The Chinese mainland was the largest exporter to Cambodia, with a 34.89 per cent market share, or equivalent to US$10.446 billion – up 7.86 per cent year-on-year. - PPP
PHNOM PENH (The Phnom Penh Post/Asia News Network): Mainland China once again emerged as Cambodia’s largest merchandise trading partner last year, with a volume of US$11.686 billion – up 4.39 per cent over 2021 – of which Chinese exports to the kingdom accounted for a staggering 89.38 per cent share, up 2.87 percentage points on a yearly basis, according to the General Department of Customs and Excise (GDCE).
This market represented 22.29 per cent of Cambodia’s total international merchandise trade for the year, which was to the tune of $52.425 billion.
The Chinese mainland was the largest exporter to Cambodia, with a 34.89 per cent market share, or equivalent to $10.446 billion – up 7.86 per cent year-on-year. The region constituted a 5.52 per cent share of the Kingdom’s total exports, at $1.241 billion, which was down 17.85 per cent from the corresponding 2021 figure.
The Kingdom’s trade deficit with mainland China grew by 12.61 per cent, from $8.174 billion in 2021 to $9.205 billion in 2022, GDCE statistics indicate.
Bilateral trade between Cambodia and China has remained in positive territory over the past couple of years, despite Beijing’s Covid-19 control restrictions on personal travel and freight movements, Cambodia Chamber of Commerce vice-president Lim Heng commented to The Post on Jan 11.
For reference, although the two-way merchandise trade shrunk by 4.44 per cent in 2020, it rebounded by 36.80 per cent in 2021, GDCE figures show.
