Cambodia Targets $400 Million Export Market for Cashew Nuts in China

• Proeksa Meas
• 21 March 2026
• Local News
• 1363 Views

Initial $35 million agreement for M23 in-shell variety signals strategic expansion of agricultural ties and trade investment

The Ministry of Commerce has announced a landmark plan to significantly scale up the export of in-shell cashew nuts to the Chinese market, aiming for a future trade value of approximately $400 million. This ambitious target follows the signing of a strategic Memorandum of Understanding (MoU) during a high-level meeting at the Ministry of Commerce in Phnom Penh on Wednesday, March 11, 2026.

The agreement, titled Supply Contract of Cambodian Cashew Nuts, was formalized between Cambodia’s Men Sarun MDR Co., Ltd. and the China Bonded Port Group Co., Ltd.. Under this new framework, Cambodia will initially export M23-type in-shell cashew nuts with an estimated value of 35 million dollars in the first phase, serving as a gateway for much larger trade volumes as the cooperation matures.

His Excellency Samheng Bora, Secretary of State at the Ministry of Commerce and Chairman of the Export Promotion Task Force (EPTF), presided over the signing ceremony during a visit from a Chinese business delegation led by Mr. Jiang Xiaofei, Director of the Overseas Enterprise Expansion Working Committee of the China Institute for Innovation and Development Strategy (CIIDS). The discussions focused on enhancing bilateral economic, trade, and investment cooperation, particularly exploring potential avenues to boost the export of Cambodian agricultural products to the Chinese market.

During the meeting, officials emphasized the importance of strengthening the agro-industry sector and its value chains, which are considered vital drivers of Cambodia’s sustainable economic development. The achievement is attributed to the active coordination and business-matching efforts of the EPTF, which plays a central role in connecting Cambodian exporters with potential international buyers.

Beyond the immediate financial impact, the Ministry of Commerce expects this partnership to send a strong positive signal to attract further Chinese investment into the Kingdom’s agricultural sector and promote the broader expansion of high-quality products like the M23 variety globally. This strategic agreement underscores the growing economic synergy between the two nations under various trade and development frameworks.

• Business and Market
• cashew
• MoC
• Import-Export