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Cambodia-Thailand trade surges 29%
The bilateral trade between Cambodia and Thailand increased significantly to $8,589 million in the ten-month period of 2022, up 29 percent compared to the same period last year.
From January to October, Cambodia exported $959 million worth of goods to its neighbouring nation, a 28 percent increase year-on-year, according to an official report from Thailand’s Ministry of Commerce.
The Kingdom imported $7,630 million worth of products from Thailand, up 29 percent, the report said.
Cambodia’s main exports to Thailand include textiles, agricultural products, gems,
raw materials and semi-finished products.
Imports from Thailand include fish, meat, vegetables, automobiles, organic fertilisers, foodstuffs, and construction materials.
President of Thai Business Council in Cambodia Jiranan Wongmongkul said that more Thai investors and businessmen are exploring investment opportunities, and some others are planning to expand their existing businesses in Cambodia.
“After the situation of preventing the spread of Covid-19, which the Cambodian government has well controlled and with high confidence, Thai investors are pouring into Cambodia to find new markets, new business expansion, increase the flow of goods,” she said late last week.
The trade activities between the two Kingdoms will expectedly increase next year, she added.
The bilateral trade between the neighbours grew remarkably year on year in the pre-pandemic period, with both sides hoping to boost trade volume up to $15 billion by 2023.
The bilateral trade between Cambodia and Thailand was valued at $7.97 billion last year, a 10.26 percent increase compared to a year before.
Source: https://www.khmertimeskh.com/501196940/cambodia-thailand-trade-surges-29/