Cambodia’s export turnover slightly rises in 11 months

Illustrative image (Photo: https://www.khmertimeskh.com/)

Phnom Penh (VNA) – Cambodia exported nearly 20.5 billion USD worth of goods in thefirst 11 months of 2023, a slight increase of 1.2% year-on-year, according to a reportreleased recently by the General Department of Customs and Excise.

Cambodia's top five export markets in the reviewed periodwere the US, Vietnam, China, Thailand and Japan. The US retained its position as the largest importer of the Southeast Asiannation during this period as it spent 14 billion USD on imports from Cambodia,down 0.9% over the same period last year.

Meanwhile,Cambodia’s export turnover to Vietnam and China surged by 37.8% and 18.5% to 2.61billion USD and 1.31 billion USD, respectively, in the January - November period.

The garment, footwearand tourism were the industries that brought in the largest foreign exchangerevenue for Cambodia. The Southeast Asian nation is home to 1,133 plants and branches operating in these fields, creating jobs for about 840,000 labourers.

Sok Siphana, SeniorMinister in Charge of International and MultilateralTrade and EconomicRelations, said tradeincentives of the Regional ComprehensiveEconomic Partnership (RCEP) have helped further promote trade andinvestment activities.

The RCEP has brought great market accessopportunities to Cambodian products and is a source for sustainable economicdevelopment of the country in the coming years, he said./.

VNA