Vietnam, Cambodia trade climbs to record level
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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.
Questions & Answers
Q.What was the total trade value between Vietnam and Cambodia in the first eight months of the year?
What was the total trade value between Vietnam and Cambodia in the first eight months of the year?
Trade between the two countries reached a record US$7.7 billion during this period. Vietnam's exports were valued at US$4.1 billion, and its imports from Cambodia were US$3.6 billion.
Q.Which specific goods were the most significant items in Vietnam’s exports to Cambodia?
Which specific goods were the most significant items in Vietnam’s exports to Cambodia?
Iron and steel were the most significant export item, making up 17% of the total. Garments and fuel followed as other major exports from Vietnam to Cambodia.
Q.Did Vietnam have a trade surplus or deficit with Cambodia in the first eight months of the year, and what was its value?
Did Vietnam have a trade surplus or deficit with Cambodia in the first eight months of the year, and what was its value?
Vietnam achieved a trade surplus of US$0.5 billion in the first eight months. This is a reversal from the previous year, when there was a deficit of US$0.4 billion.
Q.What position does Cambodia hold as a trading partner for Vietnam within Southeast Asia?
What position does Cambodia hold as a trading partner for Vietnam within Southeast Asia?
Cambodia is Vietnam's third largest trading partner within the Southeast Asian region. This places it behind Thailand and Singapore in terms of trade volume.
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Will this trade growth continue?
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