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Tag: turnover

  • Cambodia’s Trade Flourishes: $44B Turnover in 7 Months Marks 21.3% YoY Growth

    Cambodia’s Trade Flourishes: $44B Turnover in 7 Months Marks 21.3% YoY Growth

    Cambodia’s trade activity demonstrated remarkable growth in the first seven months of 2026, with a 21.3% increase in year-on-year total trade, reaching $44.07 billion. This surge came alongside a widening trade gap of $2.44 billion, a rise from the previous year’s deficit of $1.99 billion.

    This surge is attributed to an uptick in both exports and imports, which rose by 21.3% and 21.4% respectively. According to recent data from Cambodia’s General Department of Customs and Excise (GDCE), exports amounted to $20.81 billion, while imports were slightly higher, totaling $23.26 billion.

    Cambodia’s Trade Relations

    The data further revealed that China remained Cambodia’s most valuable trading partner. Trade activities between the two nations escalated by 23.9%, amassing $13.63 billion. Exports to China saw a 24.2% increase, translating to $1.1 billion, which indicates a robust demand for Cambodian goods. On the other hand, imports from China also saw a boost, rising by 23.8% to reach $12.52 billion.

    Apart from China, Cambodia also enjoyed a profitable trade surplus with the United States. Bilateral trade with the U.S. soared by 32.2%, amounting to $9.42 billion. This surge was primarily driven by a 30.6% increase in Cambodian exports to the U.S., particularly in sectors such as garments, footwear, and other manufactured products, which totaled $9.05 billion. Simultaneously, imports from the U.S. more than doubled, showcasing an 87% rise and hinting towards an expansion of bilateral trade relations.

    Trade activity with Vietnam also saw an enhancement, growing by 8.2% to reach $5.35 billion. Exports to Vietnam rose by 12.4%, yielding $2.73 billion, while imports amounted to $2.62 billion, showing a 4.2% increase.

    Questions & Answers

    What is the total value of Cambodia’s trade in the first seven months of 2026?
    The total value of Cambodia’s trade in the first seven months of 2026 is $44.07 billion, marking a 21.3% increase from the previous year.

    Who are Cambodia’s main trading partners?
    Cambodia’s main trading partners are China, the United States, and Vietnam.

    What factors contributed to the surge in bilateral trade between Cambodia and the U.S.?
    The surge in bilateral trade between Cambodia and the U.S. is largely attributed to a significant increase in Cambodian exports, particularly in garments, footwear, and other manufactured products.

  • Vietnam’s Import-export Turnover Hits Record $680.66b In 2025, Reflecting 17.3% Yoy Increase

    Vietnam’s Import-export Turnover Hits Record $680.66b In 2025, Reflecting 17.3% Yoy Increase

    In the initial three quarters of 2025, Vietnam’s total import-export turnover reached a staggering $680.66 billion, which signifies a 17.3% increase in comparison to the same period in the previous year.

    Exponential Export Growth

    The National Statistics Office released data revealing export figures of $348.74 billion during this period, marking an impressive 16% year-on-year rise. The domestic economic sector contributed 24.5%, or $85.41 billion, to the total sum, reflecting a modest 2% annual increase. Meanwhile, the foreign-invested sector, including crude oil, made a more substantial contribution of $263.33 billion, posting a robust 21.4% year-on-year surge.

    A breakdown of the export data shows 32 items with exports surpassing the $1 billion threshold, accounting for 93.1% of the total export turnover. Notably, seven of these items exceeded a hefty $10 billion each.

    Category Analysis

    Further analysis by category illuminates that manufactured industrial products led the pack, generating $309.03 billion or 88.6% of the total exports. Following this were agro-forestry products, with earnings of $29.51 billion, equivalent to 8.5% of the total. Aquatic products and fuels and minerals contributed $8.17 billion (2.3%) and $2.03 billion (0.6%) respectively.

    Import Increase

    On the other side of the trade coin, imports amounted to $331.92 billion during the same period, reflecting a significant 18.8% increase from the prior year. The domestic sector accounted for $105.67 billion of this total, up 4.6%, while an impressive $226.25 billion, up 26.8%, was attributed to the foreign-invested sector.

    In terms of individual items, 43 surpassed the $1 billion mark, contributing to 92.9% of the total import value. Among these, three items went beyond $10 billion.

    Examining imports by category, production inputs formed the vast majority, accounting for $311.22 billion or 93.8%. The remaining $20.7 billion comprised consumer goods.

    Trade Surplus and Services Trade

    Vietnam registered a trade surplus of $16.82 billion in the first nine months of 2025, according to the National Statistics Office.

    Simultaneously, service exports and imports were estimated at $21.99 billion and $30.29 billion respectively, marking a 19.1% and 16.3% increase year-on-year. This resulted in a service trade deficit of $8.3 billion for the period.

    Questions & Answers

    What was the total import-export turnover for Vietnam in the first nine months of 2025?
    The total import-export turnover for Vietnam during this period was $680.66 billion.

    What sector made the most substantial contribution to Vietnam’s exports in this timeframe?
    The foreign-invested sector made the most significant contribution, accounting for $263.33 billion of the total exports.

    How much was Vietnam’s trade surplus in the first nine months of 2025?
    Vietnam recorded a trade surplus of $16.82 billion in the first nine months of 2025.