News

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/

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

Customs collected nearly $600 million in revenue in the first quarter of this year

The General Department of Customs and Excise of Cambodia (ACC) collected 2,428.6 billion Riels, equivalent to $597.6 million or approximately 23.2percent of the plan set by the Financial Law for 2022 management. ...

Khmer Times Staff
https://www.khmertimeskh.com/501059681/customs-collected-nearly-600-million-in-revenue-in-the-first-quarter-of-this-year/

Cambodia logs over $84M of iron, steel imports in Q1

Cambodia has imported iron and steel worth over $84 million in the first quarter of 2022 – an increase of over three per cent compared to the same period last year, according to the General Department of Customs and Excise (GDCE). ...

Hom Phanet
https://www.phnompenhpost.com/business/cambodia-logs-over-84m-iron-steel-imports-q1-0

Effective jab drive boosts Cambodia’s Q1 int’l trade

The first quarter of 2022 clocked over $13 billion in international trade, nine per cent more than last year, with exports jumping 25.7 per cent year-on-year. ...

Hin Pisei
https://www.phnompenhpost.com/business/effective-jab-drive-boosts-cambodias-q1-intl-trade

‘Digital link’ between post, customs launched

Swisscontact, on behalf of the World Trade Organisation’s (WTO) Global Alliance for Trade Facilitation (GATF), on February 8 launched a new e-trade portal project in partnership with two Cambodian government institutions – the General Department of Customs and Excise (GDCE) and Cambodia Post. ...

May Kunmakara
https://www.phnompenhpost.com/business/digital-link-between-post-customs-launched

Customs launches mobile app for this year

The General Department of Customs and Excise of Cambodia (GDCE) has launched a mobile app of the Cambodia Customs Tariff for 2022 to make it easier for businesspeople to calculate import duties and taxes, and identify goods by category and restriction status. ...

Hom Phanet
https://www.phnompenhpost.com/business/customs-launches-mobile-app-year

Ministry, Swisscontact ink MoU on SME e-commerce

The Ministry of Commerce and Swisscontact, representing the Global Alliance for Trade Facilitation (GATF), are teaming up on a project to make it easier for small- and medium-sized enterprises (SME) to ship and receive small parcels internationally, according to the ministry. ...

May Kunmakara
https://www.phnompenhpost.com/business/ministry-swisscontact-ink-mou-sme-e-commerce

Settle vehicle import taxes owed by Dec 31: customs

The General Department of Customs and Excise of Cambodia (GDCE) on December 1 reiterated a call on owners of left-hand drive vehicles who have yet to pay any applicable import taxes or related fees due to do so before December 31, in order to benefit ...

Nov Sivutha
https://www.phnompenhpost.com/business/settle-vehicle-import-taxes-owed-dec-31-customs

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