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    Home > Food News > Food Articles > Cambodia's agricultural exports from January to October exceeded $3 billion

    Cambodia's agricultural exports from January to October exceeded $3 billion

    • Last Update: 2023-02-02
    • Source: Internet
    • Author: User
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    On December 21, Cambodia's Ministry of Agriculture, Forestry and Fisheries released data saying that Cambodia's total agricultural exports from January to October this year were close to 3.
    07 billion US dollars
    .
    Under the trade agreement that came into effect this year, future exports to China and South Korea are expected to increase
    thanks to duty-free access.
     
    From January to October this year, Cambodia's total exports of polished rice reached 435.
    408 million US dollars, with a total export volume of 509249 tons, an increase of 10.
    67% or 49,080 tons
    year-on-year.
    In comparison, total rice exports totalled $492.
    903 million, or 2.
    44 million tonnes, down 8.
    27 percent or 219,878 tonnes
    .
     
    Excluding rice, exports of other agricultural products totaled US$2.
    142 billion, with a total export volume of 4.
    67 million tons, an increase of 10.
    63%
    from 4.
    221 million tons in the same period last year.
    These agricultural products are mainly cassava and tapioca starch, fresh or processed cashews, corn, mung beans and soybeans, fresh bananas
    , fresh mangoes and dried mangoes, oil palm fruit, pepper, tobacco and vegetables.
     
    Since the beginning of this year, the Free Trade Agreement between the Government of the People's Republic of China and the Royal Government of Cambodia has been officially implemented, and Cambodia's tariffs on Chinese exports of cashew nuts, bananas, mangoes, longan, tapioca starch and sugar cane have been reduced from 20% to zero
    .
    The pepper tariff was reduced from 20% to 18% and will be reduced to 0%
    in 10 years.
    At present, China has become Cambodia's largest banana export destination, accounting for 99.
    7%
    of Cambodia's total banana exports.
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