Cambodia’s Trade With ASEAN Rose To 15.69 Billion USD Last Year, Up 12.4 Percent

Cambodia’s Trade With ASEAN Rose To 15.69 Billion USD Last Year, Up 12.4 Percent

PHNOM PENH, Jan 21 (NNN-AKP) – Cambodia’s trade volume with its fellow ASEAN member countries, reached 15.69 billion U.S. dollars in 2024, up 12.4 percent from 13.96 billion dollars in the year before, said a Ministry of Commerce’s report, today.

The kingdom exported products totally worth 5.07 billion dollars to other ASEAN (the Association of Southeast Asian Nations) countries last year, up 7.6 percent from 4.71 billion dollars a year earlier, the report said.

Meanwhile, the country’s total import from its fellow ASEAN countries amounted to 10.62 billion dollars, up 14.8 percent from 9.25 billion dollars, it added.

Cambodia’s trade volume with ASEAN accounted for 28.3 percent of the kingdom’s total trade volume of 55.3 billion dollars in 2024, the report said.

Cambodia’s top five trading partners in ASEAN during the above-mentioned period were Vietnam, Thailand, Singapore, Indonesia and Malaysia, the report added.

Cambodian Prime Minister, Hun Manet, said that, the country stood as a vibrant partner within ASEAN, adding that, made-in-Cambodia products, such as garments and bicycles, were recognised in ASEAN and worldwide, for their quality and competitive pricing.

“Cambodia’s strategic membership in key regional and global trade agreements, including ASEAN and the World Trade Organisation (WTO), positions it as a highly integrated player within the dynamic global market,” he said.– NNN-AKP

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