Logo of Phnom Penh Post newspaper Phnom Penh Post - Japanese, Cambodia trade is up 19 per cent

Japanese, Cambodia trade is up 19 per cent

Japanese, Cambodia trade is up 19 per cent

Trade volume between Cambodia and Japan had grown 19 per cent in the first six months of 2013 compared with the same period last year, figures from the Japan External Trade Organisation show.

Bilateral trade reached $347 million in the first half, compared with $291 million first six months of 2012.

“The economic relationship between Japan and Cambodia is growing steadily,” said Takayoshi Kuromiya, counsellor for the Japanese embassy in Cambodia. “These kinds of trends are very welcome.”

“More and more Japanese companies are interested in Cambodia,” Kuromiya added.

Cambodian exports to Japan were up 31 per cent in the first six months, with an estimated total of $240 million, while imports from Japan dropped one per cent, to $107 million. Agricultural and garment products made up a majority of the Cambodian exports. Japanese imports were mainly vehicles and electronics.

Compared with other regional countries, Cambodian exports to Japan saw the largest growth. Bangladeshi and Pakistani exports saw hikes of 22.2 per cent and 5.1 per cent, respectively.

Cambodian-Japanese trade volume totalled $641 million during 2012.

In recent years, a number of Japanese companies have moved into Cambodia. Tokyo-based auto supplier Yazaki has invested $24 million in an electronic parts plant in the Koh Kong Special Economic Zone. In September, AEON committed $200 million to build a four-storey shopping mall in Phnom Penh.

MOST VIEWED

  • Prince injured, wife dies after accident

    THE wife of former First Prime Minister Prince Norodom Ranariddh, Ouk Phalla, 39, died while the prince was “severely” injured following a road accident in Preah Sihanouk province’s Prey Nub district on Sunday morning, officials said. Rananriddh, who is also the president of the Funcinpec

  • Bun Heang mocks US, threatens its citizens in scathing open letter

    After being hit with sanctions from the US Department of Treasury, Cambodian General Hing Bun Heang said he would retaliate against any US national who does not respect his country’s sovereignty, has ambitions to invade Cambodia or incites “traitors” in the Kingdom to do

  • Police warn boycott FB group involved in the “Clean Fingers Campaign”

    Police said on Tuesday that they will pick up members of a Facebook group involved in the “Clean Fingers Campaign” that promotes a boycott of next month’s national elections. However, police merely planned to “educate” the group for now, but warned that if the

  • Ranariddh 'seriously injured', his wife dies in accident in Preah Sihanouk

    THE wife of former first prime minister Prince Norodom Ranariddh has died. Ouk Phalla succumbed to injuries sustained in a traffic accident on National Road 4 in Preah Sihanouk’s Prey Nub district this morning. She and the prince were immediately rushed to the Preah Sihanouk