Cambodia’s total exports
increased 12.8% to $1.72 billion during the first three months of the year due
to buoyant demand for garments and agricultural goods.
Garments accounted for 88% of
exports, with $1.53 billion in the first quarter this year, despite the
government’s efforts to diversify into higher value industries. Rice exports
increased by 11% from 71,776 tons in 2013 to 81,550 this year, while rubber
exports increased by 26.7% from 15,018 tons in the first quarter of 2013 to
19,041 tons. The value of imports, which included construction materials and
petroleum, was $2.4 billion—$680 million more than the export value.
Independent economist Srey
Chanthy said Cambodia could reduce its trade deficit by relying less on
consumer imports and focusing on obtaining more capital investment.
Source:
http://www.cambodiadaily.com/business/exports-increase-12-8-percent-in-first-quarter-57094/
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