Cambodia earns over 544 mln USD from exports of rubber, rice in first 8 months

PHNOM PENH, Sept. 20 (Xinhua) -- Cambodia had made a total of 544.1 million U.S. dollars from the exports of dry rubber and milled rice during the first eight months of 2022, according to official reports on Tuesday.

A report from the General Directorate of Rubber showed that the Southeast Asian nation exported 194,014 tons of dry rubber during the January-August period this year, a slight rise of 1 percent from the same period last year.

The country earned 301.3 million dollars from the exports of the commodity in the first eight months of this year, down 6.4 percent year-on-year, the report said.

"A ton of dry rubber averagely cost 1,553 U.S. dollars during the first eight months of 2022, about 119 dollars lower than that of the same period last year," Him Oun, director general of the General Directorate of Rubber, said in the report.

Meanwhile, the Cambodia Rice Federation (CRF) said the country exported a total of 389,000 tons of milled rice to 56 countries and regions during the first eight months of this year, up 13.2 percent year-on-year.

The CRF said the kingdom made 242.8 million dollars in revenue from the exports of milled rice from January to August this year.

Rubber and rice are among the kingdom's potential cash crops.

Cambodian Ministry of Commerce's Undersecretary of State and Spokesman Penn Sovicheat said the Regional Comprehensive Economic Partnership (RCEP) free trade agreement, which took effect earlier this year, had contributed to this growth.

"The RCEP trade deal has given and will continue to give a big boost to our export growth for the long term," he told Xinhua. "It has provided us larger market access, especially for our potential agricultural products."

Date: 20-Sep-2022