Exports to US see 26% growth

Exports to the US grew 26 per cent in the first half of this year, despite tensions over the Kingdom’s July 29 national elections.

This stands in stark contrast to last year when export growth to the US was in single digits.

The latest trade data from the US government said goods from Cambodia brought in between January and June totalled $1.72 billion – representing a 26 per cent growth over last year’s 4.5 per cent compared to the first half of 2016.

The figures also noted that the US exported $214 million worth of goods to the Kingdom.

Supreme National Economic Council senior adviser Mey Kalyan said the first half achievement is a positive move that will strengthen the country’s export capacity.

He pointed out that, despite political tensions in the past year between the two nations, efforts were still being made to boost economic ties.

“It shows that the poor political climate has not contributed to any negative impact on trade,” he said.https://www.phnompenhpost.com/business/exports-us-see-26-growth