Logo of Phnom Penh Post newspaper Phnom Penh Post - Kingdom’s bilateral trade with UK climbs

Kingdom’s bilateral trade with UK climbs

Kingdom’s bilateral trade with UK climbs

BILATERAL trade between Cambodia and the United Kingdom is on track to exceed last year’s total, marking further growth in a relationship that has remained resilient throughout the economic crisis, new data show.

Trade between the UK and Cambodia has increased steadily since 2008, even during the global financial crisis when trade with many of Cambodia’s partners plummeted.

In 2009, total trade between the nations was worth US$272.25 million – a 41 percent increase on the 2008 total of $191.49 million.

Trade growth is set to continue in 2010. Statistics released by the British embassy in Phnom Penh on Monday state that trade was 21 percent greater in the first four months of this year when compared to the same period last year, reaching $90.54 million up from $82.27 million.

The import-export breakdown reveals UK imports from Cambodia increased 18 percent, to $93.93 million from $79.75 million, while UK’s exports more than doubled, rising from $2.48 million to $5.53 million.

Neng Vannak, spokesman of the British Embassy, wrote in an email Tuesday that British companies were active in finance, construction, agriculture and garments.

He said the main products the UK sought from Cambodia were clothing and footwear, while the UK’s main exports to Cambodia were machinery, equipment and livestock.

Nguon Meng Tech, director general of Cambodia Chamber of Commerce said that although trade levels are still relatively low: “If we can increase cooperation it would be good for us.”

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