Cambodia Logs Slight Rise in Exports During January-November
Workers slice ripe mangoes at the Zhong Bao (Cambodia) Food Science & Technology Co., Ltd. in Kampong Speu province, Cambodia on March 7, 2023.Photo: Van Pov / Xinhua
- By Xinhua News Agency
- December 13, 2023 1:00 PM
PHNOM PENH-- Cambodia exported 20.5 billion U.S. dollars worth of goods in the first 11 months of 2023, a slight increase of 1.2 percent from 20.24 billion dollars year on year, said a General Department of Customs and Excise's report released on Tuesday.
Meanwhile, the kingdom's exports to China rose by more than 18 percent to 1.3 billion dollars during the January-November period from 1.1 billion dollars in the same period last year.
China remains the third-largest export destination for the Southeast Asian country after the United States and Vietnam, the report showed.
The main items Cambodia exported included garments, footwear, and travel goods, bicycles, and agricultural goods such as rice, rubber, cassava, bananas, mangoes and longans.
Commenting on a significant rise in exports to China, Cambodian Ministry of Commerce's Secretary of State and Spokesperson Penn Sovicheat said the Regional Comprehensive Economic Partnership (RCEP) agreement and the Cambodia-China Free Trade Agreement (CCFTA), which both entered into force last year, had given a boost to this growth.
"With the two free trade agreements, our made-in-Cambodia products have been exported to China with preferential tariffs," he told Xinhua.
"They are catalysts for our long-term and sustainable export growth."
