Cambodia’s trade with ASEAN surges 13 pct to 9.19 bln USD in first 7 months

PHNOM PENH, Aug. 15 (Xinhua) — Cambodia’s trade exchanges with its fellow ASEAN member states amounted to 9.19 billion U.S. dollars in the first seven months of 2024, up 13 percent from 8.12 billion dollars over the same period last year, said a report from the Ministry of Commerce on Thursday.
The kingdom exported products worth 3 billion dollars to other ASEAN countries during the January-July 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. ■