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Sunday, May 5, 2024

Trade with Thailand exceeds $7.2B

The trade volume between Cambodia and Thailand reached $7.236 billion last year, tumbling 23.17 per cent from 2019, primarily due to the economic disruption of the Covid-19 pandemic, according to the Thai Ministry of Commerce.

Statistics show that Cambodia exported $1.148 billion in merchandise to Thailand in 2020, down 49.49 per cent year-on-year, and imported $6.089 billion, down 14.80 per cent from 2019.

Cambodia Chamber of Commerce vice-president Lim Heng told The Post that the drop in exports was likely due to a shift in agricultural exports away from Thailand to Vietnam.

“We’ve seen a significant increase in exports of agricultural products such as paddy, cassava, corn and legumes to Vietnam,” he said.

Heng said imports mainly comprised food and beverages, construction materials and kitchen appliances.

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