Cambodia’s agricultural exports have grown significantly

Cambodia's agricultural exports have grown significantly

With the help of the Chinese market, Cambodia’s agricultural exports have shown substantial growth this year. According to data released by the Ministry of Agriculture, Forestry, and Fisheries of Cambodia on October 2, the export volume of agricultural products in the first nine months of this year increased by nearly 90% year-on-year, with a total export value of US$3.49 billion.

The Ministry of Agriculture, Forestry, and Fisheries of Cambodia pointed out that China has become the largest export market for many of Cambodia’s major agricultural products, including rice, bananas, and cassava flour. Among them, Cambodia exported 200,000 tons of rice to China in the first nine months of this year, a year-on-year increase of 18.26%, accounting for nearly half of Cambodia’s total rice exports of 410,000.

It is worth mentioning that due to the shortage of containers and high transportation costs, Cambodian rice exports in the first nine months of this year fell by 15.9% year-on-year, mainly because exports to the EU market fell by 35.5% year-on-year.

From January to September this year, Cambodia exported 343,000 tons of bananas, a year-on-year increase of 46.2%, of which 301,000 tons were exported to China, accounting for nearly 90%.

In addition, since the successful export of the first batch of fresh mangoes to the Chinese market in May this year, the number of mango exports from Cambodia to China has continued to grow. From May to September, Cambodia exported more than 200 tons of fresh mangoes to China, and the second production season in a year began in October. It is expected that the number of mangoes exported to China will increase significantly.