Cambodian exports of footwear and related items ran past the $1 billion mark in the first seven months of 2022, stepping up more than one-third against the same period last year, given a leg-up by strong sales to bigger markets in the US, UK and elsewhere in Europe.
The agriculture ministry and an institution under the commerce ministry based in Xiamen city, Fujian province, China have entered into a partnership to pave the way for the export of Cambodian edible bird’s nest products to China and establishment of a domestic processing plant for the commodity in the near future.
Cambodia is expected to earn “more than $25 million”, equivalent to 70 per cent of the nearly 300,000 barrels of crude oil stolen by the Bahamas-flagged tanker MT Strovolos last year, after long-running discussions come to an expected close at end-September, according to a senior energy official.
Cambodia's two gold producers have pumped out 252 semi-refined gold bars weighing 3,563kg as of the beginning of this month, according to a senior mining official on August 9.
An overall easing in the Covid-19 situation and recovery in global economic momentum paved the way for Customs revenue collection to reach nearly $1.3 billion in the first half of 2022, rising by almost one-eight from the corresponding period last year, according to data from the General Department of Customs and Excise of Cambodia (GDCE).
Agriculture remains the main source of income for many Cambodians living in rural areas, now more than ever in the context of the Covid-19 pandemic. Agriculture is considered a major player in sustaining people’s livelihoods and was minimally affected by the crisis. In 2021, agriculture contributed about 24.4 per cent of the Kingdom’s gross domestic product (GDP).
The Ministry of Agriculture, Forestry and Fisheries has set up a technical working group to negotiate the exporting of bird’s nests to China, in view of its growth potential and value in the market.
Cambodia has received a first batch of salt imported from India, after unseasonable rains since the beginning of the year melted away domestic yields below half of the expected nationwide demand for 2022.
The retail prices of regular-grade petrol and diesel respectively decreased by about 1.04 per cent and 2.83 per cent on August 1, according to a notice issued by the Ministry of Commerce.
Cambodia's sole exporter of cashew nuts to Japan is set to resume shipments in mid-September, after it sent its last consignment in March, before Tokyo began requesting an additional certificate, a requirement it had waived in light of Covid-19, according to the enterprise’s owner.