Cambodia’s Trade With Korea, Vietnam Surges In Q1

Bilateral trade between Cambodia and South Korea surged by 35 percent in the first quarter of 2012, according to statistics released by the Korea Trade and Investment Promotion Agency in Phnom Penh on Saturday.

Total trade reached 160 million US dollars during the January-March period, up 35 percent in the same period last year, Xinhua news agency cited data from the agency.

Cambodia’s exports to South Korea registered an increase of 76 percent with 30 million US dollars in the first quarter, while imports from South Korea totalled 130 million US dollars reflecting a 29 percent increase.

Cambodia’s main exports to South Korea included garments, steel and metal products, and agricultural and forestry products. In return, the country imported garment and textile raw materials, automobiles, electronic goods, and chemical products.

The Trade Office at the Vietnamese Embassy in Phnom Penh reported two-way trade between Cambodia and Vietnam amounted to 919 million US dollars in the first quarter of the year, up 43 percent from 644 million US dollars last year.

Cambodia’s export to Vietnam rose by 57 percent at 201 million US dollars, while Vietnam’s export to Cambodia was 718 million US dollars, a 78 per cent increase from the previous year.

Cambodia’s exports to Vietnam were unprocessed agricultural products such as rice, tobacco, corn, cassava and rubber, while Vietnam exported petroleum, construction materials, IT equipment, agricultural machinery, fertilisers, and consumer products to Cambodia.

 

Category: Economy