Cambodia’s export to RCEP member countries up 11% in Q1

Cambodia’s total export to the Regional Comprehensive Economic Partnership (RCEP) member countries amounted to US$1.95 billion in the first quarter of 2022, up 11 per cent from $1.75 billion over the same period last year, a Ministry of Commerce’s data showed on Thursday (April 28).

During the January-March period this year, Cambodia’s top three export destinations are Vietnam, China and Thailand, the data said, adding that the kingdom shipped products worth $759 million to Vietnam, $322 million to China and $318 million to Thailand.

Penn Sovicheat, Cambodian Ministry of Commerce’s undersecretary of state and spokesman, attributed the export growth to the RCEP free trade agreement, which entered into force on Jan 1, 2022.

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