Market Update

Trade between Cambodia and RCEP members reaches almost $30 billion in 2023

In 2023, Cambodia's trade with the 14 other nations in the Regional Comprehensive Economic Partnership (RCEP) totaled nearly $30 billion. Exports to these countries amounted to $8.172 billion, marking a increase of over ...

09th February 2024

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Market Update

ARDB to stabilize crop prices with $100 million set aside

The Agricultural and Rural Development Bank (ARDB) has earmarked $100 million for a special financing program aimed at stabilizing agricultural commodity prices during the harvest season, with a specific focus on the rice sector. This initiative will offer working capital financing ...

08th February 2024

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Market Update

In 2023, trade with Indonesia total to $1.1 billion

In 2023, Indonesia emerged as Cambodia's 6th largest trading partner, with trade volume reaching nearly $1.1 billion, marking a significant 15% increase from 2022. Bilateral trade between the two nations amounted to $1.09 billion, constituting 2.32% ...

07th February 2024

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Market Update

In 4Q 2023, insurance premiums reach $77 million

Cambodia's insurance industry recorded a premium of $77.8 million in Q4 2023, a 0.07% decrease from Q4 2022, according to the Insurance Regulator of Cambodia (IRC). The gross premium from general insurance was $29.5 million, a 1.14% increase ...

06th February 2024

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Market Update

Applications for consumer loans increased by 5% in Q4 of last year

In the fourth quarter of 2023, there was a 5% surge in consumer loan applications in Cambodia compared to the third quarter, reaching a total of $15.01 billion. The aggregate number of consumer loan accounts hit 1.76 million, with 80% attributed ...

05th February 2024

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Market Update

PM announces intentions to create high-tech, environmentally friendly SEZs

Cambodia's Prime Minister Hun Manet has announced ambitious plans to establish a new type of special economic zone (SEZ) specifically designed for green industries and high-end technology investments. This model ...

01st February 2024

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Market Update

2023 sees a continued increase in mobile payments in Cambodia

In 2023, Cambodia experienced a notable surge in mobile payments, according to a report from the National Bank of Cambodia (NBC). The total volume of mobile payment transactions witnessed a 28.7% ...

31st January 2024

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Market Update

The Preah Sihanouk SEZ master plan is nearing completion

Sihanoukville's Deputy Governor Long Dimanche has announced the imminent submission of the final stages of the master plan to transform the coastal Preah Sihanouk province into a comprehensive Special Economic Zone (SEZ) and the proposal ...

30th January 2024

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Market Update

The GDP of Cambodia is predicted to expand by 6.4% in 2024 according to NBC

Cambodia's economic growth is projected to reach 6.4% in 2024, primarily driven by the resurgence of tourism and a robust manufacturing sector, as stated by National Bank of Cambodia ...

29th January 2024

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Market Update

In 2023, Cambodia's foreign reserves increase to $20 billion

In 2023, Cambodia's international reserves soared to $20 billion, reflecting a robust 12.3% surge from the previous year, as reported by the central bank. These reserves, encompassing foreign currencies, gold, and Special Drawing Rights, were ...

26th January 2024

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