While a majority of Cambodia’s trade with the West continues to experience a slowdown, bilateral trade volume between Cambodia and Vietnam in the first eight months of 2023 has kept increasing slightly, with exports up 26.1% year-on-year, according to the General Department of Customs and Excise (GDCE).
From January to August 2023, exports and imports between Cambodia and Vietnam rose to $4.3 billion from $4.2 billion in the same period in 2022. Cambodia’s exports stood at $1.9 billion compared to $1.5 billion, while imports from Vietnam fell to $2.5 billion from $2.8 billion. Improving bilateral trade resulted in a lower trade deficit of $596.4 million, compared to $1.3 billion last year.
Agricultural products are important in boosting Cambodia’s export value. The country's exports to Vietnam consist primarily of fresh or unprocessed products.
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