Cambodia-Malaysia trade rises by 23% YoY to $620 mn in 2022

07 Feb '23

1 min read

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The merchandise trade volume between Cambodia and Malaysia was worth $620.373 million last year—a rise of 23.33 per cent year on year (YoY). Cambodian goods exports to and imports from Malaysia amounted to $111.853 million and $508.520 million respectively, up by 10.40 per cent and 26.60 per cent YoY, expanding the country’s trade deficit with Malaysia by 32.06 per cent to $396.667 million.

Cambodia’s exports accounted for a 18.03 per cent share of the bilateral trade—down by 2.11 percentage points on a yearly basis, according to the general department of customs and excise.

Malaysia was Cambodia’s 16th-largest trading partner for the third consecutive year in 2022, accounting for 1.18 per cent of the global total of $52.425 billion—up by 0.14 percentage points YoY, according to a report in a Cambodian media outlet.

In January this year, the Cambodian-Malaysian merchandise trade was to the tune of $41.57 million, down by 13.1 per cent from $47.86 million in December 2021 and down by 19.1 per cent from $51.36 million in November 2022.

Fibre2Fashion News Desk (DS)

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