China, Vietnam and Thailand are Cambodia’s largest suppliers of goods, with imports of $10 billion in the first seven months of 2023, according to the General Department of Customs and Excise of Cambodia (GDCE).
The sum represented 71.2 per cent of Cambodia’s total imports of $14 billion compared to 57.4 per cent in the corresponding period last year.
According to GDCE, imports from China amounted to over $6 billion, or 44.3 per cent of total imports, Vietnam $2 billion or 15 per cent, and while Thailand was $1.7 billion (11.9 per cent).
In addition, Cambodia imported goods from other countries such as Indonesia, Singapore, Malaysia, Japan, Taipei, South Korea, Denmark, Finland, and the US.
Cambodia Chamber of Commerce (CCC) vice-president Lim Heng told The Post that the goods Cambodia buys from the three countries are not only to meet domestic demand but form a large part of raw materials to supply to the production process, processing or production for export to international markets.
Once the global economy recovers, imports of goods from the three countries would recover, especially products that are processed into finished products for export.
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Authur: Hin Pisei
Publication date: 31 August 2023
Source: The Phnom Penh Post