A Change of Guard

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Thursday, 23 August 2012

Cambodia's trade with U.S. reaches 1.39 bln USD in H1, up 4.5 pct [Cambodia has a huge trade surplus with the U.S, but had a huge trade deficit with China]

PHNOM PENH, Aug. 22 (Xinhua) -- Bilateral trade volume between Cambodia and the United States had jumped to 1.39 billion U.S. dollars in the first six months of this year, a 4.5 percent rise compared with 1.33 billion U.S. dollars at the same period last year, according to the statistics of the U.S. Department of Commerce obtained on Wednesday.

From January to June this year, Cambodia's exports to the U.S. were 1.27 billion U.S. dollars, up 1.6 percent if compared with the same period last year, while the country's imports from the U. S. were 120 million U.S. dollars, up 47.6 percent.

Cambodia has mostly exported garments, textile and footwear to the United States. In exchange, it has bought vehicles, machinery, and medical equipment and supplies.

According to the report, last year, the two countries' trade volume was 2.9 billion U.S. dollars, up 18 percent from 2.45 billion U.S. dollars in a year earlier.

1 comment:

Anonymous said...

trade with the U.S is one thing but using American currency in the country is somethings else. Even better, most Cambodians now are studying English as their second language. I was impress to meet all those Tuk Tuk drivers speak English. I thing in the next ten years, Cambodia will seemingly as to become another American state.