In the first 10 months of 2023, Cambodia-China trade volume reached US$10B, an increase of 4.6%
In the first 10 months of 2023, Cambodia-China bilateral trade volume was worth US$ 10 billion, an increase of 4.6% compared to 2022. This was stated by National Assembly President Samdech Khuon Sodary during a working meeting with HE ZHANG Qingli, Vice Chairman of the 13th National Committee of the Chinese Political Consultative Conference and […]
Cambodia’s Furniture Market Set to Surge from $100 Million to Over $1 Billion by 2033
The Cambodian furniture market, though relatively small, is primed for substantial expansion in the coming years, with exports projected to soar to $1.484 billion by 2033, as outlined in “The Cambodia Furniture Industry Research Report 2024-2033” published by finance.yahoo on April 17, 2024. Despite a slight downturn in 2023, Cambodia’s furniture manufacturing sector has exhibited […]
Construction Material Imports Surge nearly US$350 million in Q1 2024, Reflecting Cambodia’s Booming Construction Sector
In the first quarter of 2024, Cambodia witnessed a remarkable surge in its construction sector, as imports of construction materials soared to an impressive US$349 million, marking a significant increase of 22.24 percent compared to the same period last year. This data, derived from the General Department of Customs and Excise, illuminates the thriving growth […]
Manhattan SEZ to Expand Operations in Svay Rieng Province
In a significant move aimed at bolstering economic development in Cambodia, Manhattan Special Economic Zone (SEZ) has announced plans for further expansion in Bavet City, Svay Rieng Province, in collaboration with Singapore’s SJ Group. The announcement came following a high-level meeting between HE Sun Chanthol, Deputy Prime Minister and first Vice President of CDC, Mr. […]
2024 – Cambodia succeeds in its campaign to reduce the use of plastic because the volume of imports decreased by 75%
By the first quarter of 2024, the volume of plastic imports into Cambodia has decreased by about 75%, while this decrease shows that the implementation of the campaign to reduce the use of plastic in the past has been successful. This is according to the announcement of the Ministry of Environment on April 10, 2024. […]
Cambodia’s Exports to Korea Skyrocket, Surging 2048% in 2023
In a remarkable surge, Cambodia’s exports to the Republic of Korea soared to US$26.21 million in 2023, marking a staggering increase of 2048% compared to the previous year’s US$1.22 million. This substantial growth underscores the robust trade relationship between the two nations, facilitated by the CKFTA agreement. The data, disclosed by the Spokesperson of the […]