RCEP, China FTA, boost Cambodian exports in Jan-May 2024

Cambodia's foreign trade rose significantly in the first five months in 2024, growing by 12 per cent YoY, official data showed.

Cambodia’s foreign trade rose significantly in the first five months this year, growing by 12 per cent year on year (YoY), according to commerce ministry data. The country’s total trade volume reached over $21.6 billion, up from $19.2 billion during the same period last year.

It exported goods worth $10.18 billion during the period—a YoY increase of 10.8 per cent, while it imported goods worth $11.4 billion—a 13.6-per cent YoY increase, said a report document by the ministry.

China, Vietnam and the United States were Cambodia’s biggest partners during the period, with a trade value of $5.99 billion, $3.55 billion and $3.52 billion respectively.

In full: https://www.fibre2fashion.com/news/textile-news/rcep-china-fta-boost-cambodian-exports-in-jan-may-2024-295869-newsdetails.htm

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