Market Update

In Q1 2023, Cambodia spent over $400 million on domestic gasoline imports

In the first three months of 2023, Cambodia imported fuels worth more than $400 million. Data from the Ministry of Commerce shows that imports of gasoline increased by more than 21% YoY to more than $197 million, while imports of diesel also increased by more than $211 million, a drop of more than ...

In the first three months of 2...

May 10, 2023

Market Update

In Q1 2023, China purchased 89K tonnes of banana from Cambodia

In the first quarter of 2023, which concluded on March 31, Cambodia exported 95,028.38 tonnes of fresh bananas, 88,947.92 tonnes of which, or 93.60%, were sold on the Chinese market. The General Directorate of Agriculture, which is part of the ...

In the first quarter of 2023, ...

May 9, 2023

Market Update

Cambodia will invest $1.8 billion to upgrade power transmission

According to the recently issued Power Development Plan (PDP) 2022-2040, improving Cambodia's energy transmission network will cost the country close to $1.8 billion. The country needs an additional $980 million to develop its high voltage (HV) transmission network, particularly for the installation of 230kV and ...

According to the recently issu...

May 5, 2023

Market Update

ADB will include Cambodia in the $15 billion IF-CAP

The Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP) program, which the Asian Development Bank (ADB) announced during a press conference on the first day of the ADB's 56th Annual Meeting, will include Cambodia as one of the countries eligible to receive more funding to accelerate its actions in response to climate change issues in the country...

The Innovative Finance Facilit...

May 3, 2023

Market Update

In 2022, Cambodia and Japan reach bilateral trade of $1.948 billion

In 2022, $1,948 million was exchanged between Cambodia and Japan on a bilateral basis. In Sihanoukville, Preah Sihanouk province, Prime Minister Hun Sen presided over the groundbreaking ceremony for the Sihanoukville Autonomous Port (PAS) ...

In 2022, $1,948 million was e...

May 2, 2023

Market Update

Cambodia, UAE conclude comprehensive economic partnership agreement

he UAE and the Kingdom of Cambodia have finalised the terms of a comprehensive economic partnership agreement (CEPA), paving the way for a new era of trade and investment cooperation between the two nations. The Cepa with Cambodia will serve as a catalyst to increase and diversify bilateral trade by substantially eliminating tariffs, ...

he UAE and the Kingdom of Camb...

April 28, 2023

Market Update

JICA - Top infrastructure supporter in Cambodia

According to a survey by renowned international accounting and auditing company Pricewaterhouse Coopers, the Japan International Cooperation Agency (JICA) has surpassed all other foreign entities as the Kingdom's top infrastructure backer, accounting for 13% of all ...

According to a survey by renow...

April 27, 2023

Market Update

Cambodia's milled rice exports increased by 3.5% in the first quarter

According to a report released by the Cambodia Rice Federation (CRF) on Tuesday, April 25, 2022, Cambodia exported 176,581 tons of milled rice in the first quarter (Q1) of 2023, an increase of 3.5% from 170,539 tons in the same period last year. During the months of January through March of this year, the export of the good brought in 126 million ...

According to a report released...

April 26, 2023

Market Update

The 150 prioritized infrastructure projects in Cambodia require $30 billion

According to a press release from the Ministry of Public Works and Transport (MPWT), Cambodia has sought partners to raise about $30 billion in investment funds to implement 150 hard and soft infrastructure projects that the government has identified as priorities to include in the Comprehensive Intermodal Comprehensive Master Plan (CIT-MP) ...

According to a press release f...

April 25, 2023

Market Update

Exports of electric gear increased by 102% YoY in Q1

According to preliminary Customs (GDCE) data, Cambodia exported $736.776 million worth of electrical machinery, equipment, and related products in the first quarter (Q1) of 2023 that concluded on March 31, up 101.70% from the $365.279 million tallied during the same period in 2022. The aforementioned group of goods ...

According to preliminary Custo...

April 24, 2023