Rice Export to Vietnam Increase

Rice Export to Vietnam Increase

Cambodia’s exports to Vietnam rose in 2020 despite both nations imposing strict cross-border movement control to fight the pandemic.

Data from the Ministry of Commerce showed Cambodia’s exports to Vietnam rising by 14.8 percent in 2020 to $385 million.

Cambodian imports from Vietnam decreased by 3.1 percent to $2,633 million.

Bilateral trade between the countries amounted to $3,018 million, a year-on-year decrease of 1.13 percent.

The increase of Cambodian exports to Vietnam reflected an increased demand for agricultural products, said Lim Heng, vice-president of Cambodia Chamber of Commerce.

Cambodia’s main exports to Vietnam are raw agricultural products – rice, milled rice, cashew nuts and rubber. Imports are mainly steel, petrol, garments and textiles, leather and footwear.

Cambodia has imposed strict checks on goods and border-crossing transport. People crossing the border must enter a 14 day quarantine.

Prime Minister Hun Sen has called for provinces that share borders with neighbouring countries to facilitate the transport of goods.

“I call for paying attention to strengthening quarantine practices, but also the facilitation of businesses running at the border areas to expand. Our markets depend on trade with neighbouring countries from whom we import much into our country and our exports to them as well,” the premier said.