Cambodia’s exports to U.S. continue to rise
News Type: Marketing News
Cambodia’s export to the world’s biggest economic nation keeps increasing in the first two months of this year, which reflects the increasing demand for Cambodia-made products.
Data from the U.S. Census Bureau showed that from January to February 2021, Cambodia exported $1,120 million worth of goods to the U.S., a 3.3 percent increase compared to the same period last year.
Meanwhile, the imports from the U.S. rose by 26 percent to $67 million.
The bilateral trade of the two countries was recorded at $1,187 million, inching up 4.4 percent.
Cambodia’s major exported products to the U.S. are garments, footwear and travel products, bicycles, while the main imported products from the U.S. are vehicles, animal feed, and machinery.
Bilateral trade between the two countries reached all-time high of $6,921 million in 2020, a year-on-year increase of 17.8 percent, of which $6,577 million were Cambodian exports, up 22.8 percent.
The Kingdom’s strong export to the U.S. in 2020 was backed by the export of non-garment products such as bicycle, furniture, and electronic components, according to a report from the Ministry of Economy and Finance. Chea Vannak – AKP
Source from: KHMER TIMES