Viet Nam's shipment to Cambodia sets new record
VGP – In the first ten months of 2018, Viet Nam shipped nearly US$ 300 million of goods to Cambodia, the unprecedented record rate, said the General Department of Viet Nam Customs.
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Source: Vneconomy |
Viet Nam’s export turnover to the neighbor reached US$ 332 million in October, raising the total figure to US$ 3.06 billion in the first ten months, or up US$ 814 million against the same period last year.
The value also set a record over the last ten years (2011-2018) with over US$ 3 billion.
In the January-October period, key Vietnamese exports included steel (US$ 713 million); petrol (US$ 403 million); garments and textiles (US$ 398 million); leather and footwear (US$ 195 million).
Meanwhile, Viet Nam chiefly imported cashew (US$ 280 million); rubber (US$ 90 million); furniture (US$ 88 million).
Viet Nam has run a trade surplus with Cambodia over the past years. Specifically, in 2011, total import revenue between Viet Nam and Cambodia stood at US$ 2.84 billion including US$ 2.41 billion of export and US$ 430 million of import. Viet Nam enjoyed a trade surplus of US$ 1.98 billion.
In 2013, trade surplus hit a record high of US$ 2.4 billion. However, the trade surplus declined to US$ 1.5 billion in 2016.
In the first ten months of 2018, the trade surplus valued at US$ 2.25 billion, accounting for 72% of Viet Nam’s total export revenue to Cambodia.
In spite of neighboring relations, goods circulation between Viet Nam and Cambodia occupied a small proportion of Viet Nam’s total export, only 1%. Last year, Cambodia was the 19th largest export market of Viet Nam./.
By Kim Anh
