PHNOM PENH: Cambodia’s agricultural sector is experiencing a surge in exports, according to a report by the General Directorate of Agriculture.
In the first three months of 2024, the country shipped a significant 6.1 million tonnes of agricultural products, a remarkable 56% increase compared to the same period in 2023.
This export boom has translated into substantial revenue growth. Cambodia earned a total of US$2.8 billion from agricultural exports, representing an 18% increase from the US$2.4 billion recorded during the first quarter of 2023.
Notably, non-rice agricultural products led the way, generating US$2.165 billion in export value. Rice and paddy rice exports also saw significant growth, reaching US$287 million and US$405 million, respectively.
Cambodia’s agricultural products are finding their way to a diverse range of markets. The report highlights China, Vietnam, Thailand, and Korea as the major importers, with exports reaching a total of 80 countries worldwide.
The success of the agricultural sector is prompting the Cambodian government to implement new strategic policies. The Royal Government aims to transition from family-based farming to a more commercialized approach.
This shift is intended to boost farmers’ income through the production and export of value-added agricultural products.
Prime Minister Hun Manet recently emphasized the importance of modernizing agricultural practices. He stated that the new policy aims to upgrade traditional methods and unlock Cambodia’s full agricultural potential.
“Agriculture remains a cornerstone of Cambodia’s economic development,” the Prime Minister said. “These new policies will further strengthen this sector and ensure that our farmers benefit more from their hard work.”