Cambodia sees 1.41 bln USD trade deficit in 1st half of 2014
Source: Xinhua
Time: 2014-Jul-15 14:18

PHNOM PENH, July 14 (Xinhua) -- Cambodia has seen a trade deficit of 1.41 billion U.S. dollars in the first six months of this year, the latest report of the Ministry of Commerce showed Monday.


Total trade volume reached 8.95 billion dollars during the January-June period this year, an increase of 17 percent from 7.61 billion dollars over the same period last year, the report said.


Of the figures, the country's export rose by 20 percent to 3.77 billion dollars, while import went up by 16 percent to 5.18 billion dollars, leading a trade deficit of 1.41 billion dollars.


Cambodia's main trading partners are the United States, European countries, China, South Korea, Japan, Thailand, Vietnam, Singapore and Malaysia.


Garment products accounted for over 80 percent of the country's total exports.


Ken Ratha, spokesman for the Ministry of Commerce, has recently said that the increase in trade volume was attributed to Cambodia' s better economic performance and good relations with its trading partners.


He said the ministry has been working actively to attract more investors and to seek new international markets for Cambodian products in the hope of narrowing trade deficit in the future.

Editor:Xu Rui
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