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

  • Government denies claims former Thai PM Yingluck issued Cambodian passport

    Government officials on Thursday denied claims that a Cambodian passport was issued to former Thai Prime Minister Yingluck Shinawatra, who reportedly used it to register a company in Hong Kong. The Hong Kong-based English language South China Morning Post (SCMP) on Wednesday reported Hong Kong

  • 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