Logo of Phnom Penh Post newspaper Phnom Penh Post - Exports to Japan on the rise

Exports to Japan on the rise

Exports to Japan on the rise

7 japan cambodia exports heng chivoan

Cambodia's exports to Japan were worth $126 million in the first quarter of the year, a rise of 23 per cent quarter-on-quarter, from $102 million in 2012, according to statistics from the Japan External Trade Organization (JETRO) which were released late last week.

Kiyotaka Doho, a representative of JETRO Cambodia, said the acceleration of exports to Japan could be attributed to growing ties between the two countries as well as a diversification of Cambodia’s exports.

In addition to long-established export sectors like garments and footwear, Doho told the Post last week, Cambodia’s exports of electrical machinery is also on the rise.

“Many Japanese manufacturers assemble automotive parts here [in Cambodia] and export to Japan,” he said, adding that growing Japanese investment in the country was largely responsible for the increase in exports.

The products Cambodia shipped to Japan included footwear, woven apparel, knitted apparel and electronic machinery. In return, Cambodia imports mainly machinery, vehicles, electronic machinery, meat, ships and boats, according to JETRO’s trade figures.  

Michael Lor, Chief Executive Officer of Canadia Bank, which signed an agreement late last week with Bank of Tokyo-Mitsubishi UFJ to establish a business alliance in Cambodia, said Japanese investors are responding to Cambodia’s developing economy, and view the Kingdom as a good place for long-term investment.

“The economy is strong, and forecasts point to continued long-term growth as investors from a variety of industries and countries, notably Japan, make Cambodia their choice for investment,” Lor said.

While Cambodian goods exported to Japan were valued at $209 million in 2010, by the end of 2012, the value had reached $404 million.  

According to JETRO’s figures, bilateral trade between Cambodia and Japan reached $177 million in the first three months this year, a 13 per cent rise compared with the corresponding period last year.

MOST VIEWED

  • Twenty years after Pol Pot died a broken man, his memory looms large

    Two decades have passed, but Mea Chron still stands by Pol Pot. Most days he also stands by the mass murderer’s cremation site, keeping guard in the Khmer Rouge’s last stronghold of Anlong Veng. Pol Pot, the widely reviled despot who spearheaded the

  • Reuters: US Embassy fired 32 staff members for sharing pornography

    The United States Embassy in Phnom Penh has fired 32 non-diplomatic staff members who were allegedly caught exchanging pornographic images and video, including of minors, according to the news agency Reuters. Four sources, who spoke on condition of anonymity, told Reuters the content was shared in

  • ‘Trouble’ foreseen in Khmer New Year almanac

    At 9:12am on Saturday, Cambodia’s devout can expect the arrival of Moha Thorathevey, an angel on a peacock holding a trident in one hand and an auspicious serrated wheel in the other. The angel, who has a liking for water hyacinths, will usher in

  • Our 2018 guide to spending Khmer New Year in Phnom Penh

    Khmer New Year festivities are upon us. For the next few days, travellers will be making their way to their home provinces to eat, celebrate, play traditional games and visit a pagoda with offerings. If you will be staying put in Phnom Penh for the