Southeast Asia Information Port (www.dnyxxg.com) – Ban Sok Viet, Secretary of State and Spokesperson of the Ministry of Commerce, recently stated that after Cambodia adjusted its trade structure and reduced imports from Thailand, domestically produced goods now account for approximately 60% to 70% of the market share, sufficient to meet domestic demand. The remaining goods are mainly imported from regional countries such as Vietnam, Malaysia, and Indonesia.
His Excellency Ban Sok Viet pointed out that since ceasing imports of certain goods from Thailand, Cambodia has successfully diversified its import sources: oil and natural gas are now mainly imported from Vietnam and Singapore; food and other daily consumer goods are mainly imported from regional countries such as Malaysia and Indonesia.
The effects of this trade adjustment are significant. The Malaysian Embassy in Cambodia has reported that its exports to Cambodia have tripled compared to before.
Ban Sok Viet emphasized that this round of trade adjustments has brought dual benefits to Cambodia: while Thailand decided to abandon trade opportunities with Cambodia, Cambodia has actually benefited. On the one hand, this has provided valuable development opportunities for domestic enterprises, promoting the growth of domestic industries; on the other hand, other regional countries have also gained equal business opportunities, further deepening Cambodia's international trade cooperation. This optimization of the trade structure has not only enhanced the competitiveness and market share of Cambodian domestic products, but also strengthened economic ties with ASEAN and other regional partners, demonstrating Cambodia's resilience and adaptability in a complex international trade environment.
