US remains Cambodia’s biggest market despite declining exports

[geovalin]

The US remained the biggest market for Cambodia with a share of 34.4 percent even though the Kingdom’s exports to the country decreased by 20.2 percent to reach $1.12 billion in the first two months of the year compared to the same period in 2022, showed the latest trade data of the General Department of Customs and Excise (GDCE).

 

For the last two months of 2023, Vietnam remained the second biggest market for Cambodia, with exports to the country reaching $491 million, registering a growth of 36.1 percent year-on-year. Vietnam now accounts for 15 percent of Cambodia’s total exports.

 

The Kingdom’s exports to China, another traditional market for the country, registered a decline of 5.5 percent for January and February and accounted for $198 million. China has a share of six percent in the exports from the Kingdom and is now only the fifth biggest market for the Kingdom after Japan and Thailand.

 

read more https://www.khmertimeskh.com/501255716/us-remains-cambodias-biggest-market-despite-declining-exports/