Cambodia-US Trade Volume Surges to US$626m, Nearly 8% Increase, in January 2024

• 2 March 2024
• Property Focus
• 1614 Views

In a significant leap forward for bilateral trade relations, Cambodia and the United States witnessed a 7.74% increase in their trade volume, reaching an impressive US$626 million in January 2024, up from US$581 million in the same month the previous year. This notable growth was highlighted by HE Buon Sarak Mony, Secretary of State of the Ministry of Commerce (MoC), during a meeting with the US-ASEAN delegation on 29 February 2024.

The gathering aimed to fortify the economic ties between the two nations and explore avenues for enhancing the investment and business operations of US companies in Cambodia. Among the attendees were representatives from 17 leading global corporations, including giants such as Abbott, ADM, Chevron, ConocoPhillips, Estée Lauder Companies, FedEx Express, Ford, Jhpiego, Manulife, Mastercard, Meta, Pfizer, Philip Morris International, RMA Group, Roche, Tilleke & Gibbins, and Visa. These companies’ participation underscores the diverse and robust interest in Cambodia’s market potential.

On this occasion, Cambodian officials took the opportunity to introduce American businesses to supportive policies aimed at bolstering the local business community. Noteworthy among these initiatives is the launch of the CCF App and a dedicated Call Centre, designed to streamline access to various services for the public and enhance the business environment in Cambodia.

• Business and Market
• Cooperation and networking