Logo of Phnom Penh Post newspaper Phnom Penh Post - Exports to Malaysia rise

Exports to Malaysia rise

Exports to Malaysia rise

130304 09
Seventy-nine per cent of Malaysia’s imports from Cambodia are agricultural goods such as rice. Photograph: Hong Menea/Phnom Penh Post

Cambodia’s exports of agricultural products to Malaysia rose sharply last year compared to a year earlier, according to a press release from the Malaysian embassy to Cambodia, with milled rice and crude rubber accounting for most of the total.

“For 2012, total imports broke the $100 million mark. A major contributor to this sharp increase was the agriculture sector,” the release says.

Agricultural goods from Cambodia formed 79 per cent of total imports, which reached $101 million compared to $55.5 million the previous year.

Crude rubber was the major component, with a value of $69 million.

The release says that since Cambodia launched its Policy on the Promotion of Paddy Rice Production and Export of Milled Rice in 2010, Malaysia has taken a keen interest in diversifying rice import sources.

Milled-rice imports from Cambodia have consistently increased from $400,000 in 2010 to $9.5 million in 2011 and $24.3 million in 2012.

“Milled rice formed 19 per cent of total imports from Cambodia in 2012 and was the second-biggest import component after crude rubber,” the release says.

“The embassy foresees a positive growth in the milled-rice imports from Cambodia, subject to gradual development in quality and competitive pricing.”

According to data from the single-window secretariat for facilitating milled rice exports, Malaysia ranked top of the listed importers of Cambodian milled rice with nearly 7,000 tonnes of a total 25,726 tonnes shipped in January.

Hean Vanhorn, deputy director-general of the Ministry of Agriculture, Forestry and Fisheries and director of the single-window secretariat, told the Post last week he had noticed the sharp growth of exports to Malaysia.

In the first month of this year, Mal-aysia ranked at a good position for absorbing Cambodian milled rice, Vanhorn said.

Bilateral trade between the two countries rose more than 17 per cent last year to $376.1 million, compared to $320.5 million a year earlier.

Imports from Malaysia totalled $248.1 million, while exports to Mal-aysia were valued at $128 million, the release says.

MOST VIEWED

  • Ethnic group ‘disappointed’ to be denied French visas to attend court

    Eleven people at the centre of a case involving seven indigenous Bunong villages in Mondulkiri province pursuing legal action in France have expressed disappointment after the French embassy in Phnom Penh denied their visa applications to attend court. A press release said the 11 included a

  • Cambodia nabs 12th place in best retirement destinations

    Cambodia is an expatriate hotspot for those dreaming of living a more luxurious lifestyle at an affordable cost, according to International Living’s Annual Global Retirement Index 2019. For the fourth year in a row, Cambodia took the top spot in the Cost of Living category.

  • EU starts EBA withdrawal

    The EU on Monday announced that it has begun the 18-month process of withdrawing the Kingdom’s access to its preferential Everything But Arms (EBA) agreement over “a deterioration of democracy [and] respect for human rights”. However, the Garment Manufacturers Association of Cambodia (GMAC) said

  • PM: War result of foreign meddling

    Prime Minister Hun Sen said on Sunday that Cambodia’s recent history of conflict was caused by foreign interference. “The wars that happened were caused by provocation, incitement, support, smearing and interference from foreign powers, and the group of ignorant people who pushed Cambodia to