In the first 10 months of 2024, Cambodia generated export revenue from products to countries around the world exceeding 4 billion dollars, indicating that the industrial and manufacturing sectors of the economy remain strong despite the impacts of a changing global environment.
📌 Key Products Generating High Export Revenue Cambodia's exports have increased due to key products such as:
🧵 Garments and Textiles It represents the largest share of revenue in the country's traditional export sector.
👟 Footwear and Sports Equipment Closely linked with many large garment factories and major brands.
🍍 Agricultural Products Including rice, coconut water, and coffee, demonstrating international market confidence in the quality of Cambodian products.
🏭 Light Industrial Products A rapidly growing sector due to foreign company investments.
🌍 Major Export Markets of Cambodia The countries that import the most Cambodian products include:
United States
China
Vietnam
Thailand
European Union (EU)
Strengthening trade relations between Cambodia and all of these countries has continuously boosted export revenues.
📈 Why has Cambodia's export increased? Foreign Direct Investment (FDI) continues to flow into factories
Experienced workforce
Government policies support industry
Facilitation of export-import procedures
High production efficiency
🔍 Looking to the future Business experts believe that Cambodia's industrial sector will continue to grow in 2025, as the country is making reforms in transportation, Certificate of Origin (CO) issuance, and Digital Trade systems.
This shows that Cambodia has high potential to build a strong economy and withstand international market competition.
Nation News
0 Comments