Cambodia’s Trade With ASEAN Surges 13 Percent To 9.19 Billion USD In First Seven Months
PHNOM PENH, Aug 15 (NNN-AKP) – Cambodia’s trade exchanges with its fellow ASEAN member countries, amounted to 9.19 billion U.S. dollars, in the first seven months of this year, up 13 percent from 8.12 billion dollars over the same period last year, said a report from the Ministry of Commerce, today.
The kingdom exported products worth three billion dollars to the other ASEAN countries, during the Jan-Jul period this year, up 9.4 percent from 2.74 billion dollars over the same period last year, the report said.
Meanwhile, the country’s import from its fellow ASEAN countries was valued at 6.19 billion dollars, up 15 percent from 5.38 billion dollars, it added.
The report said Cambodia’s trade volume with the ASEAN accounted for 29.1 percent of its 31.5-billion-dollar total trade volume during the first seven months of this year.
The country’s top five trading partners in ASEAN are Vietnam, Thailand, Singapore, Indonesia, and Malaysia, the report added.
Cambodian Prime Minister Hun Manet has said recently 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.
The prime minister added that made-in-Cambodia products, encompassing garments and bicycles, are recognized in ASEAN and worldwide for their quality and competitive pricing.
ASEAN (Association of Southeast Asian Nations) groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
-NNN-AKP