Cambodia’s agricultural exports have declined, but exports to the Chinese market have doubled​

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[INNEWS Comprehensive Report] Recently, the Cambodian Ministry of Agriculture, Forestry and Fisheries released a report stating that in the first nine months of this year, Cambodia exported 5.5 million tons of agricultural products, generating revenue of approximately US$3.2 billion. The export volume of agricultural products decreased by 13% compared with the same period last year.

The report shows that Cambodia’s main exports include rice, rice, bananas, mangoes, cassava, cashew nuts, corn, palm oil, pepper and tobacco. Among them, the export value of rice and rice was US$395 million and US$6.58 respectively, while the export value of non-rice agricultural products reached US$2.16 billion.

While agricultural exports in the first nine months of 2023 fell slightly compared with the same period in 2022, they increased by 2.24% in the past month.

According to the ministry, agriculture is one of the four pillars supporting the Cambodian economy. In 2021, the industry’s contribution to Cambodia’s GDP was 24.4%.

In the past few months, China has become the largest export market for Cambodian rice. Chinese demand for Cambodian rice is also increasing, bringing higher incomes to Cambodian farmers.

In addition to agricultural products, Cambodia also began to ship its aquatic products directly to China after China’s General Administration of Customs approved the list of registered export companies. Cambodia’s export of natural aquatic products to the Chinese market will not only promote trade between Cambodia and China, but also help improve the livelihood of Cambodian fishermen.