Cambodia’s Steel Imports Surge in Early 2025

Cambodia’s steel imports significantly rose in the first quarter of 2025, with the nation importing iron and steel valued at USD217 million. This marks a remarkable 75% increase compared to USD124 million during the same period last year.

According to a report released on 10 April by the General Department of Customs and Excise, iron and steel imports accounted for 2.9% of Cambodia’s total imports, which reached USD 7,573 million in the first three months of the year. Notably, March saw iron and steel imports hit USD 72 million, reflecting a dramatic 90% increase from USD 37 million in March 2024.

The Asian Development Bank’s (ADB) latest Outlook, published on 9 April, forecasts a robust 6.1% economic growth for Cambodia in 2025, followed by 6.2% in 2026. This growth is anticipated to be driven by rising external demand for manufactured goods and a continued recovery in the tourism sector. (Read more)

Construction and real estate sectors are expected to recover gradually, buoyed by heightened industrial activities and ongoing residential development projects. However, it’s worth noting that the real estate market may experience a slower recovery due to decreased foreign investments.

As Cambodia’s economy rebounds, the surge in steel imports underscores the growing activity within the construction industry, hinting at a positive outlook for the country’s future development.

- Video Advertisement -

Related Post

Cambodia’s Banana Exports Flourish as China Remains Top Market

In a significant boost to its agricultural sector, Cambodia exported a remarkable 260,000 tons of fresh bananas in 2024, with a staggering 95% of this yield headed for the Chinese market. This surge in banana exports highlights Cambodia’s growing influence in the international agricultural arena. As of now, Cambodia boasts 21,000 hectares dedicated to yellow […]

Strengthening Support for Informal Economy Workers in Cambodia

On May 26, 2025, a significant partnership was established between the Cambodian Ministry of Labor and Vocational Training and the Japan International Labor Fund (JILAF) with the signing of a Memorandum of Understanding in Tokyo, Japan. This collaboration aims to bolster the livelihoods of workers in Cambodia’s informal economy through enhanced vocational training and support […]

Cambodia and Australia Strengthen Ties with Investment and Trade Commitment

In a significant step towards enhancing bilateral relations, Cambodia and Australia have pledged to explore new strategies for expanding investment and trade cooperation. This commitment was solidified during a meeting held on May 19, 2025, between His Excellency Hun Manet, Prime Minister of Cambodia, and Ms. Frances Adamson, Premier of South Australia. The discussions highlighted […]

Cambodia and Laos Forge Stronger Agricultural Ties to Expand Mango Exports

In a significant move to enhance agricultural trade, Cambodia and Laos have reached an agreement to boost the export of Cambodian mango products to third countries via Laos’ high-speed rail system. This announcement was made during an official visit from April 30 to May 3, 2025, where H.E. Dith Tina, Cambodia’s Minister of Agriculture, met […]

AEON Breaks Ground on USD 46 Million Shopping Mall in Vietnam

  In a strategic move amidst the global economic downturn, Japanese retail giant AEON is strengthening its presence in Vietnam with the groundbreaking of a new shopping mall. On April 19, 2025, AEON Vietnam commenced construction on the AEON HAI DUONG shopping mall in Hai Duong province, located just north of Hanoi. The project has […]

Malaysia Bets on USD 250 Million Deal to Train 10K Semiconductor Specialists to Spark Homegrown Chip Design Revolution

Malaysia has sealed a landmark USD 250 million semiconductor partnership with UK-based Arm Holdings, granting the Southeast Asian nation access to Arm’s advanced intellectual property as it aims to shift from a manufacturing-based economy to a high-value design and innovation hub in the global chip supply chain. The agreement, formally signed on 5 March 2025 […]