Cambodia’s Regional Trade with RCEP and ASEAN Reaches USD 37.3 Billion

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Cambodia’s trade with regional partners reached USD 37.3 billion during January-August 2024, with RCEP and ASEAN partnerships driving growth across key export sectors.

RCEP Trade Performance

Trade Volume: USD 26.4 Billion (+15% YoY)

1. Exports to RCEP – USD 6.6 billion (+9.6% YoY)
2. Imports from RCEP – USD 19.7 billion (+16.95% YoY)

ASEAN Trade Performance

Trade Volume: USD 10.96 Billion (+4.5% YoY)

1. Exports to ASEAN – USD 3.98 billion (+16% YoY)
2. Imports from ASEAN – USD 6.98 billion (-1.16% YoY)

Major Export Products

1. Garments and textiles
2. Footwear and travel goods
3. Electronics – solar panels, car tires, machinery
4. Agricultural products – rice, cashew nuts, durians, bananas, cassava
5. Rubber and manufactured goods

Primary Import Products

1. Raw materials for garment manufacturing
2. Pharmaceuticals and supplements
3. Consumables and food products

Strategic Outlook

As Cambodia prepares for graduation from Least Developed Country (LDC) status, which will reduce some preferential trade benefits, the Ministry of Commerce is actively pursuing new FTAs to expand market access and sustain export growth. By leveraging trade preferences and diversifying markets, Cambodia continues to strengthen its position in the regional economy.

Source:

• Exports to RCEP surpass $6.6B in Jan-Aug period – Khmer Times
• Kingdom’s trade with ASEAN shoots up to nearly $11B – Khmer Times