Thailand ranks as Cambodia’s fourth-largest trading partner, trailing only behind China, the United States, and Vietnam, as reported by the General Department of Customs and Excise (GDCE).
Between January and September of the current year, the bilateral trade between the two nations amounted to $3.169 billion, reflecting a 12.4% increase compared to the same timeframe in 2023.
Analyzing trade specifics, Cambodia exported goods worth $645.5 million to Thailand, which represents a slight decline of 1%. Conversely, imports from Thailand surged to $2.523 billion, marking a significant increase of 16.4%. This imbalance resulted in a trade deficit for Cambodia, which rose from $1.515 billion in the previous year to $1.878 billion in the current period.
Focusing on September alone, the trade volume between the two countries reached $381.68 million, a remarkable increase of 37.73% from September 2023. During this month, Cambodian exports to Thailand dramatically rose by 55.9% to $74 million, while imports grew by 34% to $307.68 million.
Kim Huot, the director of the Battambang provincial Department of Commerce, emphasized the continued smooth flow of goods across the Cambodia-Thailand border. Key Cambodian exports to Thailand include agricultural products such as mangoes, cassava, corn, pepper, and beans.
Conversely, imports from Thailand consist of construction materials, electrical equipment, agricultural machinery, food, and beverages.
However, challenges remain, particularly for agricultural exporters during the harvest seasons, as Thai authorities occasionally impose stricter import rules to regulate their domestic markets and stabilize prices. Despite these challenges, Huot noted that the exchange of goods has largely remained consistent with previous years.
Source: Khmer Times
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<p>Time: 2024 By: Ministry of Industry and Trade</p>
