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Viet Nam-Cambodia trade value up 21.9% in nine months

VGP - Viet Nam is among Cambodia's three largest trading partners, with bilateral trade turnover reaching US$5.8 billion over the first nine months of this year, a year-on-year increase of 21.9 percent.

Posts Thuy Dung

October 15, 2024 10:23 AM GMT+7
Viet Nam-Cambodia trade value up 21.9% in nine months - Ảnh 1.

According to the Cambodian Ministry of Economy and Finance, during January-September, Viet Nam was the second biggest importer of Cambodian goods, only behind the U.S., with US$2.7 billion, up 33.8 percent against the same period last year.

In the reviewed period, Viet Nam accounted for 13.8 percent of Cambodia's export market share and enjoyed a trade surplus of 3.1 billion with Cambodia.

Cambodia mainly imported garment and textile products, construction materials, petroleum, plastic products and fertilizers from Viet Nam.

Meanwhile, data from the Vietnamese Ministry of Industry and Trade's Asia-Africa Market Department showed that two-way trade grew by an average of 18.5 percent annually between 2010 and 2015, and 17 percent per year between 2016 and 2020, reaching US$5.31 billion in 2020 from US$2.92 billion in 2016.

The year 2022 saw a significant jump of 11 percent to US$10.57 billion in trade value.

Trade has been a bright spot in the Viet Nam-Cambodia relationship, experiencing impressive growth over the past more than a decade and expected to reach US$20 billion in the upcoming time./.