Cambodia's Trade with Fellow ASEAN Members up 12 pct in First 5 Months

This photo taken on May 1, 2023 shows containers stacking up at the Sihanoukville Autonomous Port in Sihanoukville, Cambodia. Photo by Ly Lay/Xinhua

PHNOM PENH -- Cambodia's trade with its fellow ASEAN member states rose to 6.82 billion U.S. dollars during the first five months of 2024, up 12 percent from 6.09 billion dollars over the same period last year, said a report from the Ministry of Commerce on Sunday.

The kingdom exported products worth 2.46 billion dollars to other ASEAN countries during the January-May period this year, up 10 percent from 2.23 billion dollars over the same period last year, the report said.

Meanwhile, the country's import from fellow ASEAN countries was valued at 4.36 billion dollars, up 13 percent from 3.86 billion dollars, it added.

The report said Cambodia's trade volume with the fellow ASEAN member states accounted for 31.5 percent of its 21.6-billion-dollar 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 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.

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