Market Update

Cambodia's furniture industry poised for tenfold growth by 2033

A recent report by 'Research and Markets' forecasts a substantial surge in Cambodia's furniture production and trade, projecting a tenfold increase by 2033, to reach a market value of $1.484 billion. Despite a slight decline in furniture ...

26th April 2024

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Market Update

Cambodia's cashew nut exports surge in 1Q24

According to the Cashew Nut Association of Cambodia, Cambodia's raw cashew nut exports reached $543 million in 1Q24, representing a 13% increase YoY. Cambodia exported 424,000 tons out of the total 474,000 tons produced ...

25th April 2024

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Market Update

Indonesia hopes to expand trade ties with Cambodia

Indonesia aims to expand trade ties with Cambodia beyond rice, leveraging its position as the country's sixth-largest trading partner. Ambassador Santo Darmosumarto highlighted Indonesia's interest in collaborating on digital technology and green ...

24th April 2024

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Market Update

Cambodia to start exporting coconuts to China

Cambodia celebrated a significant milestone with its first coconut exporting ceremony to China, attended by Deputy Prime Minister Sun Chanthol and Chinese Foreign Minister Wang Yi. Following the signing of a phytosanitary protocol last year, 13 ....

23rd April 2024

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Market Update

China's Foreign Minister visits Cambodia to bolster Belt and Road projects

In conjunction with the Cambodia-China exchange year, China's Foreign Minister Wang Yi embarked on a three-day visit to Cambodia to participate in the seventh intergovernmental coordination committee (ICC) meeting, aimed at advancing projects ...

22nd April 2024

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Market Update

Garment, footwear, and travel goods export increase by 20%

In the first quarter of 2024, Cambodia's exports of garments, footwear, and travel goods surged by 20%, reaching over $2.9 billion, compared to $2.4 billion in the same period last year. Apparel and textiles exports alone increased by 23%, totaling ...

19th April 2024

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Market Update

Khmer New Year sees unprecedented rise in tourism in Cambodia

According to the Ministry of Tourism, Cambodia experienced a remarkable influx of tourists over the four days of the Khmer New Year from April 13 to 16. The coastal provinces such as Kep, Preah Sihanouk, and Koh Kong ...

18th April 2024

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Market Update

Cambodia's trade with ASEAN nation surges

According to a report from the Ministry of Commerce, Cambodia's cross-border trade with other ASEAN countries surged by 18.64% to $4.32 billion in 1Q24. In the first quarter of this year, the Kingdom exported $1.77 billion worth of goods to other ASEAN ...

17th April 2024

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Market Update

Government allocates $100 million for agricultural interventions

The Royal Government of Cambodia has allocated $100 million for agriculture interventions aimed at ensuring the stability of agricultural prices in response to fluctuations in the world market. This reserved budget was disclosed by PM Hun ...

12th April 2024

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Market Update

As high as 67% of Cambodians have access to financial services

According to Governor Chea Serey of the National Bank of Cambodia (NBC), as high as 67% of Cambodians have access to formal financial services, an increase of 18% from 2015. Governor Serey stressed the need to promote financial ...

11th April 2024

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