Exports driving shift in Thai trade
Cambodian exports to Thailand surged by 46 percent last year compared with 2015 while imports from the neighbouring country decreased slightly, according to statistics provided on February 28 by the Ministry of Commerce. The value of Cambodian exports to Thailand reached $936 million by the end of December, from $639 million a year earlier. However, imports fell 6 percent to $4.6 billion during the same period. Total bilateral trade declined slightly year-on-year, now at about $5.6 billion. Soeng Sophary, spokesperson for the Ministry of Commerce, said that while the trade imbalance was still heavily in Thailand’s favour, the increase in exports was a sign that investment in Cambodia’s production capabilities was increasing beyond just satisfying domestic demand.
