Are you thinking of exporting garments, footwear, rubber or rice from Cambodia? Export Portal is here to help you. Let us have a look at Cambodia's trade profile and the nation's main export products.
It is no secret that Cambodia has undertaken a number of initiatives to export its goods to top markets in the world. The incentives include bilateral trade agreements and the membership in ASEAN respectively AFTA and WTO. This approach has had a strong impact on Cambodia’s trade integration and economic development.
Cambodia economic growth is based on four major industries such as manufacturing (garment/footwear, rubber), construction, tourism and agricultural sector. Cambodia's currently main export destinations are the United States, EU, Canada, Japan, Singapore, South Korea, and China. Vietnam and Thailand are also large importers of Cambodian goods.
It is noteworthy to mention that garment and textile products have allowed Cambodia to enter a new age of international trade integration. The garment sector accounts for 80 percent of exports.
Another main export of the country is rubber. Cambodia has a long history of rubber cultivation that began in French colonial times. Rubber has became an important crop year after year increasing the number of foreign investors. All Cambodian rubber is for export, and mostly is exported to Vietnam, Malaysia, China, and Singapore for its further processing.
The Cambodian government also supports the export promotion of the following goods: beer, cassava, corn, sea products, rice including organic rice, rubber, silk including silk handicraft, soybeans, fruit and vegetables, wood products including sustainable construction materials, such as bamboo flooring and others.
Export Portal is your top online marketplace for finding Cambodian Rubber Suppliers and Manufacturers, Textile Suppliers and Manufacturers from Cambodia, Cambodian Rice Exporters or Cambodian Shoe Suppliers. As to Cambodian Manufacturers and Companies, they are invited to advertise and sell their products on one the greatest online platforms allowing to reach numerous consumers throughout the world.
Statistics show that Cambodia is world's 105th most complex economy, 81st largest exporter and 93rd largest importer. It should be mentioned that in the last ten years Cambodia has experienced a significant economic progress of 7.9 percent from 2000 to 2015. The country has an open market economy, with the largest industries being tourism (2 million people visited Cambodia in 2006) and garment industry (textiles). Agriculture still represents the main source of income for the population in Cambodia. The main crop are rubber, cassava, groundnuts, sesame seeds, sweet potatoes, maize, dry beans and soybeans. The country has a great potential of oil and natural gas resources which are however unexplored.
Cambodia is a member of the World Bank, International Monetary Fund and United Nations. The major Cambodia's import partners are China, Thailand, Hong Kong, Vietnam, Taiwan ans Singapore. Cambodia's biggest source of foreign investment and source of foreign aid is China. Cambodia's foreign policy main goals are to establish friendly relations with the bordering countries, namely Vietnam and Thailand, and integrate into regional and global trading associations.
Cambodia's main imports are machinery, pharmaceutical products, light rubberized knitted fabric, petroleum products, construction materials, motor vehicles, gold, planes, cigarettes. Light rubberized knitted fabric is the number one imported product – 11.2 percent of the total imports. On the second position is situated refined petroleum which constitutes 10 percent of all imports.
Customs requirements of Cambodia
Cambodian Customs Contact Information
E-mail : email@example.com
Address: N°: 6-8, Preah Norodom Blvd., Sangkat Phsar Thmei III, Khan Daun Penh, Phnom Penh, Cambodia.
Tel : +855 23214065
Cambodia si a member of the ASEAN and of the WTO. The country is very favorable to trade. Since 2004, an action plan to promote trade and investment has been established with the help of multilateral agencies (UNDP, WTO, World Bank and the European Union). The country has recently embarked on a program of regulatory reform to attract foreign investors. It should be also noted that Cambodia has committed to remove all tariff barriers on imports of goods from the ASEAN members.
Product certification, labelling and packaging
Camcontrol, a unit of the Ministry of Commerce is responsible for setting standards. The Ministry of Commerce requires foodstuffs to have a label including the following information:
- name of goods
- producer's name and address
- batch number and production date
- expiration date
- directions for use (if necessary)
- license of authorising institution (if required for local products).
Goods should be carefully packaged to protect against adverse weather conditions, particularly heat and humidity, as there is no cold storage.
Methods of quoting and payment
Quotes are usually on a Cost, Insurance and Freight (CIF) basis in US dollars. Initial transactions should be by confirmed, irrevocable letter of credit.
The following is a list of the documents that are required when importing into Cambodia:
- import declaration form
- commercial Invoice
- packing list
- pro forma Invoice
- bill of lading / airway bill
- certificate of origin (if required)
- license (if required. Goods shipped through Vietnam via the Mekong River must also have a transit licence)
Imported goods require an import declaration form. Goods shipped through Vietnam via the Mekong River must also have a transit licence.
Very small quantities of trade samples can be brought into Cambodia tax-free. A letter to the Director of the Customs Department seeking an import tax exemption and with supporting reasons should be sent prior to importation. Larger quantities of trade samples are subject to payment of import tax.