Cambodia-Japan Trade Valued at Nearly US$2.3 Billion in 2019
AKP Phnom Penh, April 06, 2020 —
Bilateral trade between Cambodia and Japan rose by 13 percent last year to US$2,292 million, according to Japan External Trade Organisation (JETRO)’s report.
From January to December 2019, Cambodia exported US$1,730 million worth of goods to Japan, a year-on-year increase of 7.7 percent, the report stated.
Meanwhile, it added, Cambodia’s imports from Japan rose by 33.4 percent, to US$562 million.
Japan was ranked the second largest market by country for Cambodian products after the U.S., and the fourth biggest exporter to Cambodia last year.
Figures from the Ministry of Commerce showed that the potential products for export from Cambodia to Japan are clothes, footwear and electronics.
Currently, there are 137 Japanese investment projects in Cambodia valued cumulatively at US$2,500 million, focusing mainly in the manufacturing of electronic and electric components, auto spare parts, agro-industry products and food processing materials, and shopping, hotel, tourism and hospital services.
In 2018, the two-way trade between the two nations was amounted to US$2,028 million, up 25 percent compared to a year earlier.
According to the National Bank of Cambodia’s report, the Kingdom exported US$14.53 billion and imported US$22.19 billion worth of products in 2019, a year-on-year increase by 12.7 percent and 18.6 percent, respectively.
By Chea Vannak