Cambodian exports to US down

[geovalin]

Cambodia’s total exports to the United States declined last year compared with 2015, due to uncertainties in the US presidential race and rising exports from Vietnam and new market player Myanmar. According to figures from the Office of the US Trade Representative, total exports from Cambodia to the United States were more than $2.8 billion  last year compared with more than $ $3 billion in 2015 – a decline of about seven percent.
 

Seung Sophary, spokesperson for the Ministry of Commerce, told Khmer Times yesterday that exports went down due to a fall in American consumer demand for overseas products in the latter part of 2016, due to uncertainties in the US presidential race. “The American people were tightening their belts to brace for the worse in the race between the two candidates. There was high uncertainty and this affected their desire to buy imported goods,” said Ms. Sophary.
 

“Now that the election is over, things hopefully will return to normal. The American people have got a new president.” Kaing Monika, deputy director- general of the Garment Manufacturers Association of Cambodia, said that Cambodian garment exports to the US were also facing stiff competition from Vietnam and Myanmar.

 

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