PHNOM PENH, Jan. 10 (Xinhua) -- Cambodia recorded 46.82 billion U.S. dollars in its international trade in 2023, down 1.9 percent from a year earlier, said an official report released Wednesday.
The kingdom's total export was valued at 22.64 billion dollars last year, a year-on-year increase of 1.8 percent, and total import was registered at 24.18 billion dollars, down 5 percent, according to the General Department of Customs and Excise's report.
Cambodian Ministry of Commerce's Secretary of State Penn Sovicheat said the Regional Comprehensive Economic Partnership (RCEP) agreement and the Cambodia-China Free Trade Agreement (CCFTA), which took effect in January 2022, had given a boost to a rise in trade volume between Cambodia and China.
"Under the two free trade agreements, our products, especially high-quality agricultural produce such as milled rice, yellow bananas, mangoes, longans, cassava and pepper, have been exported to China with preferential tariffs," he told Xinhua. "Both trade pacts have become catalysts for our long-term and sustainable trade growth." ■