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Cambodia earns $89 million from milled rice export to China in Jan-July
Cambodia exported 169,766 tons of milled rice to China in the first seven months of 2022, earning $89 million in revenue, the Cambodia Rice Federation (CRF) said on Wednesday.
China remained the largest buyer of Cambodia’s rice, followed by the European Union, the CRF said in a news release, adding that China accounted for 48.3 percent of Cambodia’s total rice export volume during the January-July period.
CRF President Song Saran said China is a big market for Cambodian rice and the country hopes to export more rice to China.
“The RCEP (Regional Comprehensive Economic Partnership) will further ease trade in goods between Cambodia and China as well as other participating countries,” he told Xinhua.
“This mega regional trade pact provides a greater market access for Cambodia’s products, and I think it will attract more foreign investors to invest in various sectors, including in the rice industry, in order to export finished products to those RCEP countries, with preferential tariffs,” he added.
According to the CRF, Cambodia exported a total of 350,902 tons of milled rice to 56 countries and regions in the first seven months of this year, up 13 percent year-on-year, generating $218 million in revenue. Xinhua