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The Star
15 hours ago
- Business
- The Star
Cambodia's trade with Asean reaches US$5.9bil in Jan-April, up 4.6 per cent
PHNOM PENH (Xinhua): Cambodia's trade volume with its fellow Asean member states hit US$5.9 billion in the first four months of 2025, up 4.6 per cent from US$5.64 billion over the same period last year, said an official report on Monday. The kingdom exported products totally worth US$2.35 billion to other Asean countries during the January-April period this year, up 7.3 per cent from US$2.19 billion over the same period last year, said the report from the General Department of Customs and Excise. Meanwhile, the country's total import from its fellow Asean countries amounted to US$3.55 billion, up 2.9 per cent from US$3.45 billion, it added. Cambodia's trade volume with the Asean accounted for 29.9 per cent of the country's total trade volume of 19.7 billion dollars in the first four months of 2025, the report said. Cambodia's top five trading partners in Asean were Vietnam, Thailand, Indonesia, Singapore, and Malaysia, the report added. Ministry of Commerce's Secretary of State and Spokesperson Penn Sovicheat said the main products Cambodia exported to Asean included garments, shoes, travel goods, solar panels, electronics, spare parts for vehicles and bicycles, and agricultural products such as milled rice and cashew nuts. Asean (the Association of South-East Asian Nations) comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. Cambodian Prime Minister Hun Manet said at a recent Cambodia-Asean business summit that Asean has established itself as a beacon of stability and prosperity, with immense potential highlighted by its status as the world's fifth-largest economy. He added that the Regional Comprehensive Economic Partnership (RCEP) agreement has further solidified Asean's unwavering commitment to deepening regional integration and fostering mutually beneficial economic and trade ties. - Xinhua
The Star
15-05-2025
- The Star
Cambodia Customs targets illegal durian imports
PHNOM PENH: The General Department of Customs and Excise (GDCE) has instructed all customs authorities to take strict measures against the smuggling of fresh durians through the border corridors under their jurisdiction. In a May 13 letter, the department directed customs institutions to collect durian samples based on risk assessment principles and random checks for analyses, which will be conducted by the General Department of Consumer Protection, Competition and Fraud Suppression (CCF). 'If the results show that products contain substances that may be harmful to health or are of poor quality, the goods must be seized, and a report submitted to the GDCE for further action,' said the GDCE. The tightened measures come amid concerns that durians and other vegetables and fish imported from neighbouring countries may contain chemical substances, such as those used to extend the shelf life of fruits and vegetables or to hasten ripening. Last Friday, authorities in Vietnam's Dak Lak province, which borders Cambodia's Mondulkiri province, announced that they had broken up an operation which used chemicals to accelerate durian ripening. The Vietnamese authorities seized almost US$4 million worth of chemicals. Two individuals were charged after it was determined that they imported the chemicals for the purpose of artificially ripening durians in 2022, according to VN express. - The Phnom Penh Post/ANN
The Star
11-05-2025
- Business
- The Star
Cambodia's export up 14% during January-April period
Women sew clothes for export at a garment factory in the Phnom Penh SEZ. - STPM PHNOM PENH: Cambodia exported products worth US$9.13 billion in the first four months of 2025, a year-on-year increase of 14 per cent, said an official report released on Saturday (May 10). Main exported items included garments, footwear, travel goods, bicycles, car tires, solar panels, and potential agricultural produce such as rice, rubber, cassava, bananas, mangoes, and longans, said the report of the General Department of Customs and Excise. The top five export destinations for the South-East Asian nation are the United States, Vietnam, Japan, China, and Canada, the report added. Meanwhile, the kingdom recorded a total import of 10.36 billion dollars during the January-April period this year, a rise of 19.7 per cent year-on-year, the report said. Key imported goods included petroleum, raw materials for garment, footwear and travel goods, vehicles, machinery, electronic appliances, and consuming products, among others, it added. Ministry of Commerce's Secretary of State and Spokesperson Penn Sovicheat said the Regional Comprehensive Economic Partnership (RCEP) agreement and the Cambodia-China Free Trade Agreement (CCFTA) had injected momentum into the country's trade growth. "Both trade deals have served as a catalyst for our long-term and sustainable trade growth," he told Xinhua. "They are also a magnet to attract more foreign investors to Cambodia." - Xinhua
