Cambodia-Canada Trade Up 26%, EU-Cambodia Trade Up 11% in Jan-Oct 2021

Cambodia-Canada Trade Up 26%, EU-Cambodia Trade Up 11% in Jan-Oct 2021

Trade between Cambodia and Canada was valued at about $822 million in the first 10 months of 2021, marking a 26 per cent year-on-year (YoY) hike, while Cambodia-European Union (EU) trade rose by 11 per cent to about $3.48 billion in that duration, according to the Cambodian ministry of commerce.

The Cambodia Chamber of Commerce is working with the ministry to open its first office in Canada soon.

In January-October 2021, Cambodian exports to Canada were worth $790 million, up by 31 per cent YoY from $604 million, and imports logged $32 million, down by 33 per cent from $48 million in the same period in 2020.

Cambodia has exported a lot of core merchandise to the Canadian market such as textile products, garments and apparel, travel goods and bicycles.

From January to October 2021, while the country’s exports to the EU were valued at $2.62 billion, up 1 per cent compared to the same period last year, it imported $864 million worth of goods from the EU, a YoY rise of 54 per cent, according to Cambodian media reports.

Cambodia mostly exported agricultural products, including milled rice, textiles and footwear, and bicycles to the EU, and imported construction materials, food and beverage and pharmaceutical products. Khmer Times