China, Thailand, Vietnam imports shrank 25% from Jan-Aug: GDCE

China, Vietnam and Thailand, three major markets which Cambodia imports from, shipped more than $11.5 billion worth of goods here, making up around 70.8 per cent of Cambodia’s total imports of $16.3 billion in the first eight months of 2023, the General Department of Customs and Excise (GDCE) of Cambodia stated.

According to the GDCE, China topped the list with $7.2 billion exports to Cambodia or around 43.9 per cent of the total shipment, slipping 0.6 per cent year-on-year from the same period last year. Imports from Vietnam, which fell 11.7 per cent to $2.5 billion, represented 15 per cent of the total imports, whereas shipments from Thailand shrank 25.8 per cent to $1.9 billion or 11.9 per cent of the share.

Between January and August 2023, Cambodia reduced its spending on imports by 25.2 per cent, which amounted to $16.3 billion compared to $21.8 billion in the corresponding…