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 of imports and exports moving in and out of Cambodia reached $10.09 billion between January and September, an increase of 20 percent. Imports to the country rose 25 percent to $6.04 billion, while exports grew 13 percent to $4.04 billion in most parts thanks to an uptick in garments going to the U.S. and Europe. …
