Friday, April 26,2024 - 15:31 GMT+7  Việt Nam EngLish 

Vietnam’s trade surplus with Cambodia down 

 Friday, April 28,2017

AsemconnectVietnam - Vietnam’s trade surplus with Cambodia has been in decline over the past three years, according to data from the general Department of Customs.

Two-way trade between the nations totalled $2.8 billion in 2011, of which Vietnam’s shipments to Cambodia reached $2.4 billion, and Vietnam imported goods worth around $430 million from the neighbouring country. As such, Vietnam’s trade surplus was some $1.9 billion.
Vietnam’s trade surplus with Cambodia rose to an all-time high of $2.4 billion in 2013, accounting for 83 percent of Vietnam’s total exports to the neighbour.
However, the trade surplus has been falling in the past years, to slightly over $2 billion in 2014 and $1.5 billion in 2016.
Two-way trade between the countries reached $1.08 billion in the first three months of this year. Of the figure, Vietnam exported goods worth $640 million, down 19.6 percent year-on-year, and imported Cambodian commodities worth $446 million, a year-on-year rise of 29.8 percent.
Trade with Cambodia often makes up around 1.1 percent-1.2 percent of Vietnam’s total foreign trade.
Source: Intellasia.net

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