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

  • Second Hungary business forum set for H2

    Cambodia has asked Hungary to provide GSP- (Generalised System of Preferences) Plus facilities for when the Kingdom sheds its least-developed country (LDC) label, as the two countries prepare to hold a second business forum in the second half (H2) of this year to expand trade

  • 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

  • CPP sets out five primary strategic goals for 2023-28

    The Cambodian People’s Party (CPP) on January 29 concluded its two-day extraordinary congress, setting the party’s priority goals for 2023-2028. The ruling party’s congress was attended by more than 3,000 members from across the Kingdom, including the members of the permanent and central committees,

  • Nearly 50 states join Kun Khmer Federation, all set for training

    In a little over a week, the Kun Khmer International Federation (KKIF) has accepted membership requests from 20 new nations, in addition to the exiting 29. The sudden influx of international recognition stems from the Kingdom’s successful introduction of Kun Khmer to the 32nd Souheast Asian (