PHNOM PENH: Cambodia exported goods worth approximately US$23.93 billion during the first eleven months of 2024, up 16.8 percent from US$20.49 billion recorded in the same period last year, a report from the General Department of Customs and Excise of Cambodia showed on Tuesday.
From January to November, the Kingdom of Cambodia imported US$25.94 billion worth of goods from foreign markets, a year-on-year increase of 17.9 percent, read the report.
Data showed that Cambodia’s total trade volume reached over US$49.87 billion, up 17.4 percent from US$42.5 billion during the same period last year.
US, Vietnam, China, and Japan, are Cambodia’s biggest markets during the period, with a trade value of $9,068 million, $3,298 million and $1,607 million, and $1,272 million, respectively.
Cambodia’s Free Trade Agreement with China and Korea and the Regional Comprehensive Economic Partnership (RCEP) have contributed to the rise in trade, the ministry’s Secretary of State and Spokesman H.E. Pen Sovicheat said.
“RCEP and the Cambodia-China Free Trade Agreement (CCFTA) have given a significant boost to the trade growth,” he said.
Cambodia’s main export products are garments, machinery, electrical equipment, footwear products, leather goods, grain, furniture, rubber, fruits, vegetables, pearls, toys and textiles, while Cambodia’s major imports include medicines and supplements, consumables and food and beverages.