Cambodia's Trade with EU Down 4.9 pct in 2023
This photo taken on May 1, 2023 shows containers stacking up at the Sihanoukville Autonomous Port in Sihanoukville, Cambodia. Photo by Ly Lay/Xinhua
- By Xinhua News Agency
- January 18, 2024 2:00 PM
PHNOM PENH—Cambodia recorded 4.61 billion U.S. dollars in its trade value with the European Union (EU) in 2023, down 4.9 percent from 4.85 billion dollars in a year earlier, said a report by General Department of Customs and Excise on Wednesday.
The kingdom's total export to the EU was valued at 3.66 billion dollars last year, a year-on-year decrease of 9.4 percent, and total import was registered at 949.4 million dollars, up 16.9 percent, the report said.
Main products exported by the Southeast Asian country to the EU were garments, textiles, shoes and travel goods, as well as bicycles, and milled rice.
Cambodian Ministry of Commerce's Secretary of State and Spokesperson Penn Sovicheat said Cambodia's five key trading partners in the EU are Germany, Spain, the Netherlands, France and Belgium.
"The decline in our exports to EU was due to global economic slowdown and uncertainties that had resulted in a plunge in purchase orders from Europe," he told Xinhua.
