The volume of bilateral trade between Cambodia and Japan was recorded at $1.01 billion in the first half of this year, a year-on-year decrease of 3.7 percent.
Figures from the Japan External Trade Organisation (JETRO), from January to June, Cambodia exported $791.6 million worth of products to this northeastern Asian market, a year-on-year decrease 0.2 percent.
At the same time, Cambodia spent $218.6 million buying products from Japan, a 14.6 percent decrease.
According to the Ministry of Commerce, the potential products for export from Cambodia to Japan are clothes, footwear and electronics.
Currently, there are 137 Japanese investment projects in Cambodia valued cumulatively at $2.5 billion. They focus mainly on the manufacturing of electronic and electric components, auto spare parts, agro-industry products and food processing materials, hotels, tourism, hospitals and malls, according to the Ministry of Commerce.
Mr. Lim Heng, Vice President of the Cambodia Chamber of Commerce, told AKP that trade activities between Cambodia and its partnered countries having seen a bit slow due to the COVID-19 pandemic is not much a concern.
Last year, the two-way trade between both nations rose by 13 percent to US$2,292 million. Chea Vannak – AKP
This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.