SHV Autonomous Port Generates Over US$35m in Four Months, Up 24%

In the first four months of 2024, Sihanoukville Autonomous Port earned over US$35 million from its import and export operations, handling more than 3 million tons of goods. This marks a significant 24.40% revenue increase compared to the same period in 2023. This data was reported by Mr. Thai Rithy, Deputy Director General of Sihanoukville Autonomous Port Corporation, on 5 June 2024.

Mr. Rithy detailed that from January to April 2024, the port facilitated the import of 2,334,627 tons of goods and the export of 756,566 tons, culminating in a total volume exceeding 3 million tons—an increase of 26.96% over last year. This impressive growth underscores the port’s crucial role in Cambodia’s economic expansion, serving as a key conduit for international trade.

Additionally, Mr. Rithy highlighted the ongoing development of a new deep-water container port. Currently, in the soil testing phase, this project features a planned length of 350 metres and a depth of 14.5 metres. Initiated on 22 December 2023, the project is approximately 2% complete and is slated for completion by late 2026 or early 2027. This new facility is expected to further enhance the port’s capacity and efficiency, solidifying its status as a pivotal hub for regional commerce.

- Video Advertisement -

Related Post

Cambodia-ASEAN Trade Volume to Exceed USD 14 Billion in 2024

In 2024, the trade volume between Cambodia and ASEAN member countries surpasses USD 14.3 billion, marking a significant increase of 12.8% compared to the same period in 2023. This data comes from a recent report by the Ministry of Commerce. According to the report, Cambodia’s exports to ASEAN countries amounted to over USD 4.620 million, […]

Cambodia’s Steel Imports Surge by Nearly 70% in 2024

The construction sector in Cambodia is experiencing significant growth, as evidenced by the substantial increase in steel imports. In 2024, Cambodia imported over USD 631 million worth of steel, marking a remarkable 69.6 percent rise compared to the previous year’s imports of just over USD 372 million. This data was reported by the General Department […]

Cambodia and Korea Strengthen Economic Partnership in 2024

The bilateral trade volume between Cambodia and the Republic of Korea has surged to USD 762 million by the end of 2024, marking an impressive increase of 11.49 percent compared to the previous year, according to a report from the Ministry of Commerce. Cambodia’s exports to Korea have reached USD 288 million, reflecting a robust […]

Evercore Focuses on Clean Energy Investment in Cambodia

The Global investment banking firm Evercore is interested in investing in Cambodia’s clean energy sector. During a meeting on January 8, 2025, between Prime Minister Hun Manet and Evercore Asia President Keith Magnus, the firm also expressed interest in the country’s emerging sectors, including energy, health, and tourism. Magnus emphasized Evercore’s operations and its intention […]

Cambodia Set to Make Waves in Cashew Production in 2024

In an exciting development for the agricultural sector, Cambodia produced an impressive 850,000 tons of cashew nuts in 2024, marking a remarkable 26% increase compared to last year. The news comes from the Cambodian Cashew Association, highlighting the nation’s growing prominence in the global market. With exports projected to exceed USD 1.1 billion, the cashew […]

Kampot Tourism Port, in collaboration with Virak Buntham, has launched a high-speed cruise boat service in Cambodia

The Kampot International Tourist Port, operated by KITP Development Co., Ltd., a subsidiary of AZ Group, has partnered with Virak Buntham to offer high-speed boat tours to neighboring countries. This partnership was formalized during a signing ceremony on January 6, 2025. According to Neak Oknha, the collaboration aims to attract 500,000 national and international tourists […]