Market Update

China trade nears $2.9 billion in Q1 as deficit declines

According to preliminary Customs (GDCE) data, the value of goods traded between Cambodia and mainland China in the first quarter (Q1) of 2023 was $2.862 billion, a 0.38% decrease from the same period last year. Imports from the East Asian market made up 88.52% of this volume, a decrease of 0.28%pt ...

According to preliminary Custo...

April 21, 2023

Market Update

IFC is planning a Sihanoukville Logistics Complex study

un Chanthol, the Minister of MPWT, and Asad Yqub, the IFC Resident Representative for Cambodia, signed the Financial Advisory Services Agreement (FASA) to commission IFC to conduct the feasibility study for the Sihanoukville Logistics Complex (SHV-LC) project, ...

un Chanthol, the Minister of M...

April 20, 2023

Market Update

Due to the FTA, Cambodia's export to South Korea increased in Q1

The bilateral free trade agreement, which went into effect in December last year, has contributed to a large growth in Cambodia's exports to South Korea in the first quarter of this year. According to a report released this week by the Korea International Trade Association, Cambodia exported items worth $130 million to South Korea between January and March of this year, a rise of 17.2% ...

The bilateral free trade agree...

April 19, 2023

Market Update

Industry insiders applaud NBC's decision to revoke licenses of rural credit operators

Industry insiders and experts have reassured that the central bank's recent decision to revoke the operating licenses of 104 rural credit institutions (RCI), or nearly half of them, shouldn't have a substantial impact on the Kingdom's larger financial sector. According to NBC, the 223 RCIs in the Kingdom collectively held assets worth 234 billion riel ($56.8 million) ...

Industry insiders and experts ...

April 18, 2023

Market Update

Cambodia collects $1.9 billion in taxes in 1Q23

According to press releases issued on Thursday, April 13, 2023, Cambodia collected $1.9 billion from all sources of taxes in the first quarter of 2023, an increase of 2% from about $1.86 billion in the same period last year. According to the General Department of Taxation's news release, tax revenue for the period of January through March this year was $1.34 billion, up...

According to press releases is...

April 17, 2023

Market Update

In Q1, GFT exports fell by over 23%

During the first quarter of 2023, Cambodia exported $2.36 billion worth of garment, footwear, and travel (GFT) goods, a significant decrease from the $3.05 billion exported during the same period in the previous year, according to the most recent trade data made public by the General Department of Customs and Excise on Monday...

During the first quarter of 20...

April 13, 2023

Market Update

Cambodia has 494 weekly flights

Throughout the first three months of this year, Cambodia received and operated 494 flights weekly at its three airports, according to preliminary data from the State Secretariat of Civil Aviation (SSCA), the country's regulatory and development body for civil aviation activity and infrastructure. 368 flights or 736 movements were received ...

Throughout the first three mon...

April 12, 2023

Market Update

Cambodia's international trade fall 14.5% YoY in Q1 to $11.25 billion

In the first quarter of 2023, trade between Cambodia and other countries was $11.25 billion, a decrease of 14.5% YoY from $13.16 billion in the same period last year. According to the General Department of Customs and Excise's report, export from January to March of this year was valued at $5.39 billion, down 5.7% YoY ...

In the first quarter of 2023, ...

April 11, 2023

Market Update

Thailand exports fabric to Cambodia worth $157 million in 2022

Despite volatility brought on by COVID-19, Cambodia's textile imports from Thailand were $157 million, up 27.6%, while exports totaled $57.6 million, up in 2022. Although commerce in fiber and yarn between the two countries is negligible, Thailand continues to be an important source of fabrics for ...

Despite volatility brought on ...

April 10, 2023

Market Update

Four Asian countries, including Cambodia, are driving the diversification of US chips

This year's early winners from US efforts to protect its semiconductor supply chain include Thailand, Vietnam, India, and Cambodia. According to the US Census data, semiconductor imports into the US increased 17% from the previous year to $4.86 billion in February, with Asia accounting for 83% ...

This year's early winners from...

April 7, 2023