Logo of Phnom Penh Post newspaper Phnom Penh Post - Port volume on the rise in Q1

Port volume on the rise in Q1

Port volume on the rise in Q1

Cargo volumes at Cambodia’s two largest ports increased steadily during the first three months of the year, signalling stability in the Kingdom’s economy, port officials say.

Data from Sihanoukville Autonomous Port (SAP), Cambodia’s largest shipping dock, showed more than 860,000 20-foot-long shipping containers passed through the port during the first quarter of the year, up 13 per cent from the same period last year.

While imports accounted for more than three-quarters of the port’s total volume figures, exports increased 35 per cent year-on-year, the SAP figures show.

Chea Sambath, chief of SAP’s planning and marketing department, said the increase in both import and export shipments from the country’s largest port entry demonstrate the Cambodian economy’s secure foothold and ability to withstand political and social turbulence.

“The rise of import and exports of goods reflects the growth of our economy even when we have some demonstrations, which cause production in some factories to slow down,” he said.

Sambath pointed out that between January and March, the port saw a notable increase in agricultural exports, especially milled rice, as well as continued high levels of garment and textile exports.

Meanwhile, the Phnom Penh Autonomous Port (PPAP) saw an 18 per cent increase in volume with some 29,000 containers passing through between January and March, compared with 24,000 containers a year earlier.

Hei Bavy, director-general of PPAP, said the first-quarter rise was not as great as he had hoped, and blamed slow progress in regional and global economies.

“The volume of import and export is still increasing at the same rate as we have seen in the past few years,” he said.

MOST VIEWED

  • Seven positive for Covid-19, Hun Sen confirms local transmission

    Prime Minister Hun Sen announced that there has been local community transmission of Covid-19. However, he urged the people not to panic even though the Ministry of Health announced the discovery of seven new cases on Sunday. Among the victims are Chhem Savuth, the director-general

  • Cambodia at ‘most critical moment’, Hun Sen warns

    Prime Minister Hun Sen said the first community transmission of Covid-19 in Cambodia has led the country to the “most critical moment” that warranted urgent, large-scale operations to contain the pandemic. Hun Sen, who confirmed the first local transmission on November 28, said the source of

  • PM confirms community transmission, calls for unity

    Prime Minister Hun Sen has called on the public to stay calm, unite and follow the Ministry of Health guidelines after the wife of a senior official tested positive for Covid-19 in the Kingdom’s first case of community transmission. The case has drawn criticism

  • Over 110 garment factories close

    A government official said on November 22 that at least 110 garment factories had closed in the first nine months of the year and left more than 55,000 workers without jobs – but union leaders worry those numbers could be much higher. Ministry of Labour and Vocational Training undersecretary

  • Singapore group seeks $14M in damages from PPSP over ‘breach of contract’

    Singapore-based Asiatic Group (Holdings) Ltd is seeking a minimum of $14.4 million relief from Cambodia Securities Exchange (CSX)-listed Phnom Penh Special Economic Zone Plc (PPSP) for allegedly breaching a power plant joint venture (JV) agreement. Asiatic Group’s wholly-owned Colben System Pte Ltd and 95 per

  • PM vows to protect Hun family

    Prime Minister Hun Sen has vowed to continue his fight against opposition politicians who he said intend to smash the Hun family. Without naming the politicians but apparently referring to former leaders of the Supreme Court-dissolved Cambodia National Rescue Party (CNRP), Hun Sen said there