PHNOM PENH (XINHUA) – Cambodia’s trade with its fellow ASEAN member states rose to USD6.82 billion during the first five months of 2024, up 12 per cent from USD6.09 billion over the same period last year, said a report from the Ministry of Commerce yesterday.
The kingdom exported products worth USD2.46 billion to other ASEAN countries during the January-May period this year, up 10 per cent from USD2.23 billion over the same period last year, the report said. Meanwhile, the country’s import from fellow ASEAN countries was valued at USD4.36 billion, up 13 per cent from USD3.86 billion, it added.
The report said Cambodia’s trade volume with the fellow ASEAN member states accounted for 31.5 per cent of its USD21.6 billion total trade volume during the first five months of this year.
The kingdom’s top five trading partners in ASEAN are Vietnam, Thailand, Singapore, Indonesia, and Malaysia, the report added.
Cambodian Prime Minister Hun Manet has said that the country stood as a vibrant partner within the ASEAN countries. “Cambodia’s strategic membership in key regional and global trade agreements, including ASEAN and the World Trade Organization (WTO), positions it as a highly integrated player within the dynamic global market,” he said in a speech at a Cambodia-ASEAN business forum in Phnom Penh in April.
He added that made-in-Cambodia products, encompassing garments and bicycles, are currently recognised in ASEAN and worldwide for their quality and competitive pricing.
