Import-export activities in Sihanoukville Special Economic Zone (SSEZ) rose nearly 40 per cent to $1.374 billion in the first half of 2022 from $994 million a year ago, thanks to the gradual recovery of production and higher regional and global demand. “SSEZ has maintained stable development along with the effort by employees, which pushed up the import-export value by 38.23 per cent year-on-year,” according to a statement by the operator, Sihanoukville Special Economy Zone Co Ltd. Cambodia Chamber of Commerce (CCC) vice-president Lim Heng noted that the growth symbolised the strength of investor confidence in Cambodia, the breadth of export…
Author: Hin Pisei
With prices having plummeted over the past two years, crocodile farmers are seeking the help of the Cambodian government to find more official international markets for export. In businesses that used to bring in thousands of dollars every year, breeders are also looking to attract investors for the processing of crocodile skin products to meet domestic demand and for export. One farmer told The Post that the Cambodian crocodile market has been in decline for the past six to seven years due to a lack of clear export markets, with only informal exports to Vietnam and Thailand. Lim Rithy, the…
The government has approved L-Q New Energy Co Ltd’s application to build a solar panel factory with a capital investment of $84 million for export to international markets, namely the US. The Council for the Development of Cambodia (CDC) on July 18, which issued a final certificate of registration to L-Q New Energy, said the factory to be located in the UBE Snoul Special Economic Zone in Trapaing Sre village, Pi Thnou commune, Snuol district, Kratie province would create some 1,000 new jobs. The approval follows US President Joe Biden’s June announcement on tariff exemptions on solar cell and module…
Bilateral trade between Cambodia and Canada totalled $583.04 million in the first half (H1) of 2022, up by 35.60 per cent from the $429.97 million booked in the corresponding period last year, according to the General Department of Customs and Excise (GDCE). In the January-June period, Cambodia exported $569.19 million worth of goods to Canada, rising by 38.6 per cent year-on-year from $410.69 million, and imported $13.84 million, down by 28.2 per cent from $19.28 million. The Kingdom’s trade surplus with Canada for the period stood at $555 million, expanding by 41.9 per cent from $391 million. Canada was the…
The private tourism sector breathed a sigh of relief after the government announced that it would continue to exempt all types of monthly taxes – except value-added tax (VAT) – for hotels, guesthouses and travel agencies registered with the General Department of Taxation (GDT) that operate in the capital or in Siem Reap or Preah Sihanouk provinces, for three additional months to September. Despite the government’s efforts, recovery in the industry has fallen short of expectations amidst uncertainty-induced shocks arising largely from heightened geopolitical and Covid-19 risks, especially in these three localities, where businesses are characteristically dependent on foreign travellers,…
Mainland China accounted for more than one-third of the value of Cambodia’s imports in the first half of this year, sales which have substantially driven economic growth in the Kingdom and supported conditions for employment sustainability, according to economists and businessmen. Cambodia imported $5.37428 billion worth of goods from mainland China in the January-June period – up by 24.175 per cent year-on-year from $4.32799 billion – representing the largest share or 33.88 per cent of total exports, which clocked in at $15.864 billion, according to the General Department of Customs and Excise (GDCE). In the Greater China market, the Kingdom…
Cambodia imported iron and steel worth $185.76 million in the first six months of 2022, marking an increase of 20.1 per cent over the $154.72 million recorded in the same period last year, according to Customs. This accounted for 1.171 per cent of the Kingdom’s total goods imports over January-June, valued at $15.864 billion, statistics from the General Department of Customs and Excise of Cambodia indicate. Last month alone, iron and steel imports stood at $35.92 million – up 21.3 per cent from $29.61 million in June 2021 – accounting for 19.3 per cent of the six-month total. June’s figure…
Bilateral trade between Cambodia and the US in the first half of 2022 amounted to $4.81656 billion, up by 51.752 per cent from the $3.17397 billion logged in the same period last year, according to the General Department of Customs and Excise (GDCE). Cambodian exports to the US accounted for $4.64834 billion, up by 53.96 per cent year-on-year from $3.11925 billion, while imports clocked in at $168.22 million, up by 8.7 per cent from $154.72 million. This means the Kingdom’s trade surplus with the US in the first half was $4.4801 billion, expanding by 51.12 per cent from $2.9645 billion…
Cambodia exported more than 2.06 million tonnes of milled and paddy rice worth nearly $616 million in the first half of 2022, up by 4.41 per cent by volume and 19.18 per cent by value on a yearly basis, the Ministry of Agriculture, Forestry and Fisheries reported. The report, compiled by the ministry’s General Directorate of Agriculture based on figures from the National Phytosanitary Database, said paddy exports – exclusively to Vietnam – amounted to 1,733,157 tonnes, up by 2.38 per cent year-on-year from 1,692,813 tonnes, valued at $336,232,458, up by 20.38 per cent from $279,314,145 in January-June 2021. Of…
Cambodia exported more than 2.3 million tonnes of cassava in the first half (H1) of 2022, up more than two-fifths year-on-year, of which Thailand bought the largest share at over 1.3 million tonnes or 59.49 per cent, according to the Ministry of Agriculture, Forestry and Fisheries. The report, compiled by the ministry’s General Directorate of Agriculture based on figures from the National Phytosanitary Database, breaks down the exports by four categories: cassava chips, fresh cassava, tapioca starch, and cassava pulp. From January-June, the Kingdom exported a total of 2,300,919.39 tonnes of cassava, up by 42.55 per cent over the 1,614,129.76…