Friday , July 19 2024

Vietnam, Cambodia trade climbs to record level

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 biggest item was iron and steel, accounting for 17% of the total, followed by garment and fuel.

Vietnam’s imports from Cambodia went up 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.

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