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

  • Cambodia maintains 'Kun Khmer' stance despite Thailand’s boycott threat

    Cambodia has taken the position that it will use the term "Kun Khmer" to refer to the sport of kickboxing at the upcoming Southeast Asian (SEA) Games, and has removed the term Muay from all references to the sport. Despite strong reactions from the Thai

  • Chinese group tours return to Cambodia starting Feb 6

    Cambodia is among 20 countries selected by Beijing for a pilot programme allowing travel agencies to provide international group tours as well as flight and hotel packages to Chinese citizens, following a three-year ban. As the days tick down until the programme kicks off on February 6,

  • Capital-Poipet express rail project making headway

    The preliminary results of a feasibility study to upgrade the Phnom Penh-Poipet railway into Cambodia’s first express railway indicate that the project would cost more than $4 billion and would take around four years to complete. The study was carried out by China Road and

  • Thai boxers to join SEA Games’ Kun Khmer event

    The Cambodian SEA Games Organising Committee (CAMSOC) – together with the Kun Khmer International Federation (KKIF) and Khmer Boxing Federation – have achieved a “great success” by including Kun Khmer in the upcoming biennial multi-sports event on its home soil for the first time, said a senior

  • Bullets to bracelets: Siem Reap man makes waste from war wearable

    Jewellery is often made from valuable gemstones like emeralds or diamonds and precious metals like gold or silver, or valueless things like animal horns. But a man in Siem Reap has approached the manufacture of delicate pieces from a different angle. His unique form of

  • 61% of 2022 imports came from just 3 markets

    The three largest exporters to Cambodia – mainland China, Vietnam and Thailand – accounted for 60.94 per cent of the Kingdom’s total merchandise imports last year, at $18.245 billion, which was up 11.99 per cent over 2021, according to the General Department of Customs and Excise. Cambodia’s total imports