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.
Read the full article HERE.
Add Comment