Sign up | Log in



Home  >>   Daily News  >>   Cambodia News  >> Trade  >> Recovery in large economies gives exports a boost
NEWS UPDATES Asean Affairs   27 August 2013  
Recovery in large economies gives exports a boost

Aided by the recovery of large economies in the United States, the European Union and Japan, Cambodia’s exports jumped more than 20 per cent during the first half of the year compared with the same period in 2012.

Ministry of Commerce data released at the end of last week showed that total exports in the first six months were worth more than $3 billion, a 26 per cent year-on-year increase. Imports, meanwhile, topped exports, at a value of $4.5 billion.

“For Cambodia’s export sector, such as garment and shoes, the good economic situation in major export destinations is most welcome,” said Hiroshi Suzuki, chief economist at the Business Research Institute for Cambodia.

Grant Knuckey, CEO of ANZ Royal Bank, said that the export figures were in line with expectations, and reflective of improvements in quality and processed products.

According to the statistics, total exports of garment wear and textiles went up by nearly 20 per cent to $2.5 billion. Agricultural exports rose by 40 per cent in the same period to reach $293 million, while the remaining products cover a wide range of goods, including electronics.

Knuckey said that the growth of the garment sector is indicative of the pick-up in the US economy. Agricultural exports are less sensitive to growth there because, as staple items, they are under more recently adopted fixed-volume contracts to Europe and the Middle East.

“As such I expect the growth trend on the agricultural side to be maintained,” he said.

Hiroshi said that in addition to garment and shoe exports, the product diversification is a positive sign.

“The export of parts manufactured by Japanese factories in Cambodia seems to grow. This is one piece of evidence that shows the success of the government policy to invite foreign direct investment, especially the labour-intensive industry from Japan,” he said.

“Cambodia’s export diversification of export items [from garments to parts], and export destinations [from the US and the EU to Japan and ASEAN], is now getting the success based on the increase of foreign direct investment.”

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories    27  August 2013 Subsribe Now !
• Recovery in large economies gives exports a boost Subcribe: Asean Affairs Global Magazine
• Corporate giants dominate list of Singapore's 50 fastest growing companies Asean Affairs Premium
• Pentagon chief holds Indonesia talks amid Syria crisis
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Probe vote or face protests: Cambodian opposition
• Social media fuels massive Philippine anti-graft rally
• Societe General plans US$300m sukuk programme in Malaysia
• Haze to return?
Asean Analysis           27 August 2013 Advertise Your Brand
• Asean Analysis- August 27, 2013
• Asean Weekly:The Biweekly Update 23 August 2013
Asean Stock Watch     26 August  2013
• Asean Stock Watch-August 26, 2013 

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand