Cambodia’s Exports Surge to Nearly US$12bn Under New Government within Six Months

• Sommana Yan
• 26 March 2024
• Uncategorized
• 1658 Views

Cambodia’s export trade has soared to impressive heights under the leadership of the new government, with a remarkable trade volume of US$11.8 billion recorded from September 2023 to February 2024. This figure reflects a substantial increase of 16.57% compared to the corresponding period last year. PM Samdech Hun Manet disclosed these statistics during the plenary session of the Council of Ministers on 15 March 2024.

In addition, Cambodia’s international trade witnessed a robust performance in the initial two months of 2024 alone, with trade exceeding US$8 billion. This notable achievement reflects a substantial growth rate of nearly 20% compared to the corresponding period in 2023.

Among Cambodia’s key trading partners, China emerged as the top partner, followed closely by Vietnam and the United States, with trade reaching US$2.1 billion, marking a notable 29% increase. (Read more)

Moreover, the new government has made significant strides in attracting investment, with 173 new investment expansion and investment projects initiated during the first six months of its tenure. These projects represent a total investment of US$4.15 billion and have contributed to the creation of 170,000 job opportunities, underscoring the government’s commitment to fostering economic growth and prosperity. (Read more)

• Business and Market
• Economy and Finance