Cambodia’s exports up nearly 26% in first three months
According to the General Department of Customs and Excise of Cambodia, in the first quarter of 2022, Cambodia exported goods worth nearly 6 billion US dollars, an increase of 26% compared to the same period in 2021.
According to a report by the General Department of Customs and Excise of Cambodia, Cambodia’s exports in the three months from January to March amounted to 5,761 million US dollars, an increase of 25.7% compared to the same period last year. Previously, imports from international markets amounted to 7,445 million US dollars, down 0.9%. The main markets in which Cambodia exports more than 2,150 million US dollars, an increase of 43.7%, Vietnam 758 million US dollars, an increase of 3.9%, Thailand 318 million US dollars. An increase of 28%, China $ 321 million and Japan $ 305 million.
According to the source, Cambodia’s exports include $ 2,137 million worth of clothing, $ 404 million worth of grain, $ 495 million worth of leather goods, $ 421 million worth of footwear, machinery and electrical appliances. $ 365 million, fruit $ 234 million. In addition, $ 219 million worth of vegetables, $ 168 million worth of furniture, $ 91 million worth of pearls and gems, $ 117 million worth of rubber exports, along with other major products.
Ministry of Commerce spokesman Seang Thai told VOA Khmer that exports increased in the first quarter as Cambodia was able to control the situation of Kovid-19 outbreak, especially the Royal Government of Cambodia. It is good to vaccinate the people as well as the factory workers, which leads to the trade chain in Cambodia is not obstructed.
“The first important point is the Kovid problem that we have overcome in controlling the spread, and the second is the need for production,” said Seang Thai.
He added that another problem because the trade chain in some countries is disrupted, so foreigners have more orders from Cambodia.
Seang Thai continued: “Outside the demand for products that consumers are still in need, there are some countries where he is stuck in Kovid that has not been successful. The customer also turned to order from us. “So our old orders are still there, which is why exports have increased.”
The spokesman added that the main export items were clothing, footwear, travel bags, bicycles and some agricultural products, most of which were exported to the European Union, Britain, the United States, Canada, Japan and China.
Social development researcher Dr. Meas Ny said that the report in the first quarter, which confirmed the value of Cambodia’s exports, did not know how true, while China and Japan. As a developing country, it has admitted that economic growth has slowed significantly.
“Therefore, there is no reason for Cambodia to recover faster because its economic infrastructure is still weak,” he said.
“We have a hard time because the collection of the national budget in our country is not very transparent,” said Meas Ny. So the only corner information we get is from the government. Thus, it is up to the government to confirm the declaration. “So we do not know if the amount of money collected is what we call the political language or the language of the real money.”
The social watchdog added that it is possible to see through the development of the national budget whether it is possible to see through the development that the government can afford to use the money collected for development. National level.
Mr. Meas Ny added: “It is a challenge, I think the Cambodian economy is still moving forward, but can not grow as expected, because now the world is worried about the global economic crisis. “As the war between Ukraine and Russia continues.”