department of Customs and Excise (GDCE) yesterday. ...
Manoj Mathew
https://www.khmertimeskh.com/501288366/cambodias-international-trade-declines-14-1/
Q1 Canada trade dips 22% despite March rebound
The merchandise trade volume between Cambodia and Canada reached $192.720 million in the first quarter of 2023, making the world’s ninth largest economy the Kingdom’s 10th biggest trading partner for the three-month period, according to Customs (GDCE). ...
Hin Pisei
https://www.phnompenhpost.com/business/q1-canada-trade-dips-22-despite-march-rebound
GDT, GDCE revenues top $1.9B, pass 30% of 2023 goal
The finance ministry’s taxation and customs departments collectively netted $1.908 billion in revenues in the first quarter of 2023, marking just over 30 per cent of the full-year target, official figures show. ...
Hin Pisei
https://www.phnompenhpost.com/business/gdt-gdce-revenues-top-19b-pass-30-2023-goal
Cambodia’s exports 8 percent down in first two months, commerce ministry wants to reassure
Cambodia sees a fall in exports in the first two months of 2023, down 8.6 percent compared to the same period last year. It is, however, not a worrying sign, the Commerce Ministry said. ...
Teng Yalirozy
https://cambodianess.com/article/cambodias-exports-8-percent-down-in-first-two-months-commerce-ministry-wants-to-reassure
Cambodia’s trade valued at over $6.8 billion in first two months
The total trade volume between Cambodia and other countries around the world reached more than $6.8 billion in the first two months of 2023, down 21.8 percent when compared to the same period last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501254157/cambodias-trade-valued-at-over-6-8-billion-in-first-two-months/
GDCE reviews efficacy of trade facilitations
The General Department of Customs and Excise (GDCE) at a meeting on Tuesday with representatives of ministries, technical officials and members of express delivery companies discussed priorities, like the promotion of the cross-border e-commerce sector, use of risk management mechanisms, enhancing the effectiveness of tax ...
Hong Sovannary
https://www.khmertimeskh.com/501247700/gdce-reviews-efficacy-of-trade-facilitations/
Cambodia-India trade reaches $37M in January
In January 2023, the bilateral trade between Cambodia and India amounted to $37 million, according to the General Department of Customs and Excise’s report. ...
Chea Vanyuth
https://www.khmertimeskh.com/501243610/cambodia-india-trade-reaches-37m-in-january/
Cambodia’s 2022 exports valued at more than $22 billion
The export volume of Cambodia for the past year was valued at $22.44 billion, while import reached $25.46 billion. ...
Khmer Times Staff
https://www.khmertimeskh.com/501233389/cambodias-2022-exports-valued-at-more-than-22-billion/
Trade with Malaysia soars 23% to $620M in 2022
The merchandise trade volume between Cambodia and Malaysia totalled $620.373 million in 2022, rising by 23.33 per cent over a year earlier, with Cambodian exports accounting for a 18.03 per cent share, down by 2.11 percentage points on a yearly basis, according to the General ...
Hin Pisei
https://www.phnompenhpost.com/business/trade-malaysia-soars-23-620m-2022
Cambodian exports to Canada up 17% in 2022
The Cambodia-Canada merchandise trade in 2022 was valued at $1.154 billion, soaring by 16.06 per cent over 2021, while the Kingdom’s exports to the second largest economy of the Americas accounted for 97.07 per cent, edging up by 1.08 percentage points on-year, according to the ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodian-exports-canada-17-2022
Tax break for textile-linked industries to stay till 2025
The government has extended a suspension of “advance income tax” until the end of 2025 for eligible textile-related enterprises, a good deal of which have been hurt by a drop in orders as a result of global economic headwinds linked to the ongoing Ukraine crisis. ...
May Kunmakara
https://www.phnompenhpost.com/business/tax-break-textile-linked-industries-stay-till-2025
Cambodia’s goods exports to US rise nearly a quarter on-year to $8.2B
Cambodia and the US traded goods worth $8.510 billion in the first 11 months of 2022, marking gains of 21.79 per cent on-year, with Cambodian exports to the world’s largest economy accounting for a 96.56 per cent share, according to the General Department of Customs ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodias-goods-exports-us-rise-nearly-quarter-year-82b
Demand dip drives down int’l rubber sales by 9%
Cambodia netted more than $348 million from the export of rubber latex and wood in the first nine months of 2022, falling by nine per cent year-on-year due to downward pressure on global demand, especially from China and Europe, the latter of which has seen ...
May Kunmakara
https://www.phnompenhpost.com/business/demand-dip-drives-down-intl-rubber-sales-9
Cambodia, UK reaffirm ties as trade surges 44%
Cambodia and the UK have pledged to further boost trade cooperation after January-August bilateral trade soared more than two-fifths compared to the same period last year. ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-uk-reaffirm-ties-trade-surges-44
Cambodia, Singapore vow to ramp up cooperation
Cambodia and Singapore have pledged to step up cooperation to bolster bilateral trade, after registering more than $5.2 billion last year, marking a nearly 50 per cent jump over 2020. ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-singapore-vow-ramp-cooperation
Malaysia trade surges by over one-third in Jan-Apr
Bilateral trade between Cambodia and Malaysia was worth $205.2 million in the first four months of 2022, surging by over one-third from nearly $152.9 million from the corresponding period last year, according to Customs. ...
Hin Pisei
https://www.phnompenhpost.com/business/malaysia-trade-surges-over-one-third-jan-apr
Cambodia-Vietnam trade grows 13.6% in Q1
Bilateral trade between Cambodia and Vietnam totalled $1.72205 billion in the first quarter of 2022, representing a 13.6 per cent increase from the $1.5153 billion recorded in the corresponding period last year, according to Customs. ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-vietnam-trade-grows-136-q1