Cambodia’s Export to U.S. Remains Strong in 2020
AKP Phnom Penh February 09, 2021 --
Cambodia’s export to the U.S. in 2020 remained strong despite the COVID-19 crisis, while that to other main destinations saw a decline.
Figures from the U.S. Census Bureau showed that last year, Cambodia exported US$6,577 million worth of goods to the world largest economy, up 22.8 percent compared to 2019.
The data added that Cambodia imported US$343 million worth of products from the U.S., down 33 percent.
Bilateral trade between the two countries reached all-time high of US$6,921 million, a year-on-year increase of 17.8 percent, according to the report.
Cambodia’s major exported products to the U.S. are garments, footwear and travel products, while its main imported products from this country are vehicles, animal feed and machinery.
The Kingdom’s strong export to the U.S. in 2020 was backed by the export of non-garment products.
The export of Cambodian garment products saw a decline last year, but its non-garment exports were on the rise, pointed out a report from Ministry of Economy and Finance.
The non-garment products are bicycle, furniture, and electronic components.
By Chea Vannak