Raising Vietnam’s value through cultural diplomacy PM requests double-digit growth scenarios for national economy in 2025 Vietnamese farm produce favoured by Malaysians: Trade counsellor Tourism potential of islands in southwest Vietnam unlocked Safe nuclear power development essential for clean energy frontier: Japanese expert

Vietnam-Cambodia trade turnover soars by 21.9% in nine months

09:50 | 14/10/2024 Foreign trade Follow Ven.vn on
Vietnam is currently one of Cambodia's three largest trading partners, with bilateral trade turnover continuing to grow rapidly by 21.9% year-on-year to US$5.8 billion up to the end of the third quarter of this year, according to the latest statistics from the Cambodian Ministry of Economy and Finance.
Vietnam-Cambodia trade turnover soars by 21.9% in nine months

Cambodia primarily exported agricultural products such as cashew nuts, and rubber to Vietnam. Vietnam accounts for 13.8% of Cambodia's export market share, while the US makes up for 38.4% of the Southeast Asian nation's market share.

From the first quarter to the third quarter of this year, Cambodia's imports from China accounted for the largest portion, with import turnover reaching US$9.8 billion, equivalent to 46.8% of the import market share.

During the reviewed period, Cambodia run a trade deficit of more than US$8.5 billion with China, while Vietnam ranked second in imports with US$3.1 billion, accounting for 14.6% of the nation’s market share.

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

Source: VOV

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