Cambodia's trade grows 16%, exceeding $54 billion in 2024

Economy and Industry

Cambodia's trade grows 16%, exceeding $54 billion in 2024 Cambodia's international trade grew by 16% in 2024, reaching $54.74 billion, up from $46.82 billion in 2023. Exports increased by 15.7% to $26.19 billion, while imports rose 18% to $28.54 billion. China, Vietnam, and the U.S. were Cambodia's top trade partners. Free Trade Agreements with China and Korea, along with the Regional Comprehensive Economic Partnership (RCEP), contributed to the trade growth. Cambodia's key exports include garments, machinery, and footwear, while major imports include medicines and food. The country also celebrated its 20th anniversary in the World Trade Organization (WTO), which has enhanced market access and foreign investment. (Source: Khmer Times)

Cambodia secures $6.9 billion in fixed-asset investment in 2024, marking 40% YoY growth In 2024, Cambodia attracted $6.9 billion in fixed-asset investment, a 40% increase from the previous year. The Council for the Development of Cambodia (CDC) approved 414 projects, expected to create 320,000 jobs. China remains the top foreign investor, with major investments in sectors such as garments, agriculture, infrastructure, and renewable energy. Notably, 10 special economic zone projects were approved, worth $850 million and set to generate 4,000 jobs. The country's positive investment growth reflects the effective leadership of Prime Minister Hun Manet. Additionally, free trade agreements with China, South Korea, and the UAE are boosting Cambodia's appeal to foreign investors. (Source: Khmer Times)

New special economic zone opens in Sihanoukville The ISI Special Economic Zone (SEZ), spanning over 800 hectares in Sihanoukville, was officially launched on January 10 by ISI Group in collaboration with capital partners. The launch event was attended by government officials, including Deputy Prime Minister Say Samal, and members of the business community. The project, initially covering 206 hectares with a $50 million investment, is expected to enhance Sihanoukville's economic potential and Cambodia's competitiveness. ISI Group, following successful developments like ISI PARK Veng Sreng. Cambodia currently has 28 active SEZs with 835 factories, employing around 200,000 people, and exports through SEZs reached $5.4 billion in 2024. (Source: Khmer Times)

Corporate News

Cambodia's national airline rebranded as Air Cambodia Cambodia's national carrier, Cambodia Angkor Air, has rebranded as "Air Cambodia" and is expanding its domestic and international routes. The airline marked the rebrand with an event attended by industry representatives. In 2024, Air Cambodia achieved significant growth in market performance, safety, service, fleet size, and talent development, adding three new aircraft to bring its fleet to 32. It will begin flights between Phnom Penh and Bangkok in February and plans to add routes to Japan, South Korea, and other destinations, with intercontinental flights launching next year. Cambodia also saw a record 6.7 million foreign tourists in 2024. (Source: Khmer Times)

Stock Market

CSX index declines by 0.06%, ending at 405.6 points The CSX Index fell slightly by 0.06% to close at 405.6 points. On the main board, declines were led by ABC (-1.38%), PAS (-0.51%), and MJQE (-0.48%), while no stocks recorded gains. PWSA, GTI, PPAP, PPSP, PEPC, and CGSM remained unchanged. On the growth board, DBDE rose by 0.49%, whereas JSL declined by 0.30%. The session saw a total trading volume of 12,043 shares, generating a turnover of KHR 59 million. (Source: YSC Research)

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