Cambodia’s Exports Surge by 16%, Reaching Nearly USD 22 Billion in 2024

• 2 December 2024
• Local News
• 587 Views

Cambodia recorded a remarkable export performance in the first 10 months of 2024, with international shipments valued at nearly USD 22 billion, representing a 16% growth compared to the same period in 2023. The Ministry of Information highlighted these figures on 13 November 2024, showcasing the country’s expanding global trade footprint.

The United States remained Cambodia’s largest export destination, accounting for over USD 8.2 billion of the total exports. Exports to China exceeded USD 1.4 billion, reflecting a 21.1% increase, while shipments to Japan surpassed USD 1.1 billion, marking an 18% rise. The nation’s diverse export portfolio includes garments and accessories, machinery, electrical equipment, rubber products, and various agricultural commodities.

On the import side, Cambodia demonstrated robust activity as well. Imports from Vietnam reached USD 3.4 billion, a 14.5% year-on-year increase. Meanwhile, Cambodia exported USD 2.9 billion worth of goods to Vietnam, representing an impressive 32.1% growth. Major imports included minerals, fuels, refined products, machinery, and electrical components, critical for the country’s development initiatives.

These achievements underscore Cambodia’s resilience and growing role in the international trade arena, signalling positive economic recovery and sustained momentum in global markets.

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