A report by the ministry said this accounted for 65.8% of the total trade volume worth $12.7 billion in the period from January to March this year.
Cambodia's trade with member countries of the Regional Comprehensive Economic Partnership (RCEP) was worth $8.36 billion in the first quarter of 2024—an increase of 14.6% year-on-year. The country's goods exports to RCEP countries were worth $2.69 billion in the first quarter, up 25.7% over the same period last year. Imports from RCEP members were worth $5.66 billion in the quarter – up 10% year-on-year.
The country's merchandise exports to RCEP countries were worth $2.69 billion in the first quarter of 2024, up 25.7% year-on-year (YoY). Imports from RCEP members were worth $5.66 billion in the quarter – up 10% year-on-year.
The country's top five trading partners under the agreement are China, Vietnam, Thailand, Japan and Singapore, a global news agency reported.
The ministry found that despite rising protectionism and weakening global demand, RCEP has promoted regional trade and investment cooperation, bringing great benefits to all member countries.
Fiber2 Fashion News Desk (DS)
