Cambodia's exports to Vietnam quadruple
Cambodia's exports to Vietnam quadruple
Cambodia's exports to Vietnam nearly quadrupled to $3.7 billion in the first nine months of this year, according to statistics from the General Department of Vietnam Customs.
A woman cleans rice for sale in Phnom Penh, Cambodia, July 12, 2017. Photo by Reuters |
Cambodia increased its exports of vegetables and fruits by 61 percent, cashew by 595 percent, soybeans by 549 percent, and rubber by 391 percent.
Exports of wood products, fabric, scrap, and other goods grew by 5-300 percent.
Trade between Cambodia and Vietnam increased by 90.9 percent year-on-year in the first nine months of this year to US$7.2 billion.
According to the Cambodian Ministry of Agriculture, Forestry and Fisheries, the country exported agricultural products to 90 countries and territories though Vietnam (64.11 percent), Thailand (21.49 percent) and China (9.69 percent) accounted for most of it with all others accounting for only 4.71 percent.
