Cambodia, Thailand’s trade valued via at $2 billion in first quarter

Cambodia, Thailand’s trade valued via at $2 billion in first quarter

Bilateral trade between Cambodia and Thailand continued to contract amid the efforts of both governments battling to overcome the COVID-19 pandemic and return social and economic development to normal.

Figures from Thailand’s Ministry of Commerce showed that From January to March this year Cambodia exported $330 million of goods to its neighbour, a 48.9 percent decrease compared with the same period last year.

Imports from Thailand decreased 21.3 percent to $1,769 million.

The bilateral trade decreased by 21.3 percent to $2,097.

Agricultural products accounted for the majority of Cambodian exports to Thailand, while Thai exports to Cambodia primarily consisted of energy resources, agriculture fertilider, food supplies and cosmetics.

The two-way trade between the Kingdom of Cambodia and the Kingdom of Thailand was valued at $7,236 million last year, a year-on-year decrease of 23 percent, of which Cambodia exported $1,148 million to Thailand, a year-on-year decrease of 49 percent. Khmer Times