Logo of Phnom Penh Post newspaper Phnom Penh Post - Trade hurt by political and labour turbulence

Trade hurt by political and labour turbulence

Trade hurt by political and labour turbulence

Cambodian trade reached a total of $15.9 billion in 2013, equaling an 18 per cent rise from 2012, according to the Ministry of Commerce.

Exports were valued at $6.9 billion, up from $5.5 billion a year earlier, with garment and textiles accounting for more than 80 per cent of the whole. The US remained Cambodia’s biggest single customer, claiming about 37 per cent of the yearly total.

Meanwhile, Cambodian spending on imports such as petrol, vehicles and construction materials topped exports, increasing from $7.9 billion in 2012 to $9 billion in 2013.

Mey Kalyan, senior adviser to the Supreme National Economic Council, commended Cambodian industries for well-deserved results, but said progress was hampered by political turbulence and later by garment sector industrial action. After July, the opposition party demonstrated on and off for months to protest the results, until crackdowns earlier this month led to a banning of protests.

Violent garment sector strikes at factories towards the end of the year led to the shooting deaths of at least five people, while one person was shot and killed amid opposition protests not long after the election.

“A 26 per cent increase on exports is a good result, but still there were difficulties and we should have done better. There was undoubtedly a negative impact on industry,” he said.

The senior adviser also cautioned the government to keep a close eye on the widening gap between imports and exports.

MOST VIEWED

  • Sihanoukville to begin road project

    The government will spend $200 million to improve Sihanoukville’s infrastructure. The eight-month project will involve the rebuilding of 34 streets with a total of more than 84km. Pal Chandara, the secretary of state and spokesman for the Ministry of Public Works and Transport, told The Post

  • Artefact is seized from American auctioneers

    Cambodian and US archaeologists on Thursday discussed the formalities and procedures of returning to Cambodia an artefact which was recently seized by US Homeland Security Investigators (HSI) from an auction house in San Francisco. On Monday, the HSI said US Immigration and Customs Enforcement (ICE),

  • Bodhisattva statue unearthed

    The Apsara National Authority technical team uncovered a sandstone statue of a Bodhisattva while carrying out excavation work at the east entrance of the Ta Nei temple on October 8. The team was trying to find the temple’s roof stone, which had fallen into a

  • More charges as Rainsy allies warned against backing plot

    More than 20 people have been either arrested or charged with “plotting” since Sam Rainsy, the “acting president” of the Supreme Court-dissolved Cambodia National Rescue Party (CNRP), announced his return to the Kingdom next month. The majority of the arrests have come after September 20, when the