Logo of Phnom Penh Post newspaper Phnom Penh Post - For 2013, trade value to reach $16 billion

For 2013, trade value to reach $16 billion

For 2013, trade value to reach $16 billion

The value of Cambodia’s overall trade volume for 2013 is expected to reach $16 billion, according to the former Minister of Economy and Finance, Keat Chhon. The figure comes to a 14.4 per cent rise from last year.

Speaking at an import-export fair on Koh Pich yesterday, Chhon, now the permanent deputy prime minister, said the growth is thanks to free market policies and the government’s effort “to promote trading in all target sectors”, a reference to the goal of exporting 1 million tonnes of rice exports by 2015.

“After implementing this policy, rice exports have increased gradually. Exports in the first 11 months of 2013 reached 332,009 tonnes, an increase of almost double from 2012,” he said.

Kong Putheara, director of the statistics department at the Ministry of Commerce, said trade was largely unaffected by election-related protests from the opposition party that started earlier this year, or a series of sometimes violent garment factory demonstrations over wages.

“We are still exporting our goods,” he said.

Economic recovery in two of the country’s biggest importers, the US and EU, was the main driver.

“Because of the better economic situation in US, EU and Japan, Cambodian exports seem to enjoy continuous growth for the time being,” Hiroshi Suzuki, chief economist of the Business Research Institute for Cambodia, said in an August interview.

MOST VIEWED

  • Prince Norodom Ranariddh passes away at 77

    Prince Norodom Ranariddh, the second son of the late King Father Norodom Sihanouk and former First Prime Minister of Cambodia, has passed away in France at the age of 77. “Samdech Krom Preah Norodom Ranariddh has passed away this morning in France just after 9am Paris-time,”

  • No more Africa travel ban but new rules for arrivals

    The Ministry of Health has decided to lift the ban on travellers from or who have travelled through 10 African countries and instead issued a set of standard operating procedures to manage passenger arrivals at Cambodia’s international airports. The 10 African countries are Botswana, Eswatini, Lesotho,

  • Cambodia purchases 4 million Molnupiravir tablets

    Cambodia has arranged for the purchase of four million US-made Molnupiravir pills – enough to treat 100,000 Covid-19 patients – even though the current rate of daily infections in Cambodia remains low. The medicine will be distributed to state hospitals, pharmacies and private clinics, according to the Samdech

  • Rise in planned flights lifts travel hopes

    Six airlines have applied to resume flights in December, while two others have put in for additional flights and routes, according to State Secretariat of Civil Aviation (SSCA) head Mao Havannall on November 29. These account for 43 new weekly domestic and international flights in December, up 16

  • Is Cambodia’s travel sector in for another cheerless holiday season?

    The travel and tourism sector was heaving back to life as borders started to reopen, promising a festive vibe for the holidays and New Year. But Omicron and other Covid-related issues are threatening to close the year on a bleak note ‘Seems [like] Covid-19 won’

  • PM blasts Vietnam general over Covid claims

    Prime Minister Hun Sen on December 6 expressed dismay after Vietnamese general Hoang Xuan Chien, formerly in charge of Vietnam’s border defences, claimed that Cambodia was a source of Covid-19 transmissions to the country. Speaking at the opening ceremony for National Road 11 connecting Prey Veng