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Cambodia: Kingdom’s export zooms 25.7% in first quarter
The Kingdom’s export surged 25.7 percent to $5,716 million in the first three months of the year, compared to the same period last year, according to the General Department of Customs and Excise.
The report stated that the US is the biggest market for Cambodia’s export, accounting for 37.6 percent of total exports, or $2,150 million. The country’s exports to the US increased by 43.7 percent.
Cambodia’s exports to Vietnam rose 3.9 percent to $758 million while its exports to Thailand jumped 28 percent to $318 million.
On the other hand, China is the biggest market for Cambodia’s imports. The Kingdom’s imports to China rose 30.1 percent to $2,552 million.
The exports of garment products surged 24.8 percent to $3,155 million, while non-garment exports rose by 38 percent to $1,213 million.
The exports of agricultural products jumped 10 percent to $1,123 million.
Sin Chanthy, president of the Cambodia Logistics Association, said, “The purchase orders have been placed on Cambodian products since the government resumed socio-economic activities last November.”
The lockdown has pushed some of the logistics service providing companies to pause operations, but they are now restarting operations, Chanthy said.
“Due to the increase in purchase orders on Cambodian products, this has pushed the local logistics and transportation companies to resume fully as of present,” Chanthy said.
Prime Minister Hun Sen said recently that he was satisfied with the export growth in the early period of this year.
The Premier encouraged all stakeholders to boost trade and other economic activities to fuel the economic growth after the country’s reopening in all domains.
The main exported items included garments, footwear, travel goods, bicycles, rice, machinery and electrical equipment, and vegetables and fruits.
Cambodia imported mostly raw materials, construction materials, automobiles, pharmaceutical products, electronics and electrical equipment, fertilisers and pesticides.
Source: https://www.khmertimeskh.com/501059256/kingdoms-export-zooms-25-7-in-first-quarter/