Photo by: Pha Lina
South Korean car manufacturer SsangYong's showroom on Kampuchea Krom Boulevard in Phnom Penh.
Growing trade in textiles and cars has contributed to a 45 percent surge in bilateral trade between Cambodia and South Korea in the first 10 months of this year, over the same period of last year.
Data from the Korean Trade-Investment Promotion Agency, received by The Post late last week, showed trade had increased to about US$38.311 million from January to October this year, from $26.431 million in 2009.
Korean exports to Cambodia rose 41.2 percent to $34.776 million, from about $24.467 million.
Meanwhile, Korean imports from the Kingdom increased by 80 percent to $3.335 million from $1.964 million, according to the statistics.
“Textile, rubber and cars are the main products [accounting for the growth],” said Nam-Shik Kang, president of Korean Chamber of Commerce, late last week.
He also pointed to a close relationship between the two nations, which he said had contributed to a positive business environment.
“We are seeing good cooperation between two countries, both politically and in business terms, and hope to keep [it] going for 10 more years,” he said.
Korea’s main exports to the Kingdom were yarn and fabrics, which were up 36.4 percent, road vehicles, which increased by 289 percent, and machinery, which rose about 93 percent.
Cambodia’s main products were garments, up 82 percent, metal products, which increased 96 percent, and crude rubber, which was up a huge 3,022 percent.
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