Trade between Cambodia and Japan reached 778 million USD in the first four months of 2020, up 4 percent year on year, the AKP news agency reported, citing recent statistics from the Japan External Trade Organisation (JETRO).
Workers at a factory in Sihanoukville province of Cambodia (Photo: AFP)
Phnom Penh (VNA) – Trade between Cambodiaand Japan reached 778 million USD in the first four months of 2020, up 4percent year on year, the AKP news agency reported, citing recent statisticsfrom the Japan External Trade Organisation (JETRO).
Of the figure, Cambodia exported 627 million USDworth of products to the Northeast Asian market.
Cambodian products shipped to Japan includeclothes, footwear and electronics, according to the Southeast Asian country’sMinistry of Commerce.
Last year, bilateral trade rose by 13 percent toabout 2.29 billion USD./.
Cambodia’s rice exports are expected to reach 800,000 tonnes in 2020, an estimated rise of 29 percent compared to 2019, according to China’s Xinhua News Agency.
Cambodia expects to export more than 5 million tonnes of agricultural products this year, the Phnom Penh Post quoted Cambodian Ministry of Agriculture, Forestry and Fisheries senior official Ngin Chhay as saying last week.
Cambodia earned 197 million USD from exports of 876,612 locally-assembled bicycles in the first five months this year, up 26 percent and 19 percent, respectively, compared to the same period of last year, according to the General Department of Customs and Excises.
The Cambodian government and management agencies have yet to issue any official documents banning the import of Vietnamese vegetables and fruits, according to the Asia-Africa Market Department under the Vietnamese Ministry of Industry and Trade (MoIT).
To encourage Japanese investors, the Cambodian Chamber of Commerce (CCC) and the Japanese Business Association of Cambodia (JBAC) are planning to request the All Nippon Airways (ANA) - Japan’s largest airline - to resume direct flights to Cambodia ahead of a scheduled September return, according to the Pnom Penh Post.
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The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
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Workers at a factory in Sihanoukville province of Cambodia (Photo: AFP) 
