Cambodia sees sharp rise in trade with Vietnam in Q1

   PHNOM PENH, May 24 (Xinhua) -- The bilateral trade volume between Cambodia and Vietnam had reached 331 million U.S. dollars in the first three months of this year, rose 32 percent from only 251 million U.S. dollars at the same period last year, according to the government report on Tuesday.

   Of the figure, from January to March this year, Vietnam’s exports to Cambodia were 295 million U.S. dollars, up 28 percent from 231 million U.S. dollars at the same period last year, while Cambodia’s exports to Vietnam were 36 million U.S. dollars, rose 80 percent from 20 million U.S. dollars, recorded the report of the commerce ministry’s statistics and planning department.

   Generally, Cambodia exported unprocessed agricultural products such as rice, corn, cassava, rubbers to Vietnam, while Vietnam exported petroleum, construction materials, IT equipment, agricultural machinery, fertilizers, and consumer products to Cambodia.

   Vietnam is the second largest trade partner with Cambodia. The first largest one is Thailand and the third one is China.

   Last year, Cambodia-Vietnam’s total trade volume was 1.83 billion U.S. dollars, of which the exports from Cambodia worth 276 million U.S. dollars. (Nguon Sovan)