H1 Thailand exports up 6.5% after subpar H2

Cambodia exported $527.886 million worth of merchandise to Thailand in the first half (H1) of 2023, up 6.48 per cent from $495.778 million in 2022H1 and up 57.11 per cent from $335.99 million in 2022H2, according to Customs (GDCE).

The volume of goods exchanged between the two kingdoms in 2023H1 amounted to $1.976 billion, down 13.99 per cent year-on-year from $2.297 billion and down 16.54 per cent half-on-half from $2.367 billion, respectively, provisional GDCE data compiled in “International Merchandise Trade Statistics” bulletins show.

Cambodia’s imports from ASEAN’s second largest economy accounted for 73.28 per cent of that, standing at $1.448 billion, down 19.63 per cent year-on-year from $1.801 billion and down 28.72 per cent half-on-half from $2.031 billion.

Cambodia recorded a trade deficit – the amount by which a country’s imports exceed its exports – of…