PHNOM PENH: Cambodia’s exports were valued at US$3,895 million in the first two months of this year, a 22.7 percent increase compared to the same period in 2023, pointed out a report of the General Department of Customs and Excise of the Ministry of Economy and Finance.
Cambodia’s top two export destinations were the U.S. and Vietnam, with shipments worth US$1,295 million, up 14.8 percent, and US$801 million, up 63.2 percent, respectively.
Main products Cambodia exported included apparel, footwear, travel goods, bicycles, and a number of agricultural goods such as rice, rubber, cassava, bananas and mangoes.
Cambodia’s international trade volume has grown steadily despite the war crisis, H.E. Penn Sovicheat, Secretary of State and Spokesperson of the Ministry of Commerce said during a press meeting held last week.
“Despite the war crisis and weakening of the purchasing power, the orders remained high, with the volume of orders remaining unchanged. There was a decline of orders on some items, but an increase on other items,” he said.
Garment, footwear and travel goods industry is the largest foreign exchange earner for Cambodia. The sector consists of roughly 1,300 factories and branches, employing about 840,000 workers, mostly female. At the same time, the Kingdom’s imports rose by 16 percent to US$4,135 million.