Page 9 - Harmonised System News Today

Cambodia earned $1.395 billion from the export of “articles of apparel and clothing accessories, knitted or crocheted” in the first four months of 2023, down 28.49 per cent year-on-year and down 40.80 per cent half-on-half

The Cambodia Rice Federation (CRF) expects the scale and reach of the Kingdom’s milled-rice exports to expand as the public and private stakeholders work together to reinforce their partnerships with pertinent parties, and set out to regularly take part at major international events to demonstrate on the global stage the high quality and repute of locally-grown grains.

Cambodia earned $1.395 billion from the export of “articles of apparel and clothing accessories, knitted or crocheted” in the first four months of 2023, down 28.49 per cent year-on-year and down 40.80 per cent half-on-half (compared to July-October 2022), according to provisional Customs (GDCE) data compiled in “International Merchandise Trade Statistics” bulletins.

Cambodia has asked Beijing to consider a deal that would commit Chinese state-owned China Oil and Foodstuffs Corp (COFCO) to buy 500,000 tonnes of homegrown milled rice, or 25 per cent more than a recently completed arrangement, which could bring the Kingdom closer to its goal of exporting one million tonne of the processed grains in a single calendar year.

The value of goods traded between Cambodia and Japan reached $573.101 million in the first four months of 2023, a 9.8 per cent reduction from the $635.613 million registered for the same time last year, according to provisional Customs (GDCE) data. Japan was the Kingdom’s fifth biggest trading partner for the period, after mainland China, the US, Vietnam and Thailand.

The Cambodia Chamber of Commerce (CCC) has revealed that it is considering a proposal by a Hong Kong business delegation to open a representative office in the Chinese special administrative region (SAR) to serve as a trade and investment gateway connecting the city to regional markets and beyond.

The Ministry of Commerce is set to hold a five-day Cambodia-Vietnam “friendship market expo” at Da Market – also called the “Cambodian Border Model Market” – in southeastern Tbong Khmum province from June 1-5, in a bid to promote domestic wares and accelerate cross-border trade, which has remained buoyant even during the Covid-19 era.

Cambodia, Malaysia, Thailand and Vietnam (CMTV) may soon have to pay tariffs as high as 254 per cent on the export of solar panels and modules to the US, following claims that mainland Chinese manufacturers could be circumventing Washington’s duties by assembling related equipment

From nil, India exports 2.58 lakh tonnes in 11 months; Russia 3rd largest buyer

Cambodian exported “footwear, gaiters and the like; part of such articles” to the tune of $323.757 million in the first quarter of this year, down 23.18 per cent year-on-year (y-o-y) from $421.443 million, as indicated by provisional Customs (GDCE) data