The Export and Import of Cambodia Increased by 16% – Thursday, 22.7.2010
The Mirror, Vol. 14, No. 674
“According to figures from the Ministry of Commerce, the export and import of Cambodia increase by 16% in the first six months of this year, compared to last year.
We are unable to understand the meaning of the added up export and import figures, and the calculated combined percentage numbers for export and import together. The absolute figures, given separately for exports and for imports, are, of course, clear in their meaning, also the comparisons of present and of past years within exports and within imports, separately.
Any help to understand these combined “export and import sum and percentage” figures – via Comments – is appreciated.
“As said by experts, the commerce grows due to increasing global demand.
“Nevertheless, some experts warned that the economic recovery is in a delicate condition.
“A secretary of state of the Ministry of Commerce, Mr. Chan Nora, said, ‘Commerce should be growing during this period as the global economy is recovering, while also the consumption of products increases. Especially, the Ministry of Commerce is trying to coordinate exports.
“Reports for the first six months show that imports increased by more than 18% to US$2,183 million this year, compared to the corresponding period last year with US$1,844 million.
“The exports increased by 13.14% to US$1,498 million. Compared to the same period last year, exports amounted to US$1,324 million, where 70% was related to garment products.
“The figures demonstrate that exports and imports in the first six months of 2010 increase by 16.19% to US$3,168 million compared to the same period last year.
“However, some observers noticed that the Cambodian economy is still facing dangers, as overall economic activity still drops, though the figures show an increase.
“The director of the Khov Chuly Group importing construction materials, Mr. Khov Phalaboth, said that even though there is progress in the real estate, agricultural, and industrial sectors, it seems too quick to say that the Cambodian economy has completely recovered. He said, ‘The economic downturn has not completely come to an end. Hazards remain. Typically, it is like recovering from sickness, but things might still get worse.’
“Mr. Chan Nora went on to say the increase in imports by Cambodia encourages an increase in exports. He said, ‘The local garment and textile sectors are doing better, causing also an increase in the demand for raw materials.’ The head of the Cambodian Economic Association, Mr. Chan Sophal, said, ‘The growth in commerce is really vigorous.’ He added that the increase in exports and imports is a measure of the economic growth of Cambodia. According to the National Bank of Cambodia, exports and imports dropped by about 17% from US$10,633 million in 2008 to only US$8,827 million in 2009.
“At present, the government is also looking into the future. Mr. Chan Nora said that the Ministry of Commerce is actively negotiating about the export of agricultural products to China, but the quality of local products is still an obstacle.
“He said, ‘We had asked people to send experts here to improve the quality of our products. We want to export our own manufactured products so as to get higher prices.’ He added that agricultural products are becoming important local products for export.” Phnom Penh Post [Khmer Edition], Vol.1, #220, 22.7.2010
Newspapers Appearing on the Newsstand:
Thursday, 22 July 2010
Kampuchea Thmey, Vol.9, #2307, 22.7.2010
- The Government Dismissed the Report of Human Rights Watch [about rights abuses and mistreatment of sex workers]
- The Ministry of Justice Warned Court Officials and Clerks to Punish Them if They Act against Their Professional Standards [for example if clerks work as if they were in the position of judges or prosecutors]
Moneaksekar Khmer, Vol.17, #3938, 22.7.2010
- Sam Rainsy’s and Mu Sochua’s Cases [about the uprooting of Cambodian-Vietnamese border markers, and about defamation] Could Come to an End through Internal Political Arrangements via the International Community [officials of the Sam Rainsy Party hope so]
- 114 Families in the District of Kien Svay Accuse Some Officials of Grabbing 46 Hectare of Rice Fields [Kandal]
Nokor Wat, Vol.1, #10, 22.7.2010
- [The president of the Cambodian People’s Party] Samdech Chea Sim: Cambodia Develops Quickly because of Samdech Dekchor [Hun Sen’s] Governing [he said so during the 35th meeting of the Central Committee of the Cambodian People’s Party]
- The Government Hopes that the United State of America Will Cancel the Debt of More Than US$300 Million [owed by Cambodia since the time of the Lon Nol government, said the Minister of the Council of Ministers, Mr. Sok An, during the celebration of the 60th anniversary of the Cambodian-US diplomatic ties in Phnom Penh]
Phnom Penh Post [Khmer Edition], Vol.1, #220, 22.7.2010
- The Export and Import of Cambodia Increased by 16%
- Five Khmer Fishermen Returned from Indonesia [after they had been detained there for almost one year; before they had been forced to work like slaves for nearly two years on a Thai fishing vessel]
Rasmei Kampuchea, Vol.18, #5256, 22.7.2010
- Cambodia Prepares to Negotiate with Countries of the European Union to Lift Three Kinds of Visa Requirements [in diplomatic, official, and normal passports; the lift of visa requirements in diplomatic and official passports would help strengthen relations between the governments, and the lifting of visa requirements in normal passports would help to attract tourists between the countries]
- The Meeting of the Inter-Parliamentary Union [held from 19 to 21 July 2010 in Geneva] Called on All Parliament Leaders to Help to Avert Further Global Crises
- The Department of Labor Issued an Official Letter to Suspend the Operation of the Champa Manpower Company [that did send workers to Malaysia; after this company was found holding workers, including underage girls, in a bad living environment]
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