English
Rough year for Thai imports
Rough year for Thai imports
TUESDAY, 21 JUNE 2016 – An uncharacteristic slump in imports from Thailand since the start of the year is the result of lower oil prices and fierce competition from cheaper Chinese and Vietnamese products, representatives from the Thai embassy in Phnom Penh said yesterday.
According to the embassy’s trade data, the value of exports to Cambodia totalled $1.4 billion from January to April, a decline of nearly 20 per cent compared to the same period a year earlier. Meanwhile, Cambodian exports to Thailand climbed 12 per cent during the period, totalling $350 million during the first four months of the year.