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.

- Video Advertisement -

Related Post

Cambodia Government Facilitates Import Exemptions for Construction Projects

In a significant move to boost investment in the construction sector, the Cambodian government has announced a new procedure to exempt imports of construction materials from customs duties, special taxes, and state-paid value-added tax. This initiative targets investment projects registered with the Capital-Provincial Investment Subcommittee and is detailed in Inter-Ministerial Prakas No. 070 S.H.O.P.R.K, issued […]

Philippines Investors Eye Cambodian Rice Imports

In a significant step towards bolstering agricultural trade, Arvin International Marketing Inc., a leading Philippines company, has expressed a keen interest in importing high-quality rice from Cambodia. This announcement follows a meeting between Her Excellency Chamnimol, Cambodia’s Minister of Commerce, and Mrs Azucena L. Yao, Chairman of the Board of Directors of Arvin International, held […]

Australian Business Delegation Eyes Investment in Key Sectors of Cambodia

In a significant move to bolster economic cooperation, a delegation from the Australian Business Association has announced plans to invest in four pivotal sectors in Cambodia: trade, mining, ports, and agricultural technology. This initiative aims to enhance bilateral relations and support the country’s economic growth. During a high-profile meeting held in Sydney on February 17, […]

Cambodia’s Stone Processing Industry Flourishes with USD 90 Million Revenue in 2024

In a noteworthy development for Cambodia’s economy, the stone processing sector has emerged as a significant contributor, generating an impressive USD 90 million in revenue in 2024. This remarkable achievement highlights the industry’s growth potential and its critical role in the national budget. As the Ministry of Information reported on February 16, 2025, Cambodia currently […]

Chinese Investors Eye Investment Opportunities in Cambodia

In a significant move aimed at fostering economic collaboration, Lok Nak Oknha Pung Khea Se, Chairman of the Cambodia Contractors Association, led a delegation of 18 Chinese investors from Ningbo, Zhejiang Province, to meet with H.E. Chea Vuthy, Secretary-General of the Committee for Investment of Cambodia. The discussion focused on exploring various investment opportunities within […]

Cambodia’s Small and Medium Enterprises Flourish in 2024

In a promising development for Cambodia’s economy, the Ministry of Industry, Science, Technology, and Innovation has reported significant growth in the country’s small and medium enterprises (SMEs) within the industrial sector. As of 2024, nearly 1,300 SMEs have registered, indicating a robust entrepreneurial spirit within the nation. According to the recent report on the ministry’s […]