Logo of Phnom Penh Post newspaper Phnom Penh Post - Exports to Japan bucking the trend

Exports to Japan bucking the trend

Exports to Japan bucking the trend

Cambodia's exports to Japan dramatically increased during in the first quarter of 2015, bucking the trend of fellow ASEAN member states who all saw a decline in shipments to Japan over the same period.

According to the latest data from the Japanese External Trade Organisation, Cambodia’s year-on-year exports to Japan were up by 37 per cent in the first quarter of 2015, reaching $245 million.

Hiroshi Suzuki, CEO and Chief Economist at the Business Research Institute, said the depreciation of the Yen against the US dollar had seen a slowdown of imports from most countries. But increased exports from Cambodia, he said, was due to the rapid investment of Japanese firms in the Kingdom over the past few years, that was beginning to bear fruit in 2015, he said.

“I suppose that the automobile and electronic parts produced in PPSEZ and other SEZs could be one of the engines for the increasing exports.”

During the first quarter of 2015, Japanese imports from all other ASEAN member countries showed a decline, according to JETRO. This included Thailand who were down by 5 per cent, Vietnam who decreased by 3.5 per cent and Myanmar dropping by 3 per cent.

MOST VIEWED

  • Breaking: US House passes 'Cambodia Democracy Act'

    The US House of Representatives in Washington, DC, on Monday, passed the “HR 526 Cambodia Democracy Act”, also known as the Cambodia Democracy Act of 2019. If signed off by the president, the bill will allow two major sets of action to be taken against high-ranking Cambodian

  • ‘Zero-dollar’ tours under fire

    Minister of Tourism Thong Khon has blamed “zero-dollar” tour operators for the decrease in foreign tourists to Angkor Archaeological Park in the first half of this year and has called for action against them. Angkor Archaeological Park received 1.24 million foreign visitors in the first half

  • Breaking: Rubbish found packed inside 83 containers at S'ville port

    Eighty-three containers packed with rubbish were broken open at Sihanoukville Autonomous Port by joint authorities on Tuesday. The origin of the containers has yet to be ascertained, Ministry of Environment spokesman Neth Pheaktra said. Pheaktra, who is also the ministry’s secretary of state, said

  • VIP prison scrapped amid much criticism

    The Ministry of Interior announced on Thursday that Cambodia’s first privately run prison, which was to allow prisoners with enough money to upgrade to more comfortable cells, has been scrapped. Ministry spokesman Khieu Sopheak said studies had found that no other country in the