Two-way trade between Cambodia and South Korea ballooned more than a quarter in the first four months of 2022 compared with the same period last year, in an uptrend observers say will pick up pace after a bilateral free trade agreement (FTA) takes effect, anticipated by the end of the year.
From January to April, trade between the two countries totalled $297.96 million, up by 28.0 per cent year-on-year from $232.75 million, according to the General Department of Customs and Excise of Cambodia (GDCE).
Cambodian exports amounted to $75.92 million, up by 20.2 per cent year-on-year, and imports were $222.04 million, up by 30.9 per cent.
In April alone, bilateral trade was $63.49 million, up by 51.65 per cent compared to the nearly $41.9 million logged in April 2021. Cambodian exports were $14.59 million, up by 12.5 per cent, and imports $48.90 million, up by 69.2 per cent.
Cambodia Chamber of Commerce vice-president Lim Heng told The…
