Kingdom exports to Japan regain double-digit growth

The Kingdom’s exports to Japan rebounded in the first half of the year, jumping from single-digit growth last year to 19 per cent, new figures from the Japanese External Trade Organization (Jetro) showed.

During the first half of last year, Cambodian exports to Japan grew by 4.5 per cent, while it rose by 4.6 per cent for the whole year. It marked the first time since the financial crisis of 2008 that growth stayed in single digits.

Figures from Jetro revealed that the Kingdom has sent goods worth over $700 million to the island nation over the first six months of this year, marking a growth of 19 per cent over the same period last year.

Goods imported from Japan also saw a rise of 9.1 per cent over the same period and were valued at $191 million.

The Supreme National Economic Council’s senior adviser, Mey Kalyan, said the rebound of exports is a welcome move, despite the fact that the country is in a sensitive period due to the national elections.

“It is a good move to diversify the items Cambodia exports as well as export destinations,” he said, adding that the increase of Japanese investment in the Kingdom has accelerated bilateral trade.https://www.phnompenhpost.com/business/kingdom-exports-japan-regain-double-digit-growth