November 14, 2011

Cambodia's trade with Thailand up 9% in 9 months despite recent floods


PHNOM PENH, Nov. 13 -- The bilateral trade between Cambodia and Thailand had seen an increase of nine percent in the first nine months of this year although the two neighbors have been suffering the worst flooding since July.

From January to September this year, the bilateral trade was 2.15 billion U.S. dollars, nine percent increase from 1.97 billion U. S. dollars at the same period last year, Jiranan Wongmongkol, director of the Thai Embassy's Foreign Trade Promotion Office in Phnom Penh, told Xinhua over telephone on Sunday.

Cambodia's exports to Thailand were 137 million U.S. dollars, no increase if compared to the same period last year, while Thailand's exports to Cambodia amounted 2.01 billion U.S. dollars, nine percent rise from 1.84 billion U.S. dollars.

Thailand's main products exported to Cambodia include vehicles, petroleum, processed goods, building materials, fruits, and vegetables, while Cambodia primarily exports agricultural products, second hand garments, recyclable metal, and fish to Thailand.

"The two countries' trade ties remain strong even though both sides are hitting by the worst floods," said Jiranan Wongmongkol." We're still optimistic that the bilateral trade will grow around 20 percent this year."

Cambodia's floods had claimed at least 250 human lives and cost the country about 521 million U.S. dollars, the National Committee for Disaster Management said.

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