PHNOM PENH: Cambodia's international trade volume reached US$36.48 billion in the first eight months of 2024, up 16.5 per cent from US$31.32 billion over the same period last year, said an official report released on Tuesday (Sept 10), according to Xinhua.
The kingdom's total exports amounted to US$17.58 billion during the January to August period this year, a year-on-year increase of 16.7 per cent, and total imports were valued at US$18.9 billion, up 16.2 per cent, according to the General Department of Customs and Excise's report.
China remained the top trading partner of Cambodia during the period, followed by the United States, Vietnam, Thailand and Japan, the report showed.
Cambodian Ministry of Commerce's Secretary of State and spokesperson Penn Sovicheat said the Regional Comprehensive Economic Partnership (RCEP) and the Cambodia-China Free Trade Agreement (CCFTA) had been a driving force for this trade growth.
"With tariff concessions provided by the RCEP and the CCFTA, our exports will continue to grow in coming months and years, undoubtedly," he told Xinhua.
The RCEP comprises 15 Asia-Pacific countries, including 10 Asean-member states - Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, and their five trading partners, namely China, Japan, South Korea, Australia and New Zealand. - Bernama-Xinhua
