Trade between Cambodia, RCEP members hits US$30bil

A cargo ship docked at Sihanoukville Autonomous Port (PAS) in Preah Sihanouk province in October 2023. - Sihanoukville Autonomous Port FB

PHNOM PENH: Trade between Cambodia and the 14 other countries in the Regional Comprehensive Economic Partnership (RCEP) reached nearly US$30 billion in 2023, according to the Ministry of Commerce.

A recent report from the ministry showed that the country’s exports to member countries amounted to $8.172 billion in 2023, an increase of more than 28%, while imports from partners were valued at $21.286 billion, representing a decrease of more than 13% year-on-year.