PHNOM PENH, May 10 (NNN-AKP) – Cambodia exported products worth eight billion U.S. dollars, in the first four months of 2024, up 15.2 percent from 6.94 billion dollars, over the same period last year, said a General Department of Customs and Excise’s report, released today.
Major exported products included garment, footwear, and travel goods, bicycles, and potential agricultural produce, such as rice, rubber, cassava, bananas, mangoes, and longans.
The top five export destinations are the United States, Vietnam, China, Japan, and Thailand, the report added.
Meanwhile, the kingdom reported a total import of 8.66 billion dollars, during the Jan-Apr period this year, up 9.3 percent from 7.92 billion dollars, over the same period last year, the report said.
Key imported goods included petroleum, raw materials for garment, footwear and travel goods, vehicles, machinery, electronic appliances, and consuming products, among others, it added.
Cambodian Ministry of Commerce’s Secretary of State and Spokesperson, Penn Sovicheat, said, the Regional Comprehensive Economic Partnership (RCEP) agreement and the Cambodia-China Free Trade Agreement (CCFTA) had added strong momentum to the country’s trade growth.
“Both RCEP and CCFTA have served as catalysts for our long-term and sustainable trade growth and the two trade pacts are also a magnet to attract more foreign direct investments to Cambodia,” he said.
“With preferential tariffs provided by RCEP and CCFTA, our trade growth will undoubtedly continue to rise throughout this year and beyond,” he added.
RCEP comprises 15 Asia-Pacific countries, including the 10 ASEAN member states, and their five trading partners, namely China, Japan, South Korea, Australia and New Zealand.– NNN-AKP
