Logo of Phnom Penh Post newspaper Phnom Penh Post - Kingdom’s logistics firms see diversity

Kingdom’s logistics firms see diversity

Kingdom’s logistics firms see diversity

Logistics firms saw a new level of diversity in Cambodian exports, a trend that would protect the economy from external shock, several shipping companies said.

The Kingdom is on the right track to diversify and increase the export of agricultural products, while decreasing its reliance on garments, Matthew Soloman, Chief Representative of Ben Line Agencies Vietnam & Cambodia told the Post.

Balance in import and export is important to avoid a large payment deficit, and this balance will come through increased diversification and development and will eventually lure manufacturing to the Kingdom he said.

Soloman said the Cambodian export and import market was “dominated” by the garment sector.

“If the Cambodian market continues to focus on the garment sector for export, it won’t be good for the country.”

An increase in furniture being produced for export is expected he told the Post, adding that this would contribute to the increasing diversification of Cambodia’s export sector.

Haven Shipping Agency’s sale manager, Nisay Teng, said he noticed an increase in Cambodia’s export of agricultural products to foreign markets this year.

Cambodia’s agricultural products are usually exported to Russia, European countries, African countries and some Asian countries.

Cambodia will need more time to build a strong production base and avoid importing too many of it’s commodities, he also remarked on mutual support and co-operation between the government and the private sector in improving Cambodia’s production base.

A large amount of capital is unnecessary, the experts, technology and experience will drive growth in the Kingdom he said. Cambodia’s total export rose by 19 per cent year-on-year in the first quarter of 2012 to US$3.2 billion from $2.7 billion which meant a $474 million trade deficit said Nguon Meng Tech, director of the Cambodian Chamber of Commerce.

To contact the reporter on this story: May Kunmakara at [email protected]

MOST VIEWED

  • Cambodia-Thailand rail reconnected after 45 years

    A railway reconnecting Cambodia and Thailand was officially inaugurated on Monday following a 45-year hiatus, with the two kingdoms’ prime ministers in attendance at the ceremony. On the occasion, Cambodian Prime Minister Hun Sen and Thai Prime Minister Prayut Chan-o-cha travelled together from Thailand’s

  • Thousands attend CNRP-organised pro-democracy vigil in South Korea

    Thousands of supporters of the Supreme Court-dissolved Cambodia National Rescue Party (CNRP) on Saturday gathered in the South Korean city of Gwangju to hold a candlelight demonstration calling for the “liberation” of democracy in Cambodia. Yim Sinorn, a CNRP member in South Korea, said on

  • US Embassy: Chinese trade does not help like the West’s

    The US Embassy in Phnom Penh on Friday said relations between China and Cambodia did not create jobs or help industry when compared to the trade between the Kingdom and the US. “About 87 per cent of trade [with China] are Chinese imports, which do not

  • New airport study set for 2019

    A feasibility study on the construction of a new airport in the Kingdom will be launched later this year, according to a Ministry of Tourism spokesman on Monday. The plan was approved last week in a meeting held by the Ministry of Economy and Finance