PHNOM PENH, Jul 21 (NNN-AKP) – Cambodia’s trade with its fellow ASEAN member countries, hit 7.96 billion U.S. dollars, during the first half of 2024, up 11.6 percent from 7.13 billion dollars over the same period, last year, said a report from the Ministry of Commerce, yesterday.
The kingdom exported products worth 2.68 billion dollars to other ASEAN countries, during the Jan-Jun period this year, up eight percent from 2.48 billion dollars over the same period last year, the report said.
Meanwhile, the country’s import from its fellow ASEAN countries was valued at 5.28 billion dollars, up 13.5 percent from 4.65 billion dollars, it added.
The report said, Cambodia’s trade volume with ASEAN accounted for 30.2 percent of its 26.3-billion-dollar total trade volume, during the first half of this year.
The country’s top five trading partners in ASEAN are Vietnam, Thailand, Singapore, Indonesia, and Malaysia, the report added.
Cambodian Prime Minister, Hun Manet, said, the country stood as a vibrant partner within ASEAN.
“Cambodia’s strategic membership in key regional and global trade agreements, including ASEAN and the World Trade Organisation, positions it as a highly integrated player within the dynamic global market,” he said in a recent speech.
He added that, made-in-Cambodia products, encompassing garments and bicycles, are currently recognised in ASEAN and worldwide, for their quality and competitive pricing.
Cambodian Ministry of Commerce’s Secretary of State and Spokesperson, Penn Sovicheat, said, the kingdom has seen a rise in the exports of garments and textiles, solar panels, electronics, and agricultural products, such as, milled rice and cashew nuts to ASEAN, during the first half of this year.– NNN-AKP
