Cambodia’s international trade valued at over $11 billion in Q1

PHNOM PENH: The total trade volume between Cambodia and its partners around the world reached more than US$11 billion in the first three months of 2023, down 14.5 percent if compared to the same period last year.

Figures from the General Department of Customs and Excise at the Ministry of Economy and Finance showed that Cambodia exported nearly US$5.4 billion worth of products to foreign markets, a year-on-year decline of 5.7 percent. At the same time, the Kingdom's imports saw a decrease of 21.3 percent to almost US$5.8 billion.

Cambodia's largest markets during the said period were China, Vietnam, Singapore, Thailand, Indonesia, China's Taiwan and Hong Kong, Japan, South Korea, and Malaysia. The main exported items include garments, footwear, travel goods, bicycles, rice, electrical equipment, rubber, furniture, and vegetables and fruits.

The country imported mostly raw materials, construction materials, automobiles, pharmaceutical products, electronics and electrical equipment, fertilizers, and pesticides.

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