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Cambodia-Australia trade surges 60.9% YoY in 2022
29 Jan '23
1 min read
Pic: porjai kittawornrat / Shutterstock.com
Bilateral trade between Cambodia and Australia has surged by 60.9 per cent to reach $523 million from $325 million in 2021, according to data released by the General Department of Customs and Excise (GDCE). Exports from Cambodia to the partner country rose by 84.6 per cent to $379 million from $205 million, while imports increased by 20.3 per cent to $144 million from $120 million.
The surge in trade between the two countries can be attributed to the Regional Comprehensive Economic Partnership (RCEP) agreement which came into effect on January 1, 2022.
Cambodia’s trade surplus with Australia amounted to $234 million in 2022, as per GDCE data.
Products like garments, footwear, travel goods and gold are majorly exported by Cambodia to Australia, while it imports machinery, coal, and cereal preparations among other things.
Fibre2Fashion News Desk (KD)
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