Some 4,221,153 tons of agricultural products have been exported to foreign markets during the first ten months of this year, despite the global crisis. The figure represents an increase by 47.72 percent y-o-y, according to a recent report from the Ministry of Agriculture, Forestry, and Fisheries.
The report explains that the exported agricultural products included cassava, cashew nuts, corn, fresh banana, pomelos, mangos, pepper, chili, and so on. Although exports of corn, tobacco, and mixed vegetables saw a decline, those of pomelos, mango products (fresh, jam, syrup), cashew nuts, beans, soybeans, and pepper increased sharply, between 120 and over 400 percent, an article on khmertimeskh.com explains.
Exports to China saw significant increase
Cambodia’s goods export to China saw a significant increase in value as the former nation expects to see trade growth with the world’s second biggest economy in years to come. The goods export to China was valued over $1.1 billion in the third quarter this year, a year-on-year increase of 52.74 percent, figures from the Ministry of Commerce stated.
Cambodia imported $6.8 billion worth of goods from China, a 36.32 percent increase compared to the same period last year. This made the bilateral trade at $7.9 billion, a year-on-year increase of 38.36 percent.