Cambodia’s Trade Volume Surges Past USD55 Billion in 2024

• Sommana Yan
• 3 March 2025
• Local News
• 1983 Views

In a remarkable display of economic growth, Cambodia’s trade volume surpassed USD 55 billion in 2024, marking a substantial increase compared to the previous year. This data comes from the latest export-import trade report released by the General Department of Customs and Excise of Cambodia, reflecting a robust and favorable trajectory for the nation’s economy.

The report highlights that in 2024, Cambodia’s import trade volume reached approximately USD 28.5 billion, an 18% rise from 2023. The surge in imports can be attributed to several key sectors, including steel products, raw materials, and machinery essential for investment projects, alongside construction materials, vehicles, and various consumer goods.

On the export side, Cambodia reported a trade volume of around USD 26.5 billion, demonstrating a notable increase of 15.8% compared to the prior year. The garment sector led the charge with a remarkable 23.3% growth in garment investment products. Non-garment investment products, such as tires, electronic components, and processed foods, saw a modest increase of 2.6%, while agricultural exports—which include essential items like rice, rubber, and cashew nuts—grew by 11.6%.

Furthermore, the General Department of Customs and Excise reported tax and excise revenue of 10,542.2 billion riels, equivalent to approximately USD 2.6 billion, reflecting a 13.8% increase from 2023. This income plays a critical role in supporting public services and infrastructure development.(Read more)

These impressive trade figures highlight Cambodia’s economic resilience and its emerging role as a significant player in global markets. As the nation forges ahead in expanding its trade relations and enhancing its manufacturing capabilities, the economic outlook remains optimistic, paving the way for sustained growth in the years to come.

• Business and Market
• Economy and Finance