Cambodia-Japan Trade Valued at Over US$586 Million in Q1
AKP Phnom Penh, May 13, 2020 —
Bilateral trade between Cambodia and Japan was valued at US$586.8 million in the first quarter of this year, a 5 percent increase compared to the same period last year, according to a report of Japan External Trade Organisation (JETRO).
From January to March 2020, Cambodia exported US$475.1 million worth of goods to Japan, up 4.4 percent, while its imports were amounted to US$111.7 million, a 7 percent increase.
A report of the Cambodian Ministry of Commerce showed that the potential products for export from Cambodia to Japan are clothes, footwear, and electronics.
Mr. Lim Heng, Vice President of Cambodia Chamber of Commerce, said that the trade figures highlight the positive demand for Cambodia’s products in foreign markets; particularly the strong activities of manufacturing in the country for exports.
“The figure of bilateral trade of two countries reflects the good sign of investment environment in Cambodia and it shows the active investments in manufacturing and processing locally for overseas exports,” he underlined.
Last year, the two-way trade between both nations rose by 13 percent to US$2,292 million.
By Chea Vannak