Sep 18, 2011


Exports of The Production to Be Unaffected by Debt Crisis

  • Sep 18, 2011
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  • The export to the US and the EU continue to grow though these countries encountered the debt crisis. Main investors are from China and Japan coming to the Kingdom particularly to invest in garment industry, said Ok Boung, Secretary of State of Ministry of Commerce yesterday.

    The Kingdom’s exports soared up by more than 46% to US$2.677 billion in the first seven months of the year, compared to US$1.827 billion in the same period of last year. Among the products exported, milled and unmilled rice, cassava, corn increased by 186% to US$245 million; and demand for garment and textiles jumped by 43.29% to US$2.334 billion.

    However, the import soared up by 50% to US$3.788 billion from US$2.614 billion during the same period last year. The import of food and beverage, petroleum, raw garment material, automobile, increased remarkably by 23.58%, 140%, 17.78%, and 56% respectively, according to official data. In addition, the construction material increased by almost 213% to US$367.7 million. So it reflected the rebound the real estate sector in Cambodia, said Sung Bonna, president of the National Valuers Association of Cambodia yesterday.

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