Cambodia Import Data

Cambodia's Import/Export Overview and Market Analysis

Imports & Exports

• Top Trade Partners: Cambodia's leading trading partners are China, the United States, Vietnam, Thailand, and Japan.

• Top 5 Imports: Textiles, machinery, vehicles, iron, and electronics. Together, they account for over 50% of total imports.

• Top 5 Exports: Clothing, footwear, travel goods, bicycles, and rubber. These exports make up about 60% of the total export value.

• Trade Balance: Cambodia experiences a trade deficit, with imports outpacing exports, primarily due to high demand for machinery and other industrial goods.

• Import-Export Policies: Cambodia has been working on trade facilitation measures to streamline customs procedures and reduce trade costs. It's also a member of the World Trade Organization, adhering to international trade norms.

Market Conditions

• Consumer Spending: Consumer spending is on the rise, driven by increased wages and a growing middle class. However, economic uncertainties have led to cautious spending patterns.

• Interest Rates & Inflation: The National Bank of Cambodia has maintained relatively stable interest rates to control inflation, which has been moderately increasing due to global economic factors.

• Supply Chain Dynamics: Cambodia's supply chain is improving, with ongoing efforts to boost infrastructure and reduce logistical challenges. However, global supply chain disruptions have had a significant impact.

• Sector Performance: The garment and footwear industries continue to be the economic backbone, while the construction, tourism, and agriculture sectors are showing signs of recovery post-pandemic.

Overall Outlook

Despite facing challenges such as trade deficits and inflationary pressures, Cambodia's economy is poised for growth, supported by robust consumer spending and strategic industries. The government's focus on trade facilitation and market reforms is expected to enhance economic stability and attract more foreign investment.