Market Update

Thailand imports from Cambodia increased by around 10% in the first five months of '23

Cambodian goods exports to Thailand reached $480.236 million in the first five months of 2023, up 9.47% YoY from $438.705 million and up 84.47% half-on-half (compared to July-November 2022) from $260.33 million, according to Customs (GDCE). According to provisional ...

Cambodian goods exports to Tha...

June 20, 2023

Market Update

For the first five months of this year, Cambodia has collected $1.8 billion in taxes

Over $1.8 billion in tax revenue was collected by the General Department of Taxation (GDT) of the Ministry of Economy and Finance in the first five months of this year, or around 51% of the annual target. Kong Vibol, the Director General of GDT, ...

Over $1.8 billion in tax reven...

June 19, 2023

Market Update

According to NBC, riel annual average increase is 16.6%

Despite the fact that the economy is still extensively dollarized, the demand for the riel has steadily increased over the past 20 years, expanding at an average rate of 16.6% per year, according to Chea Serey, Deputy Governor of the National Bank of Cambodia. As a result of rising riel circulation ...

Despite the fact that the econ...

June 16, 2023

Market Update

In the first quarter of 2023, Cambodia's state debt hits $10.27 billion

By the end of the first quarter (Q1) of 2023, the Cambodian government reported a total public debt stock of $10.27 billion, up 2.8% quarter over quarter from $9.99 billion. According to the Cambodia state Debt Statistical Bulletin, which was released by the Ministry of Economy and Finance, 67% ...

By the end of the first quarte...

June 15, 2023

Market Update

Industry for cashew nuts needs $300 million in working capital

A senior official from the Cashew Nut Association of Cambodia (CAC) estimates that the cashew nut industry in Cambodia need operating capital of at least $300 million annually. Cashew has already been designated by the Cambodian government as an agro-industrial crop ...

A senior official from the Cas...

June 14, 2023

Market Update

Royalties from Mondulkiri gold mines total $10 million

According to a recent press statement from the Ministry of Mines and Energy (MME), Renaissance Minerals (Cambodia) Limited processed 6,727 kg of gold while paying the Kingdom over $10 million in royalties. The first foreign firm granted a license by the government of Cambodia to mine gold is Renaissance ...

According to a recent press st...

June 13, 2023

Market Update

In the first five months of 2023, exports from Cambodia total $9.18 billion

According to a General Department of Customs and Excise report, Cambodia's exports in the first five months of 2023 were $9.18 billion, a decrease of 2.4% from $9.41 billion for the same period in 2022. Clothing, shoes, luggage, bicycles, and agricultural goods such rice, rubber, cassava, bananas, ...

According to a General Departm...

June 12, 2023

Market Update

In the first five months, milled rice exports to China brought approximately $77.3 million to Cambodia

In the first five months of 2023, Cambodia shipped 118,041 tons of milled rice to China, bringing in $77.4 million, according to a press statement from the Cambodia Rice Federation (CRF). According to a press release, "China is the main export market for Cambodian milled rice, accounting for 42.43% ...

In the first five months of 20...

June 9, 2023

Market Update

As construction on the Phnom Penh-Bavet expressway begins, a deal for the third expressway is signed

On June 7, an agreement for a third expressway from the capital to Siem Reap and on to the Thai border at Poipet town was also reached. This expressway would run from Phnom Penh to the border with Vietnam at Bavet Town. Sun Chanthol, ...

On June 7, an agreement for a ...

June 8, 2023

Market Update

In Q1 2023, the insurance sector in Cambodia had growth of 5.6% YoY

n the first quarter (Q1) of 2023, the insurance sector in Cambodia recorded total premiums of 93.3 million US dollars, an increase of 5.6% YoY from $88.3 million in 2022. According to the Insurance Regulator of Cambodia (IRC) report, the growth was brought about by 18 general insurers, ...

n the first quarter (Q1) of 20...

June 7, 2023