PHNOM PENH– Cambodia’s international trade volume hit 44.5 billion U.S. dollars, in the first 10 months of this year, up 14.9 percent from 38.7 billion dollars over the same period last year, an official report showed yesterday.

The kingdom’s total exports were valued at 18.7 billion dollars, during the Jan-Oct period this year, up 19 percent year on year, and total imports reached 25.8 billion dollars, up 12 percent, according to the General Department of Customs and Excise’s report.

China remained the biggest trading partner of Cambodia, followed by the United States, Vietnam, Thailand and Singapore, the report said.

Cambodian Ministry of Commerce’s undersecretary of state, Penn Sovicheat, attributed the growth to the full resumption of socio-economic activities, free trade agreements, and a rise in global demand.

“The Regional Comprehensive Economic Partnership (RCEP) trade pact, and the Cambodia-China Free Trade Agreement (CCFTA), which both entered into force earlier this year, have given and will continue to give a boost to our foreign trade growth in the coming years,” he said.

Source: NAM NEWS NETWORK