Over 100 High-Quality Cambodian Products Showcased at China Expo
The 7th China International Import Expo recently took place at China’s National Exhibition and Convention Center in Shanghai, featuring participation from 160 countries. The expo, themed “New Era, Shared Future”, provided an excellent platform for the Ministry of Commerce to exhibit over 100 high-quality Cambodian products.
The Cambodian exhibit offered a variety of top-quality products, including rice, cashews, travel accessories, bags, geographically certified items, honey, coffee, dried mango, pepper, tea, pepper sauce, fermented fish powder, palm sugar, syrup and candy, instant noodles, and recycled plastic crafts.
These showcased products not only embodied premium packaging but also adhered to recognized hygiene standards both nationally and internationally. The Cambodian booth was visually captivating, featuring LED screens that promoted the country’s economic, trade, investment, cultural, art, and tourism potential.
Attending global events like this expo opens up significant opportunities for Cambodian companies. It allows them to engage in business discussions and explore collaborations with international enterprises, which can greatly enhance the country’s export potential in global markets.
Highlighting the show’s importance, the President of the Cashew nut Association of Cambodia, Uon Silot, expressed optimism that showcasing domestic products at such a grand scale would yield substantial benefits, reinforcing Cambodia’s position in international trade. He pointed out that the government and private sector are working in tandem to secure new markets, emphasizing the crucial trade relationship Cambodia holds with China.
Further emphasizing the impact of the expo, Lim Heng, vice-president of the Cambodia Chamber of Commerce, stated that every promotional activity and exhibition of products or services significantly enhances the outlook of Cambodia’s export market. He argued that participating in major international shows is pivotal for strengthening the country’s economy.
Lim Heng noted, “Large expos often bring together a diverse range of visitors from various nationalities. This not only offers exhibitors, investors, and customers a platform to connect but also fosters potential partnerships.”
Economic data from the General Department of Customs and Excise (GDCE) showed promising trends in Cambodian trade. From January to September, the total trade with its partners was valued at $40.94 billion, marking a 16.4% increase from the previous year. During this period, the country’s exports rose to $19.83 billion, reflecting a 17% increase from the previous year’s figure of $16.94 billion. Imports, similarly, saw a 15.9% rise, valued at $21.1 billion.
While Cambodia managed to achieve substantial trade growth, it recorded a trade deficit of approximately $1.27 billion, which remained consistent with the deficit during the same period last year. This underscores the ongoing need for strategic efforts in boosting exports to maintain a favorable trade balance.
Overall, the China International Import Expo served as a strategic platform, not only for highlighting Cambodian products but also for expanding the country’s trade footprint and fostering lasting business relationships worldwide. The participation and the quality of products presented left a positive impact that will likely resonate in future endeavors to bolster Cambodia’s presence in international markets.
