Logo of Phnom Penh Post newspaper Phnom Penh Post - Slight growth in HK trade

Slight growth in HK trade

Slight growth in HK trade

TRADE between Cambodia and Hong Kong rose 8.6 percent in the first four months of 2010, compared to the same period last year, according to figures obtained from Hong Kong Trade Development Council (HKDTC) Monday.

Bilateral trade reached US$173 million in the first four months, up from $159 million for the period 2009. Hong Kong exported $168 million in goods to Cambodia to the end of April, an 8.6 percent increase from $154.7 million over the first four months of last year. Some $5 million was shipped the other way, growing 7.8 percent over the last 12 months.

Cambodia Chamber of Commerce (CCC) Director General Nguon Meng Tech said that the growth was in line with the progress of world economy.
“Our trade with Hong Kong won’t be facing problems, as investors are mostly doing business in our garment factories for export to foreign markets,” he said.

Cambodia’s main exports to Hong Kong were footwear, garment products, unprocessed wood, and rice, while Hong Kong mainly shipped knitted and woven fabrics, telecommunications equipment, yarn, and plastics articles to the Kingdom, according to the statistics.

Ministry of Commerce Foreign Trade Department director general Sok Sopheak could not be reached for comment Monday, but said late last month that bilateral trade is improving so far this year.

Trade between Cambodia and Hong Kong plummeted 22.2 percent last year, falling to $480 million.

MOST VIEWED

  • US to ramp up sanctions after ‘flawed’ national polls

    At a press conference on Wednesday, the US State Department announced that it would expand visa sanctions on the Cambodian officials and individuals it deems responsible for “undermining democracy” in Cambodia. At the briefing, spokesperson Heather Nauert reiterated that the department regarded the July 29 elections

  • US names new ambassador to Cambodia

    US President Donald Trump on Friday appointed W Patrick Murphy as the new US Ambassador to Cambodia, replacing incumbent William A Heidt. A press release posted on the White House’s website said nominee W Patrick Murphy is currently acting principal deputy assistant secretary at

  • Kingdom is at a crossroads between East, West after poll

    It was dubbed a success by caretaker prime minister Hun Sen after the electoral victory of his Cambodian People’s Party (CPP), which is poised to take all seats in the National Assembly. But the July 29 national election has not been positively looked at by

  • Final poll results confirm first single-party Assembly

    IN an unprecedented situation in Cambodian politics, the official results of the July 29 national elections have declared that the Cambodian People’s Party (CPP) will take all 125 seats in the National Assembly on the back of it receiving 76 per cent of the votes. The National