Cambodia’s Trade Volume with RCEP Surges to Nearly USD 23bn in 8-Month Period, Up 17%

• Sommana Yan
• 9 October 2024
• Uncategorized
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Cambodia’s trade relations with the Regional Comprehensive Economic Partnership (RCEP) witnessed substantial growth in the first eight months of 2024, reaching an impressive USD 22.92 billion, a 17.2% increase compared to the USD 19.55 billion recorded during the same period last year.

This spike in trade highlights Cambodia’s deepening economic integration with RCEP member countries, which accounted for 62% of the nation’s total trade volume of USD 36.94 billion, according to the General Department of Customs and Excise, as published by the Ministry of Information on 1 October 2024.

The RCEP, the world’s largest free trade agreement, encompasses 15 member nations, including 10 ASEAN countries such as Cambodia, Thailand, and Singapore, along with key economic partners like China, Japan, and South Korea. Since its implementation on 1 January 2022, the RCEP has played a crucial role in boosting trade flows, driving economic growth, and enhancing market accessibility for Cambodia.

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