Cambodia sees $1.48b trade deficit in 9 months

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cambodia tradeCambodia has seen a trade deficit of $1.48 billion in the first nine months of 2013, according to data released by the country’s Commerce Ministry on October 25.

The total import and export volume was valued at $11.82 billion during the January-September period, up 20 per cent from the $9.88 billion over the same period in 2012, the data showed.

Export rose by 28 per cent to 45.17 billion, while import went up by 16 per cent to $6.65 billion.

The country’s main trading partners are the US, Europe, China, South Korea, Japan, Thailand, Vietnam, Singapore and Malaysia.

Cambodia exports mainly garments and shoes, dry rubber, milled rice and cassava and it ships in garment raw materials, petroleum, construction materials, automobiles and motorcycles, pharmaceutical products and cosmetics.

The Southeast Asian nation’s economy is supported by garment exports, tourism, agriculture and construction. The garment sector accounts for more than 80 per cent of the country’s total exports.

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Reading Time: 1 minute

Cambodia has seen a trade deficit of $1.48 billion in the first nine months of 2013, according to data released by the country’s Commerce Ministry on October 25.

Reading Time: 1 minute

cambodia tradeCambodia has seen a trade deficit of $1.48 billion in the first nine months of 2013, according to data released by the country’s Commerce Ministry on October 25.

The total import and export volume was valued at $11.82 billion during the January-September period, up 20 per cent from the $9.88 billion over the same period in 2012, the data showed.

Export rose by 28 per cent to 45.17 billion, while import went up by 16 per cent to $6.65 billion.

The country’s main trading partners are the US, Europe, China, South Korea, Japan, Thailand, Vietnam, Singapore and Malaysia.

Cambodia exports mainly garments and shoes, dry rubber, milled rice and cassava and it ships in garment raw materials, petroleum, construction materials, automobiles and motorcycles, pharmaceutical products and cosmetics.

The Southeast Asian nation’s economy is supported by garment exports, tourism, agriculture and construction. The garment sector accounts for more than 80 per cent of the country’s total exports.

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