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Cambodia exported “vehicle parts” worth $11.272 million in the first quarter of 2023, ended March 31, registering an increase of 43.52 per cent compared to the $7.854 million booked in the same period last year, the Ministry of Commerce reported, citing Customs (GDCE) statistics.
Cambodian exports of “plastics and articles thereof” in the first quarter of 2023 – ended March 31 – were valued at $76.059 million, plunging by nearly 38.06 per cent year-on-year from $122.790 million and sliding almost 10.3 per cent quarter-on-quarter from $84.76 million, according to provisional Customs (GDCE) statistics.
South Korean-owned Yura Harness (Cambodia) Co Ltd is looking at additional investment opportunities in the Cambodian automotive sector and plans to set up a research and development (R&D) centre at an as-yet undetermined location, as the Kingdom’s economic road to recovery continues on a smooth trajectory, according to an industry ministry statement.
Cambodian“iron and steel” imports in the first quarter of 2023 – ended March 31 – clocked in at $93.292 million, rising by nearly 10.95 per cent year-on-year from $84.085 million and close to 6.0 per cent quarter-on-quarter from $88.04 million, according to provisional Customs (GDCE) statistics.
Numbers of Chinese investors in – or expressing interest in – Cambodia have been on a steady climb, and the Kingdom is armed with a bilateral free trade agreement (FTA) with China and similar deals with other countries, as well as preferential market access to many economies, businesspeople and economists have said.