Logo of Phnom Penh Post newspaper Phnom Penh Post - Over $6B exported in first half: Ministry of Commerce

Over $6B exported in first half: Ministry of Commerce

Content image - Phnom Penh Post
Workers at a capital garment factory. Pha Lina

Over $6B exported in first half: Ministry of Commerce

The Kingdom’s total exports under the Generalised System of Preferences (GSP) during the first half of this year accounted $6.2 billion from $5.3 billion in the same period last year.

This is a 15 per cent increase, with most products destined for the European Union (EU), said data from the Ministry of Commerce.

Seang Thay, a Ministry of Commerce spokesman, said attractive investment policies and an influx of investors were driving production growth and, in turn, exports.

“Over the past two years, after we received GSP for travel goods, the number of factories making bags and suitcases in Cambodia has increased by about 60,” he said.

The big buyers

Ministry of Commerce secretary of state Ork Boung said at an event on Wednesday that goods exported from the country included garments, shoes, bags, rubber, milled rice, cassava and other agricultural products.

They were exported to the EU, US, Canada, Japan, China and Asean markets. More than $11 billion in goods were exported from the Kingdom under the GSP last year.

MOST VIEWED

  • Diplomatic passports issued to foreigners to be annulled

    The Ministry of Foreign Affairs and International Cooperation will move to annul diplomatic passports issued to those not born in Cambodia. Analysts say the move may be in relation to reports that former Thai prime minister Yingluck Shinawatra used a Cambodian passport to register as

  • Hun Sen warns Irish MP of EBA ‘mistake’

    Prime Minister Hun Sen on Saturday told former Irish premier Enda Kenny, still a member of the EU nation’s parliament, that the 28-nation bloc should not make a “third mistake” regarding Cambodia by using the preferential Everything But Arms (EBA) agreement to “take 16 million

  • The hairy little heroes saving many lives in rural Cambodia

    IN RURAL Siem Reap province, rats dare to tread where no person will, as these hairy little heroes place their lives on the line each day for the good of the local community. The rodents are the most important members of a special team, leading

  • PM warns EU and opposition on 34th anniversary of his rule

    HUN Sen reached the milestone of 34 years as Cambodian prime minister on Monday and used the groundbreaking ceremony for a new ring road around Phnom Penh to tell the international community that putting sanctions on the Kingdom meant killing the opposition. “Please don’t forget