The value of export from Cambodia has risen to $6.8 billion during the first six months of this year, from $6.2 billion during the same period last year.
The value of imports for the same period reached $10.5 billion. Almost half of the imported goods came from China (46%), followed by the US (28%) and the EU (26.6%).
Such a disparity between export and import values isn’t ideal, but according to National Bank of Cambodia’s (NBC) director-general Chea Serey, the growth of import can be accredited to an increase in domestic demand.
Which basically means that Cambodian people have more money to spend on foreign goods.
And bringing such goods in and out of the country will become a lot easier, when the Southeast Asia Airlines (SSA) will start its operations from the Kingdom soon. The airline, which specialises in air cargo delivery, is now waiting for an approval from the State Secretariat of Civil Aviation (SSCA).
The SSA will fly cargo from Cambodia to Thailand, Malaysia, Singapore and other countries in Southeast Asia twice a day.
The export to China will be on the rise soon too. The Cambodian Ministry of Agriculture just published a list of agricultural products that will be prioritised for export and need to adhere to China’s regulations. The products include fresh mango, pepper, dragon fruit and more.
Once China is happy with the criteria being met, it will be a great time for Cambodian farmers growing fruit and vegetables mentioned on the Ministry’s list.
It will also be a great time for the Sea Of Opportunities, as we’ve already invested in land with most of items from that list being cultivated.Get in touch
with us if you’d like to learn more about investing in Cambodian land!