Cambodia's trade with RCEP members up 14.6% in Q1 2024
14 Apr 24 1 min read
Insights
- Cambodia's trade with member countries of the Regional Comprehensive Economic Partnership (RCEP) was worth $8.36 billion in Q1 2024—up by 14.6 per cent YoY.
- The nation's goods exports to the RCEP countries were worth $2.69 billion in Q1—up by 25.7 per cent YoY.
- Its imports from RCEP members were worth $5.66 billion during the quarter—up by 10 per cent YoY.
The figure was 65.8 per cent of its $12.7 billion total trade volume during the January-March period this year, a report by the ministry said.
The nation’s goods exports to the RCEP countries were worth $2.69 billion in Q1 2024—up by 25.7 per cent year on year (YoY). Its imports from RCEP members were worth $5.66 billion during the quarter—up by 10 per cent YoY.
Its top five trading partners under the pact are China, Vietnam, Thailand, Japan and Singapore, a global newswire reported.
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- RCEP, China FTA, boost Cambodian exports in Jan-May 2024
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The ministry feels despite rising protectionism and weakening global demand, RCEP has boosted regional trade and investment cooperation, bringing tremendous benefits to all the member countries.
Fibre2Fashion News Desk (DS)
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