Cambodian Exports to the U.S. Commerce Department spokesman Pen Sovicheat said the strong
According to domestic media reports, Cambodia’s trade surplus with the US was US$8,331.6 million, an increase of 34% compared to 2020.
According to a report by the U.S. Census Bureau, the bilateral trade volume between the United States and Cambodia in 2021 will be US$9.159 billion, an increase of 15.8% over the previous year. Cambodia exported US$8.745 billion worth of goods to the US last year, up 33.2 percent year-on-year, while imports from the US rose 20.2 percent to US$413.7 million. #
The trade volume makes the US the largest market for Cambodia.
Cambodia’s exports to the US mainly consist of clothing, including footwear, bicycles and furniture, while the former imports cars, machinery, appliances and electronics.
Cambodia’s travel and luggage products only receive GSP treatment in the US market, and other products such as clothing and footwear are exported under MFN treatment, allowing import discounts.
Fibre2Fashion News Desk (DS)