Cambodia’s Exports Go Up Nearly 4 Percent in the First Months of 2021
A ship loaded with containers of raw materials from China arrives at a port in Cambodia, March 9, 2020. (Xinhua)
- By Ou Sokmean
- and Meng Seavmey
- October 16, 2021 1:31 PM
Trade during that period reached $23.5 billion
PHNOM PENH--Cambodia’s exports increased by close to 4 percent during the first six months of 2021 while imports jumped nearly 45 percent compared to the same period in 2020, according to a report of the National Bank of Cambodia (NBC).
From January through June 2021, Cambodia’s trade reached 95.7 trillion riels (approximately $23.5 billion), the report read. Exports during the same period totaled 35.2 trillion riels (about $8.6 billion), which is, 3.7 percent more than during the first six months of 2020.
Meanwhile, imports increased 44.3 percent compared to the same period in 2020, amounting to around 60.5 trillion riels (approximately $15 billion), said the report released on Oct. 13.
Cambodia’s exports mainly consisted of garments, shoes, electronic components and bicycles that were shipped to China, the European Union, Japan, Singapore and the United States.
Imports to Cambodia included raw materials for garments, construction materials and equipment, food and beverages, fuel and vehicles. Most imports came from China, the European Union, Singapore, Thailand and Vietnam.
In 2020, Cambodia’s trade volume reached $35 billion. Exports amounted to $17 billion, which was a 16.72 percent increase compared to 2019, while imports dropped 7.85 percent to $18 billion compared to the previous year.
