Cambodia’s trade with ASEAN is up 12.8 pct in the first 11 months of 2024
Cambodia’s trade with ASEAN is up 12.8 pct in the first 11 months of 2024
An official report released on Thursday said Cambodia’s trade volume with its fellow ASEAN member states hit $14.3 billion in the first 11 months of 2024, up 12.8 per cent from $12.68 billion over the same period last year.
The kingdom exported products worth $4.62 billion to other countries of the Association of Southeast Asian Nations (ASEAN) during the January-November period this year, up 8.9 percent from $4.24 billion over the same period last year, according to a report from the Ministry of Commerce.
Meanwhile, the report added that the country’s total imports from its fellow ASEAN countries amounted to $9.68 billion, up 14.8 per cent from roughly $8.44 billion.
The report said Cambodia’s trade with the ASEAN accounted for more than 28 per cent of its $50.4-billion total trade volume during the first 11 months of this year.
The report added that Vietnam, Thailand, Singapore, Indonesia, and Malaysia were the kingdom’s top five trading partners in ASEAN during the above-mentioned period.
Cambodian Prime Minister Hun Manet has said that the country stood as a vibrant partner within the ASEAN, adding that made-in-Cambodia products, such as garments and bicycles, were recognised in ASEAN and worldwide for their quality and competitive pricing.
“Cambodia’s strategic membership in key regional and global trade agreements, including ASEAN and the World Trade Organization, positions it as a highly integrated player within the dynamic global market,” he said.
ASEAN comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
