English     |     Español     |     Français
Exporting to Canada - Experts in trade for developing countries - TFO Canada
HIDE
  
Sign In or Register
Username:     Password:
 
Remember me   Forgot password?
Not a member? Register here
Not a member? Register here    
Home > About TFO Canada > News

Trade News

Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Cambodia reports 1.14 bln USD trade deficit in 1st five months

Thursday, June 26, 2014 > 08:22:53
Print


(Shanghai Daily)


PHNOM PENH, June 25 (Xinhua) -- Cambodia recorded a trade deficit of 1.14 billion U.S. dollars in the first five months of 2014, a latest report by the Ministry of Commerce showed Wednesday.


Total trade value jumped to 7.32 billion U.S. dollars during the January-May period this year, an increase of 17 percent from 6. 24 billion U.S. dollars for the same period last year, the report said.


Of the amount, exports accounted for 3.09 billion U.S. dollars, rising by 20 percent on year, while imports surged by 15 percent to 4.23 billion U.S. dollars, leading to a trade deficit of 1.14 billion U.S. dollars.


Cambodia's main trading partners include the United States, European countries, China, South Korea, Japan, Thailand, Vietnam, Singapore and Malaysia.


Apparel products accounted for over 80 percent of the country's total exports.


Ken Ratha, the spokesman for the Ministry of Commerce, said the increase in trade value was thanks to Cambodia's better economic performance and good relations between Cambodia and its trading partners.


"The ministry has been working actively to attract more investors to Cambodia and to seek new overseas markets for Cambodian products in the hope of narrowing trade deficit in the future," he said.

Contact TFO Canada
Meet Our Supporters
TFO Canada
130 Slater Street
Suite 1025
Ottawa, Ontario
CANADA   K1P 6E2
T 1.613.233.3925
F 1.613.233.7860
Canada Toll-Free:
1.800.267.9674
 
© TFO Canada   |   Sitemap   |   Terms & Conditions   |   Privacy Policy   |   Contact Us