• My Saves
  • My Feed
  • My Interests
  • Advertise
  • Governing Body
  • From The Founder's Desk
  • Contact Us
The Better Cambodia
  • News
    NewsShow More
    Hun Manet Praises Technological Progress of Cambodian Youth During Visit to Japan
    Hun Manet Praises Technological Progress of Cambodian Youth During Visit to Japan

    (Tokyo) — Cambodian Prime Minister Hun Manet has praised the rising technological…

    By
    TBC
    Hun Manet and Ishiba Shigeru Reaffirm Comprehensive Cambodia–Japan Partnership
    Hun Manet and Ishiba Shigeru Reaffirm Comprehensive Cambodia–Japan Partnership

    Phnom Penh, May 31, 2025 — During an official visit to Japan…

    By
    TBC
    Kampong Speu to Host Mountain Bike Challenge 2025 Featuring New XCM Marathon Discipline
    Kampong Speu to Host Mountain Bike Challenge 2025 Featuring New XCM Marathon Discipline

    Kampong Speu, Cambodia – May 31, 2025 — Kampong Speu province is…

    By
    TBC
    Cambodia and Japan Launch Comprehensive Economic Co-Creation Package
    Cambodia and Japan Launch Comprehensive Economic Co-Creation Package

    Phnom Penh, Cambodia — Cambodia and Japan have unveiled a comprehensive Economic…

    By
    TBC
    Cambodia to Host 2nd Badminton Asia Southeast Asia Regional Championships in July
    Cambodia to Host 2nd Badminton Asia Southeast Asia Regional Championships in July

    Phnom Penh, May 29, 2025 – Cambodia is set to host the…

    By
    TBC
  • Editors Pick
    Editors PickShow More
    Cambodia’s Trade Resilience: Turning U.S. Tariff Hikes into Regional Growth Opportunities
    Cambodia’s Trade Resilience: Turning U.S. Tariff Hikes into Regional Growth Opportunities

    On April 2, 2025, U.S. President Donald Trump announced sweeping tariff increases…

    By
    Surya Narayan
    Cambodia’s Rise as a Manufacturing and Investment Hub: A Global Perspective

    In recent years, Cambodia has emerged as a preferred destination for manufacturing…

    By
    Surya Narayan
    Cambodia’s Commitment to Environmental Sustainability

    Cambodia is taking remarkable strides towards environmental conservation, as demonstrated by the…

    By
    Surya Narayan
    Building Cambodia’s Future: The Case for a Sovereign Wealth Fund Like Temasek Holdings

    Singapore’s economic success story is a reflection of visionary leadership, strategic investment,…

    By
    Jas Sohl
    Kampot-Kep Salt – Cambodia’s Natural Treasure

    In the coastal provinces of Kampot and Kep, salt harvesting has been…

    By
    Surya Narayan
  • Stories
    StoriesShow More
    The Timeless Tale of Vorvong and Sorvong: A Glimpse into Khmer Folklore

    The epic Khmer folklore of Vorvong and Sorvong stands out, weaving a…

    By
    Surya Narayan
    Empowering Cambodian Youth: Anjali House’s Mission to Shape Futures

    In the heart of Siem Reap, Anjali House, a community learning center…

    By
    Nadalena DeJulio
    Life’s Journey: A Bike Ride Around Tonle Sap Lake

    In a remarkable display of strength and determination, Pheak Keo embarked on…

    By
    Surya Narayan
    Phare Creative Studio: 15 Years of Cambodian Creations for Social Good

    Phare Creative Studio (PCS) is a social business that has been operating…

    By
    Surya Narayan
    Dieng Dorm: The Muffin Man of Siem Reap

    Have you ever heard of the Muffin Man, SiemReap? He lives in…

    By
    Pisey Roeurm
  • Business
    BusinessShow More
    Starbucks Isn’t Just Brewing Coffee It’s Running a Bank in Disguise

    When you think of Starbucks, you probably imagine friendly baristas, cozy interiors,…

    By
    Surya Narayan
    PM Hun Manet Reinforces Pro-Business, Pro-Environment Agenda at Ford Plant Opening

    PURSAT, April 22 – Cambodian Prime Minister Samdech Thipadei Hun Manet reiterated…

    By
    TBC
    Cambodia’s Economy to Grow by 6.1% in 2025 and 6.2% in 2026, Says ADB Report
    Cambodia’s Economy to Grow by 6.1% in 2025 and 6.2% in 2026, Says ADB Report

    Phnom Penh, Apr. 9 – Cambodia’s economy is set to maintain a…

    By
    TBC
    EU and IFAD Announce €80 Million Investment to Modernise Cambodia’s Agricultural Sector
    EU and IFAD Announce €80 Million Investment to Modernise Cambodia’s Agricultural Sector

    The European Union (EU), in collaboration with the European Investment Bank (EIB)…

    By
    TBC
    Cambodia’s Rise as a Manufacturing and Investment Hub: A Global Perspective

    In recent years, Cambodia has emerged as a preferred destination for manufacturing…

    By
    Surya Narayan
  • Opinion Piece
    Opinion PieceShow More
    How Cambodian Entrepreneurs Can Successfully Set Up a Business in the United Kingdom, A Strategic Guide to Growth and Bilateral Benefits

    The United Kingdom continues to be a global leader in business, innovation,…

    By
    Jas Sohl
    Cambodia’s Trade Framework: A Gateway to Global Markets

    Over the past two decades, Cambodia has methodically established a robust regulatory…

    By
    Jas Sohl
    Cambodia’s Cashew Industry, A Future of Growth and Prosperity

    Cambodia’s agricultural sector is experiencing a strong rise in cashew production, making…

    By
    Jas Sohl
    INDO-PACIFIC IN SHARP FOCUS

    Conventional wisdom among scholars and diplomats is that the world cannot afford…

    By
    Dr Mohan Kumar
    The Role of Motivation and Dedication in Buddhist Practice: A Path to Spiritual Growth

    Every human life is seen as a precious opportunity, rich with the…

    By
    Samheng Boros
  • Press Release
    Press ReleaseShow More
    ASEAN Forum Honours OCIC, Pung Kheav Se, and Thierry Tea for Outstanding Business Impact and Leadership
    ASEAN Forum Honours OCIC, Pung Kheav Se, and Thierry Tea for Outstanding Business Impact and Leadership

    May, 2025, Kuala Lumpur, Malaysia — At the ASEAN Leadership & Partnership Forum 2025 in…

    By
    TBC
    Wing Bank Wins Awards for Digital Finance and Social Impact

    Wing Bank Sets a New Standard in Digital Finance and Social Impact,…

    By
    TBC
    Cambrew LTD Launches first ever Carlsberg Official Store on Wingmall, Expanding Digital Retail Presence in Cambodia
    Cambrew LTD Launches first ever Carlsberg Official Store on Wingmall, Expanding Digital Retail Presence in Cambodia

    Cambrew Ltd., part of the Carlsberg Group and one of the leading…

    By
    TBC
    A Cambodian Business Story and the Impact of Pung Kheav Se
    A Cambodian Business Story and the Impact of Pung Kheav Se

    Pung Kheav Se is known as one of Cambodia’s most prominent private…

    By
    TBC
    Grab Partners with Executive Auto to Elevate Ride Experience with High-End Vehicles
    Grab Partners with Executive Auto to Elevate Ride Experience with High-End Vehicles

    Phnom Penh, Cambodia – Grab Cambodia is proud to announce its partnership…

    By
    TBC
  • 🔥
  • Invest In Cambodia
  • Unsung Heroes/ Impact
  • The Better Asia
  • Agriculture
  • Technology
  • Places to Visit
  • Sustainability
Font ResizerAa
The Better CambodiaThe Better Cambodia
Search
  • Home
  • Stories
  • News
  • Startups
  • Cambodian Brands
  • Unsung Heroes/ Impact
  • Sustainability
  • Artisans of Cambodia
  • Invest In Cambodia
  • Guests Posts
  • The Better Asia
  • Governing Body
  • From The Founder’s Desk
  • Contact us
Have an existing account? Sign In
Follow US
  • My Saves
  • My Interests
  • My Feed
© 2025 TBC Media. All Rights Reserved.
The Better Cambodia > Blog > Invest In Cambodia > Business > Cambodia’s Export Success: A Positive Outlook for Economic Growth
BusinessInvest In Cambodia

Cambodia’s Export Success: A Positive Outlook for Economic Growth

Surya Narayan
Last updated: August 12, 2023 1:57 am
Surya Narayan
157 Views
Share
5 Min Read
SHARE

In a remarkable achievement, Cambodia’s export industry has seen a significant surge in value, with a remarkable increase of over 25% in 2022. The country exported goods worth more than $4 billion to the European Union, up from $3.2 billion in 2021, as reported by the Ministry of Commerce’s iTrade Bulletin for July.

Among Cambodia’s exports to the EU market, garments and accessories took the lead, valued at an impressive $2.64 billion. Additionally, footwear, gaiters, vehicles, and leather goods, among other products, contributed to the overall export growth. It is worth mentioning that Cambodia’s exports to the EU have made it the country’s second-largest export market, following the United States. Moreover, the EU stands as Cambodia’s fourth-largest trading partner, preceded by China, the US, and Vietnam.

This significant increase in Cambodia’s export value is a testament to the country’s strong diplomatic relations and the advantageous preferential tariffs offered on imports to the EU. Cambodia’s exemplary partnerships and the EU’s Everything but Arms (EBA) scheme, which grants certain Cambodian goods tax exemptions or reduced taxes, have played a crucial role in this economic success.

Looking ahead, prospects for Cambodia’s trade with the EU remain bright even beyond the current global crisis. The EU, comprising developed economies and high-income populations, presents a lucrative market, and Cambodia must continue to cultivate and sustain this relationship to further bolster export opportunities.

- Advertisement -

In terms of bilateral trade, Cambodia’s imports from the EU experienced a decline of 15.5%, amounting to approximately $811 million in 2022. Despite the dip in imports, the overall trade volume between Cambodia and the EU rose by nearly 16% to reach $4.9 billion, up from $4.2 billion in 2021. This growth signals a mutually beneficial economic partnership between the two entities.

While maintaining positive relations with the EU, Cambodia has also demonstrated its commitment to diversifying its export portfolio. In addition to clothing, travel bags, shoes, bicycles, and select agricultural products now serve as key components of Cambodia’s export industry. This expansion of export goods enhances Cambodia’s economic resilience and opens up new avenues for growth.

Furthermore, the ongoing Russia-Ukraine conflict presents a unique opportunity for Cambodia to boost its agricultural exports to the European market. With Russia and Ukraine previously serving as major suppliers in Europe, Cambodia is well-positioned to increase its agricultural trade and further solidify its presence in the EU market.

The positive trajectory of Cambodia’s export industry in 2022, driven by robust political and diplomatic relations, showcases the nation’s resilience and potential for economic growth. The government’s commitment to cultivating partnerships, coupled with the EU’s support through preferential tariffs, has laid a strong foundation for Cambodia’s export sector to thrive.

The remarkable growth in Cambodia’s international trade volume is another testament to the country’s expanding economic prowess. With a 9.2% increase, reaching $52.4 billion in 2022, Cambodia has recorded a remarkable milestone. Exporting goods worth $22.5 billion, up by 16.4%, and importing $30 billion in goods from international markets, rising by 4.3%, highlight the balanced nature of Cambodia’s trade activities.

Cambodia’s export success story in 2022 paints a positive picture of the country’s economic growth and potential. By capitalizing on favorable trade policies and nurturing strong diplomatic ties, Cambodia has positioned itself as a formidable player in the global market. The surge in exports to the EU and diversification of export goods demonstrate Cambodia’s adaptability and resilience in navigating the ever-changing global trade landscape. With continued dedication and strategic planning, the future looks promising for Cambodia’s export industry and overall economic development.

Source: The PhnomPenh Post

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

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

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any buzzstream.
Share This Article
Facebook Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
BySurya Narayan
Follow:
Founder at The Better Cambodia | Communication Advisor to the Minister attached to the Prime Minister of Cambodia | Marketing Director at True North Lean
Previous Article HoKa trains 3,000 Tourism Workers, Boosting the Hospitality Sector
Next Article Phnom Penh Municipal Governor Launches Tree-Planting Campaign
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -

You Might Also Like

AgricultureInvest In CambodiaNews

Cambodia to Become World’s Largest Cashew Producer, Says Prime Minister

By
Surya Narayan
Cambodian BrandsStartupsUnsung Heroes/ Impact

“Tenbox” – Cambodia’s very own Digital Superstore

By
Surya Narayan
Invest In CambodiaStartups

Rose Entertainment: Luxury Bespoke Event firm in South East Asia

By
Surya Narayan
Invest In Cambodia

Empowering Cambodia’s Future: The Crucial Role of SMEs and Government Support

By
Surya Narayan
© 2025 TBC Media. All Rights Reserved.
No thanks.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

Not a member? Sign Up