Cambodian exports to Vietnam soar 116% in January 2024
VOV.VN - Cambodian earned US$373 million from exporting commodities to Vietnam in January 2024, representing an increase of 116.6% year on year, according to the General Department of Customs and Excise of Cambodia (GDCE).
The GDCE did not reveal the detail, but statistics from the Cambodian Ministry of Commerce show that its main exports to Vietnam include rice, rubber, cashew nuts, cassava, corn, bananas, mangoes, tobacco and natural resources.
Currently, Vietnam is Cambodia’s second largest export market, after the US and ahead of China, Japan, and Thailand.
In January alone, Cambodia raked in US$1.97 billion from exports, up 27% year on year.
Lim Heng, vice president of the Cambodian Chamber of Commerce, attributed the rapid export growth to the gradual recovery of the global economy plus the increasing domestic production.
Cambodia has a large export market due to enjoying preferential tariffs with a number of partners, as well as the enforcement of bilateral and multilateral free trade agreements that Cambodia has signed with partners, said Lim Heng.
He expressed his belief that Cambodia’s export trade turnover would keep increasing in 2024 thanks to diverse and quality export products at competitive prices.
In addition to textiles and garments, Cambodia is also an exporter of agricultural products, electronic components, electronics and many essential goods.
