Cambodia experienced persistent trade deficits from 2017 to 2023, with the deficit widening significantly to -9,275.8 million USD in 2021, driven by increased imports of raw materials for its garment industry and consumer goods. The pandemic disrupted exports, particularly in 2020, when the deficit narrowed to -1,398.3 million USD, reflecting lower import demand.
By 2023, the trade deficit improved dramatically to -916.1 million USD, indicating recovery in exports and possibly reduced import reliance. Cambodia’s trade dynamics highlight its dependency on garment exports and a limited export base, making the trade balance sensitive to external shocks and global demand trends.
By 2023, the trade deficit improved dramatically to -916.1 million USD, indicating recovery in exports and possibly reduced import reliance. Cambodia’s trade dynamics highlight its dependency on garment exports and a limited export base, making the trade balance sensitive to external shocks and global demand trends.
For a deeper dive into the topic, explore Cambodia’s manufacturing sector GDP share, Cambodia’s annual GDP figures, Cambodia’s agriculture contribution to GDP.
