Cambodia Records USD 505m in Iron & Steel Imports, Showing Gradual Recovery of Construction Sector

Cambodia imported iron and steel products worth USD 505 million in the first ten months of 2024, a significant 65% increase compared to USD 305 million during the same period in 2023.

Data from the General Department of Customs and Excise (GDCE) revealed that imports for October 2024 alone reached USD 52.5 million, marking a 105% rise from USD 25.4 million in October 2023.

Iron and steel accounted for 2.2% of Cambodia’s total imports, which were valued at approximately USD 23.4 billion, as reported on 12 November 2024.

This surge in iron and steel imports signals a gradual recovery in Cambodia’s construction sector, reflecting increased demand for materials critical to infrastructure and real estate development. Analysts view this trend as an indicator of renewed confidence and activity in the country’s construction market, with potential for further growth in the near future.

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