Cambodian Exports to the US Increase in Q1 2021
By
B2B Cambodia
on
The most recent data from the US Census Bureau shows that exports to the United States from the Kingdom of Cambodia grew by 16.84 per cent in Q1 2021.
The total values of export from Cambodia to the US were worth nearly $1.863 billion, while during the same period, the Kingdom imported $106 million worth of goods from the United States.
The US is yet to reauthorise its General System of Preferences (GSP) trade benefits for Cambodia which lapsed on December 31, 2020.
The data suggests:
- Bilateral trade between Cambodia and the US increased by more than 17 per cent from $1.679 billion to $1.969 billion.
- The trade surplus widened by over 16 per cent from $1.509 billion to $1.757 billion.
- The US is the biggest imported of Cambodian garments, textiles and travel goods.