Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia-Japan trade tops $1.5B

Cambodia-Japan trade tops $1.5B

Content image - Phnom Penh Post
Cambodian exports were to the tune of $1.61708 billion in 2020, dipping by 6.6 per cent year-on-year, and imports were $484.70 million, sliding by 13.8 per cent year-on-year. YOUSOS APDOULRASHIM

Cambodia-Japan trade tops $1.5B

Trade between Cambodia and Japan reached $1.5094 billion in the first eight months of 2021, up 11.8 per cent year-on-year from $1.350 billion, according to data from the Japan External Trade Organisation (Jetro).

Of that, Cambodian exports to Japan amounted to $1.12423 billion, surging by more than seven per cent year-on-year from $1.04898 billion, and imports were valued at $385.14 million, climbing by 28.0 per cent on a yearly basis from $300.9 million, Jetro reported.

These statistics imply that the trade surplus narrowed by 1.2 per cent to $739.1 million in January-August, from $748 million in the same period of 2020.

Jetro listed garments, and electrical and electronic components as key Cambodian exports to Japan; and machinery, electronics and high-tech products as the main imports.

Cambodia Chamber of Commerce vice-president Lim Heng noted that, even as the global Covid-19 crisis wears on, imports and exports between the two countries have begun witnessing a gradual increase, following a year riddled with simultaneous drops.

He chalked up the import and export figures recorded since the beginning of 2021 as promising signs for the overall state of Cambodia-Japan trade relations, which he said would gain a burst of momentum once direct flights between the two countries resume.

“After establishing a free trade agreement [FTA] with China and [South] Korea, I expect that Cambodia will also be able to reach an FTA with Japan. Once this deal is in place, exports and imports between the two countries will surely grow even faster than at present,” Heng told The Post.

On the other hand, he brushed off the surge in Japanese imports into the Kingdom as a necessary ingredient for increased domestic production.

Heng noted that these imports were predominantly machinery and electronic devices, a considerable share of which are used in production chains that pump out merchandise destined for overseas markets.

Bilateral trade between Cambodia and Japan clocked in at $2.10178 billion last year, down by 8.35 per cent from 2019, Jetro data show.

Cambodian exports were to the tune of $1.61708 billion in 2020, dipping by 6.6 per cent year-on-year, and imports were $484.70 million, sliding by 13.8 per cent year-on-year. The Kingdom’s trade surplus with Japan was $1.1324 billion.

MOST VIEWED

  • Cambodia to waive quarantine requirements Nov 15, no PCR test required

    Prime Minister Hun Sen has decided to lift all quarantine requirements for fully vaccinated travellers and visitors – both Cambodians and foreign nationals – effective from November 15 onward. In a special message addressed to officials and relevant authorities on November 14, Hun Sen said this policy will enable

  • PM: No more quarantine for vaccinated travellers

    Cambodia is lifting all quarantine requirements for vaccinated inbound travellers entering Cambodia by air, waterway or land border checkpoints effective from November 15. Travellers will be required to take a rapid antigen test on arrival rather than waiting for the results of the lengthier polymerase chain

  • No payment required for travellers taking rapid Covid tests on arrival

    Ministry of Health officials said there would be no payment required for the rapid Covid-19 tests given to travellers who arrive in Cambodia from November 15 onwards after the quarantine requirement is lifted for fully vaccinated people. Health ministry spokeswoman Or Vandine told The Post on

  • General’s gun smuggling ring busted

    The Military Police sent six military officers to court on November 22 to face prosecution for possession of 105 illegal rifles and arms smuggling, while investigators say they are still hunting down additional accomplices. Sao Sokha, deputy commander of the Royal Cambodian Armed Forces and commander of

  • More Cambodians studying in US

    The number of Cambodian students studying at US colleges and universities in 2020-21 increased by 14.3 per cent over the previous year despite the Covid-19 pandemic, according to a recent US government report. The 2021 Open Doors report on International Educational Exchange showed that 848 Cambodian students studied

  • Cambodia, Thailand to discuss border reopening

    Cambodian authorities from provinces along the Cambodia-Thailand border will meet with Thai counterparts to discuss reopening border checkpoints to facilitate travel, transfer of products and cross-border trade between the two countries. Banteay Meanchey provincial deputy governor Ly Sary said on November 22 that the provincial administration