Trade with Japan increased significantly in 2018, with exports soaring 27.3 percent and imports growing by 17.8 percent, according to the latest figures from the Japan External Trade Organization (JETRO).
Agriculture Ministry is working on a proposal to reduce taxes on rubber exports.
Exports of rice last year declined slightly, according to a report issued yesterday by the Secretariat of One Window Service for Rice Export Formality (SOWS-REF).
Trade with foreign partners decelerated in 2018, with exports growing by just 4 percent, compared to 19 percent last year.
According to the latest semi-annual report from the National Bank of Cambodia (NBC), the construction sector is set to be one of the biggest contributors to the Kingdom’s forecasted 7 percent economic growth this year.
China reports far weaker than expected November exports and imports.
Investors in Southeast Asia are bracing for the potential impact of a recession in the US even as the world’s largest economy nears its longest stretch of growth in history.
In 2015, the Cambodian government’s set target of exporting one million tons of rice fell short the moment it was announced.
With trade and political ties between the governments strengthening, Cambodian exports to Japan rose sharply in the first nine months of the year.
Cambodia is looking for new markets abroad for its rice, following news of impending tariffs in the European Union.
Exports of fish and related products in Cambodia rose slightly during the first nine months of the year, according to the latest report from the Ministry of Agriculture, Forestry and Fisheries, though the sector suffered a small drop in revenue.
The United Nations Conference on Trade and Development (UNCTAD) on Monday promised to support the expansion of Cambodian exports, particularly bicycles, during bilateral talks with the Cambodian Prime Minister in Switzerland.
Cambodia stands to benefit from the ongoing trade spat between the United States and China, with exports of Cambodian travel goods particularly likely to increase as a result of the dispute.
Trade with Japan increased significantly during the first half of the year, with exports soaring 19% and imports by 9.5%.
Exports of garment and footwear products achieve solid growth.
Mexico should retaliate if the United States slaps duties on auto exports, says adviser.
Imports of US aircraft help push Japan to a trade deficit in May, official data shows.
Striking truckers in Brazil disrupted supplies and exports from one of the world’s agricultural powerhouses, triggering the premature slaughter of millions of chickens as feed failed to reach farmers.
Cambodian exports to the United States, the world’s largest economy, rose sharply during the first three months of the year following a marked increase in the shipments of travel goods after the US renewed its Generalized System of Preferences in March.
With the EU still working out the kinks of Brexit, imports from the UK to Cambodia exploded last year, growing by 112%.
Cambodia must move fast to make the most of the recent tax reform in the US.
Cambodian exports to Japan soared during the first three months of 2018, reaching $390 million, a 15% hike.
The Chamber of Commerce aims to boost local usage of barcodes to protect the market against counterfeit products.
The restoration of US’s Generalized System of Preferences programme becomes effective on Sunday.
The garment and footwear industry continues to play a pivotal role in the economy.
Cambodia has 436,340 hectares of rubber plantations, of which 39% are harvestable.
Milled rice exports fell about 3.4% in the first three months of the year compared with the same period last year.
Producers, traders and exporters in Banteay Meanchey and Oddar Meanchey will now be able to obtain the form without leaving the province.
According to local cassava associations, the price of the commodity is significantly higher than in previous years due to heightened demand in foreign markets.
Rubber exports to the international market saw an increase of 31 percent during the first ten months of 2017.