English
Cambodia-Thailand Jan-Feb trade tops $1.3 billion
The Kingdom imported more than $1.3 billion worth of goods from Thailand in the first two months of this year, a 3.3 percent year-on-year increase.
Imports from Thailand were at $1.12 billion during the period, a 5.2 percent increase from the same period last year, according to the official statistics from Thailand’s Commerce Ministry.
The two-way trade increased
by 4.8 percent year-on-year to $1.36 billion.
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.
Lim Heng, vice-president of the Cambodia Chamber of Commerce, told Khmer Times yesterday: “Increasing export to neighbouring countries is a good sign for Cambodia because it reflects
the trade exchanges along borderlines, especially agriculture products,” Heng said.
Most country’s products, mainly agricultural products are mostly exported to neighbouring countries via border gates.
Once goods transport crossing is smooth, it will push more exports of Cambodian products, Heng said.
Cambodia and Thailand exchange goods via the Poipet international border gate.
To facilitate smooth border crossing goods transport, the governments of the two Kingdoms have planned to open a new border gate – Stung Bot-Ban Nong Ien.
The two countries have placed high hopes to continue pushing bilateral trade up to $15 billion
by 2023.
The supermarket chains in Thailand – Big C and retail store 7-Eleven – have started their stores in Phnom Penh. They also unveiled plans to increase shops in Cambodia. About 70 percent to 80 percent of products displayed in those markets are imports from Thailand and the rest are supplied locally.
Source: https://www.khmertimeskh.com/501054340/cambodia-thailand-jan-feb-trade-tops-1-3-billion/