EU still the Kingdom’s best export destination

[geovalin]

Sor Chandara

The European Union will continue to remain Cambodia’s biggest export recipient, mopping up $2.32 billion in shipments this year, with the US following a close second at $2.07 billion, according to Commerce Ministry estimates. The ministry, which based the estimate on export numbers for the first 10 months, reported that the EU’s exports were dominated by garments, around $1.9 billion, with the rest of the shipments coming from textiles, footwear and rice.

The Asia Pacific market, a growing export destination for the Kingdom, had $1.1 billion in imports from Cambodia. Ho Sivyong, director of the Import and Export Department at the Ministry of Commerce, said that an increase in exports was reflective of both the US and EU having increased confidence in buying from the Kingdom.

read more: http://www.phnompenhpost.com/business/eu-still-kingdoms-best-export-destination