Cambodia sees 1.41 bln USD trade deficit in 1st half of 2014

16 July 2014

Cambodia has seen a trade deficit of 1.41 billion U.S. dollars in the first six months of this year. Total trade volume reached 8.95 billion dollars early 6 months this year, an increase of 17% from 7.61 billion dollars.

Of the figures, the country's export rose by 20% to 3.77 billion dollars, while import went up by 16 percent to 5.18 billion dollars, leading a trade deficit of 1.41 billion dollars. Cambodia's main trading partners are the United States, European countries, China, South Korea, Japan, Thailand, Vietnam, Singapore and Malaysia. Garment products accounted for over 80 percent of the country's total exports.

The MOC of Cambodia has been working actively to attract more investors and to seek new international markets for Cambodian products in the hope of narrowing trade deficit in the future.

Source:

http://www.asean-china-center.org/english/2014-07/15/c_133484829.htm