Cambodia's trade, investment with S. Korea rise sharply in 9 months

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VietStock FI English - 39 month(s) ago 1 readings

The Bilateral trades between Cambodia and South Korea increased by 45 percent in the first nine months of this year, compared to the same period last year as the South Korea's investment in the country increased by 235 percent, according to statistics on Monday.

From January to September this year, the two-way trades between the two countries reached 387 million U.S. dollars, 45 percent up from 267 million dollars at the same period last year, according to the statistics of the South Korea Trade and Investment Promotion Agency in Phnom Penh.

During the period, Cambodia's exports to South Korea were 64 million U.S. dollars, up 100 percent from 32 million U.S. dollars, while South Korea's exports to Cambodia were 323 million U.S. dollars, up 37 percent from 235 million U.S. dollars.

Cambodia's main products exported to South Korea are garments, steel and metal products, and agricultural and forestry products. In return, South Korea's main export items to Cambodia are textile, autos, electronic goods and chemical products.

On the investment side, South Korea's total investment in Cambodia during the first nine months of this year was 134 million U.S. dollars, up 235 percent from only 40 million U.S. dollars at the same time last year, according to reports of the Council for the Development of Cambodia (CDC).

The reports said that from 1994 to September 2011, the South Korea's accumulative investments in Cambodia had reached 4.03 billion U.S. dollars, bringing South Korea as the second largest investor in the country after China.

South Korea's investments here are in the fields of garments, banking and finance, agro-industry, tourism, manufacturing, construction and IT.

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