Cambodia-China trade volume hit $14.5 billion, up 19 percent from the previous year, Prime Minister Hun Sen said.

On December 30, during a groundbreaking ceremony for the renovation and upgrade of national roads 31 and 33, Hun Sen said that Cambodia-China trade volume has surpassed $14.5 billion this year, a 19 percent increase.

“In the future, I believe that we will be able to export more products to the Chinese market through the Cambodia-China Free Trade Agreement (CCFTA),” he said. “China prefers 97.53 percent of Cambodia's exports, which is the highest level of the free trade agreement between China and other countries.”

He also spoke of the King, who cooperated with previous Chinese leaders and left a legacy of being a strategic partner and close friend, which would be Cambodia and China's common destiny.

dynamic_detail_1

China has always provided what Cambodia needs, he added.

"Most importantly, the Chinese friend has given Cambodia everything it needs to develop. It doesn’t mean that we want to build roads 35 and 31, but the creditor suggests a different location,” he said. “China will do as we wish.”

According to the OEC, China's top exports to Cambodia in October 2022 were semiconductor devices ($101 million), other knitted or crocheted textiles ($59.6 million), knitted or crocheted fabrics wider than 30 cm ($29 million), aluminium plating ($26.8 million), and synthetic filament yarn woven fabric ($26.2 million)

Meanwhile, China's top imports from Cambodia in October 2022, were rice ($21.8 million), tanned furskins ($19 million), bananas ($10.5 million), trunks and cases ($9.39 million), and knit sweaters ($5.71M).

dynamic_detail_2

In January 2022, the CCFTA entered into force in accordance with the Regional Comprehensive Economic Partnership Agreement.