Market Update

Cambodia's bicycle exports drop 37% YoY in the first five months of 2024

Cambodia's bicycle exports, including electric bicycles, dropped by 37% YoY in the first five months of 2024, totaling $169 million compared to $271 million in the same period last year, according to the General Department of ...

13th June 2024

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Market Update

Insurance sector grows moderately YoY

Cambodia's insurance sector continued its expansion at a slower pace, with total premiums reaching $96.5 million in 1Q24, up 9% YoY, according to the Insurance Regulator of Cambodia (IRC). The market comprises 18 general insurers, 14 life insurers, seven ...

12th June 2024

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Market Update

Cambodia's tire exports reached $308 million in the first five months this year

Cambodia exported $308 million worth of tire in the first five months this year, representing a staggering 204% increase compared to the $101 million recorded during the same period last year, according to the Ministry of Commerce. This growth ...

11th June 2024

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Market Update

Cambodia's GFT exports surge 20% in early 2024

Cambodia exported $4.969 billion worth of garments, footwear, and travel goods (GFTs) in the first five months of 2024, marking a 20% increase from $4.129 billion over the same period last year, according to a Ministry of Commerce report. Garments and textiles ...

10th June 2024

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Market Update

World Bank predicts steady economic growth for Cambodia

Despite a subdued domestic demand, Cambodia's economy is projected to grow at 5.8% this year, 6.1% in 2025, and 6.4% in 2026, driven by a revival in goods and services exports, according to a World Bank report. At the launch ...

07th June 2024

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Market Update

Cambodia's trade with RCEP countries rises to $14.17 billion

A Ministry of Commerce report released indicated that Cambodia's trade with Regional Comprehensive Economic Partnership (RCEP) countries rose to $14.17 billion in the first five months of 2024, a 14.2% increase from ...

06th June 2024

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Market Update

Cambodia aims to drive green financing through policy reforms

National Bank of Cambodia (NBC) Governor Chea Serey emphasized Cambodia's commitment to green financing during her visit to Brussels, Belgium, for the Francophone Central Bank Governors' meeting, which gathered officials from 20 central banks representing ...

05th June 2024

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Market Update

Cambodia embraces wind energy farms

Cambodia is set to establish its first wind farms in Mondulkiri and Kampot provinces, according to Minister of Mines and Energy Keo Rottanak. The wind farms will ...

04th June 2024

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Market Update

Cambodia's tourism rebounds with Angkor Wat ticket sales leading the way

Cambodia's tourism sector is witnessing a robust recovery, highlighted by a significant increase in visitors to the Angkor Archaeological Park. In the first five months of this year, the park welcomed ...

03rd June 2024

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Market Update

Cambodia and Turkey aim for $1 billion trade

Cambodia and Turkey have committed to boosting bilateral trade to $1 billion annually and advancing plans for direct flights between Phnom Penh and Istanbul. The agreement was ...

31st May 2024

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