Cambodia's trade with fellow Asean members up 18.6% in Q1


PHNOM PENH: Cambodia's trade with its fellow Association of Southeast Asian Nations (Asean) member states hit US$4.32 billion in the first quarter of 2024, up 18.6 per cent from $3.64 billion over the same period 2023, said a report from the Ministry of Commerce on Thursday (April 18).

The kingdom exported products worth $1.77 billion to other Asean countries during the January-March period this year, up 33 per cent from $1.33 billion over the same period 2023, the report said.

Meanwhile, the country's import from Asean was valued at $2.55 billion, up 10.3 per cent from $2.31 billion, it added.

Cambodia's three largest trading partners in Asean are Vietnam, Thailand and Singapore, the report said.

Cambodian Prime Minister Hun Manet has said the kingdom stood as a vibrant partner within Asean.

"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 earlier this month.

He said that Made-in-Cambodia products, encompassing garments and bicycles, are currently recognised in Asean and worldwide for their quality and competitive pricing. - Xinhua

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Cambodia , trade , Asean

   

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