Home » “Cambodia’s e-commerce market is crucial”- Cambodian Women Entrepreneurs Association (CWEA)

“Cambodia’s e-commerce market is crucial”- Cambodian Women Entrepreneurs Association (CWEA)

by Surya Narayan
0 comment

According to the Cambodian Women Entrepreneurs Association (CWEA), e-Commerce in the country is expected to expand quickly due to the ease of doing business in the Kingdom. According to business owners, the COVID-19 pandemic, the rapid advancement of technology, and the tremendous increase in Internet users have all contributed to the country’s booming e-commerce industry in recent years.

According to the Ministry of Commerce’s newly published iTrade Bulletin, the market value of e-commerce in Cambodia rose to $970 million last year, up 19 percent from $813 million in 2020.

The majority of e-commerce sales were in the fashion industry, which brought in $263.3 million. Electronics came in second with $254.4 million, followed by beauty, health, personal care, and household goods with $230.5 million, toys, passions, and do-it-yourself with $63 million, food and beverages with $101.5 million, furniture with $46.3 million, and media with $11 million.

According to Keo Mom, CEO of Lyly Food Industry and President of the Cambodian Women Entrepreneurs organization, conducting business online has numerous benefits, especially during the lockdown during the Covid-19 Crisis, which is an opportunity for businesses to sell online.

She said, “Due to the COVID-19 pandemic, we have seen a significant increase in online product purchases over the past three years. Renting a residence and a storefront is more expensive for an online business than online advertising.”

She continued, “There are some e-commerce businesses. The amount of trading is still quite low. Furthermore, we believe that e-commerce will keep growing in the future.”

The iTrade bulletin also stated that 55% of online purchase orders for e-commerce were made on desktop computers, with the remaining 47% being made on tablets or smartphones.

“E-commerce revenue in Cambodia is predicted to reach $1.78 billion by 2025,” the report stated.

Penn Sovicheat, undersecretary of state and spokesman for the Cambodian Ministry of Commerce, said: “During the pandemic, e-commerce had grown rapidly, and there’s no doubt that the growth will continue in coming years. E-commerce market is a potential sector to help boost our economic recovery in the post-pandemic era.”

Cambodia implemented the landmark E-commerce Law, the Consumer Protection Law, and the Law on Competition in 2019 and 2020, respectively, to encourage the sustainable growth of e-commerce. In addition, the country established an e-commerce strategy in 2020.

Source: Khmer Times

You may also like

Leave a Comment

Explore The Better Cambodia

A vibrant media hub focusing on Cambodia’s remarkable successes and heartening stories. Stay connected to the nation’s progress and be inspired by its promising future.


Sign up for The Better Cambodia's newsletter to receive the latest articles and stories. Stay informed and inspired with our positive content!

Latest News

Copyright © 2023 The Better Cambodia. All rights reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Update Required Flash plugin