
Cambodia Foreign Trade
Cambodia imported goods worth $ 18.8 billion in 2018 and exported goods worth $ 13.6 billion. The trade deficit was 21.5 percent of the gross domestic product and thus higher than ever. The deficit in the current account balance is financed by an almost equally high inflow of capital in urgently needed foreign direct investment (2017 according to the World Bank around 1.6 billion USD and almost 11% of GDP). The clothing industry continues to be the backbone of Cambodia's foreign trade and the most important factor in its steady prosperity, with exports worth US $ 10 billion (2018, up US $ 2 billion year-on-year). The most important market is and remains the European Union, to which around 29% of all exports went in 2018, ahead of the USA (24%)…