Logo of Phnom Penh Post newspaper Phnom Penh Post - Trade between US and Cambodia rises 27 per cent on previous year

Trade between US and Cambodia rises 27 per cent on previous year

Content image - Phnom Penh Post
Garment​ Worker work at Phnom Penh Special Economic Zone in 2014. US brought 24 per cent of Cambodia’s total garment and footwear exports last year. Pha Lina

Trade between US and Cambodia rises 27 per cent on previous year

Bilateral trade volume between Cambodia and the US last year rose 27 per cent to more than $3 billion, Cambodian Minister of Commerce Pan Sorasak said on Monday.

Sorasak said bilateral trade between Cambodia and the US last year increased by about $700 million to $3.31 billion, from $2.61 billion in 2017.

During the fifth coalition council meeting on the Trade and Investment Framework Agreement between Cambodia and the US, the minister said the US is the Kingdom’s second largest market, with Cambodian exports to the US valued at $2.88 billion and imports from the US worth $426 million.

He added that access to the UN Generalised Scheme of Preferences has significantly contributed to help drive trade between the two countries.

According to the Ministry of Commerce, last year the Kingdom’s total exports to international markets amounted to over $12.1 billion, up 10 per cent from 2017. The ministry forecasts that Cambodia’s exports could reach $13 billion this year.

However, according to a National Bank of Cambodia (NBC) report released this week, the Kingdom exported more than $13 billion last year.

The NBC report showed that Cambodia imported more than $18 billion worth of goods last year, leaving Cambodia with a trade deficit of more than $5 billion.


  • 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