Cambodia Sees 59% Surge in Iron and Steel Imports, Totalling Over USD404M in 2024

• 19 September 2024
• Local News
• 193 Views

Cambodia’s iron and steel imports soared by 59.2% in the first eight months of 2024, with the country importing more than USD404 million worth of these materials, a substantial increase from just over USD254 million during the same period in 2023.

These figures were reported by the General Department of Customs and Excise on 10 September 2024.

In August alone, iron and steel imports reached USD51 million, a notable 35.1% rise compared to the same month last year. These imports accounted for approximately 2.1% of Cambodia’s total imports during the first eight months of 2024, reflecting the country’s growing demand for construction materials as infrastructure development continues at a rapid pace.

The steady rise in iron and steel imports is indicative of Cambodia’s expanding construction sector, which remains one of the key drivers of economic growth.

• Business and Market
• Economy and Finance