Cambodian exports to US continue to grow in January 2021
Property Invest in Cambodia -Data from the US Census Bureau showed that Cambodia exported just over $580 million worth of goods to the US in January of 2021, up nearly 31 percent year-one-year.
Two-way trade between the nations rose by almost 5 percent (4.89) to $614 million over the measurement period, according to the US census bureau’s data.
The nation’s trade with the US is expected to continue to grow in 2021 as the availability of COVID-19 vaccines boosts economic activity, said Lim Heng, the vice-president of the Cambodia Chamber of Commerce.
“Throughout the hard times of the COVID-19 pandemic, Cambodia’s exports to the US have continued to rise, with US demand for made-in-Cambodia products still growing,” Heng said.
Cambodia’s main products exported to the US are primarily garments, footwear and travel bag products. US imports to the Kingdom are mostly vehicles, animal feed and machinery.
The garment, footwear and travel bag sectors have seen particular strength in US demand over recent years.
Vongsey Vissoth, permanent secretary of state at the Ministry of Economy and Finance, said in late January that Cambodian product exports to the US will likely increase due to the recovery of the US economy in 2021.