Cambodia's int'l trade up nearly 15 pct in 10 months year on year

PHNOM PENH, Nov. 12: Cambodia's international trade volume hit 44.5 billion U.S. dollars in the first 10 months of 2022, up 14.9 per cent from 38.7 billion dollars over the same period last year, an official report showed on Saturday.

The kingdom's total exports were valued at 18.7 billion dollars during the January-October period this year, up 19 per cent year on year, and total imports reached 25.8 billion dollars, up 12 per cent, according to the General Department of Customs and Excise report.

China remained the biggest trading partner of Cambodia, followed by the United States, Vietnam, Thailand and Singapore, the report said.

Cambodian Ministry of Commerce's undersecretary of state Penn Sovicheat attributed the growth to the full resumption of socio-economic activities, free trade agreements, and a rise in global demand.

"The Regional Comprehensive Economic Partnership (RCEP) trade pact and the Cambodia-China Free Trade Agreement (CCFTA), which both entered into force earlier this year, have given and will continue to give a boost to our foreign trade growth in coming years," he told Xinhua.