Cambodia's export to RCEP nations rises by 24% YoY in H1 2023

The country’s top three export destinations under the RCEP during H1 2023 were Vietnam, China and Japan, the ministry said in a report.

It shipped products worth nearly $1.43 billion to Vietnam—up by 22 per cent; $713 million to China—up by 17 per cent; and $545 million to Japan—up by 1 per cent, the report said.

RCEP comprises 15 Asia-Pacific countries—ten member states of the Association of Southeast Asian Nations (ASEAN) and their five trading partners: China, Japan, South Korea, Australia and New Zealand.

“The growth clearly shows that the RCEP countries are a potential market for made-in-Cambodia products,” ministry spokesman Penn Sovicheat told a news agency.

ALCHEMPro News Desk (DS)