Vietnam, Cambodia trade climbs to record level
By Rajiv Menon
1 min read
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Trade between Vietnam and Cambodia reached a record US$7.7 billion in the first eight months of the year.
Vietnam’s exports rose by 32% year-on-year to $4.1 billion, as the country turned last year’s deficit into a surplus, according to its customs department.
The most significant item was iron and steel, accounting for 17% of the total, followed by garments and fuel.
Vietnam’s imports from Cambodia rose marginally to $3.6 billion, with rubber and cashew being the main items.
As a result, last year’s deficit of $0.4 billion turned into a surplus of $0.5 billion.
Cambodia is Vietnam’s third largest trading partner in Southeast Asia, behind Thailand and Singapore.