Cambodia's int'l trade up 12.7 pct in H1 2024-Xinhua

Cambodia's int'l trade up 12.7 pct in H1 2024

Source: Xinhua

Editor: huaxia

2024-07-10 15:36:31

PHNOM PENH, July 10 (Xinhua) -- Cambodia's foreign trade volume reached 26.09 billion U.S. dollars in the first half of 2024, up 12.7 percent from 23.15 billion dollars over the same period last year, said an official report released on Wednesday.

The kingdom's total exports amounted to 12.29 billion dollars during the January-June period this year, up 12.6 percent compared to the same period last year, and total imports hit 13.8 billion dollars, up 12.8 percent, according to the General Department of Customs and Excise's report.

The Southeast Asian country's top five trading partners are China, the United States, Vietnam, Thailand, and Japan, the report said.

The kingdom exported mainly garment, footwear and travel goods products, bicycles, dry rubber, milled rice, bananas, cashew nuts, mangoes, and longans, as it imported raw materials for garment, footwear and travel goods, petroleum, construction materials, automobiles and motorcycles, electronic products, consuming goods, pharmaceutical products and cosmetics, among others.

Cambodian Ministry of Commerce's Secretary of State and spokesperson Penn Sovicheat said the Regional Comprehensive Economic Partnership (RCEP) agreement and the Cambodia-China Free Trade Agreement (CCFTA) have given a boost to this trade growth.

"These free trade pacts are catalysts for our long-term sustainable export growth," he told Xinhua. "With tariff concessions provided by the RCEP and CCFTA, our exports will undoubtedly continue to soar in coming months and years."