The Kingdom’s total imports rose by 15.4 percent during the same period to $19.05 billion.
The US remains the biggest market for Cambodian products, with 43 percent of the Kingdom’s total exports or $5.69 billion, a 47.3 percent year-on-year increase, the report underlined. The spike in exports to the US is remarkable considering the still pending renewal of the Generalized System of Preferences (GSP).
Vietnam and China were ranked second and third, importing $1.32 billion and $701 million worth of products from Cambodia, respectively, it added.
Meanwhile, China remained the largest trading partner of Cambodia, followed by the US, Vietnam, Thailand and Singapore, the report said.
Trade volume between Cambodia and China was valued at $6.97 billion in the first seven months of 2022, up 15.6 percent year-on-year.
The report noted that trade with China accounted for 21 percent of Cambodia’s total trade volume of 32.8 billion dollars during the January-July period.
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Author: Manoj Mathew
Source: Khmer Times
August 16, 2022
