A Change of Guard

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Thursday, 28 February 2013

Cambodian exports to Malaysia almost double in 2012

PHNOM PENH, 28 February 2013 (The Cambodia Herald) -- Cambodia's exports to Malaysia almost doubled from $55.5 million a year earlier to $101 million in 2012, the Malaysian Embassy said.

Exports were led by crude rubber at $69.1 million followed by milled rice at $24.3 million, up sharply from $9.5 million in 2011 and only $0.4 million in 2010.

A statement released Wednesday said Malaysia had a "keen interest" in diversifying its sources of rice imports.

The embassy foresees "positive growth" in milled rice imports from Cambodia "subject to gradual development in quality and competitive pricing," it said.

"Although, the modernization of the sector is still ongoing, the result in terms of quality (is) already visible. However, more efforts need (to) be done to develop     (the) Cambodian rice sector to become more price competitive and sufficient in export production."

The statement said overall two-way trade grew 17.3 percent from a year earlier to $376.1 million in 2012. Exports to Cambodia fell 5.1 percent to $248.1 million in the same period.

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