For decades, Cambodia has been exporting primary products and importing finished goods. There was a steep decline in exports during the war and the country had to survive on US-subsidized imports. Trade went through a period of virtual cessation during the regime of Pol Pot, the leader of the Khmer Rouge communist movement. In 1977, the country exported $3 million worth of goods, while it imported $22 million worth of products (excluding trade with China) as per Western estimates.
Cambodia’s foreign trade saw some upward movement after the installation of the PRK government. In 1985, the country exported goods worth about $10 million and imported goods worth $120 million, approximately. Cambodia was trading mainly with the former USSR and its allies in the mid 1980s.
Till 1992, agricultural products, such as rubber and timber, were the main export items of Cambodia. Due to the high export of logs, the forest cover of the country fell to 40% of the land area, as estimated by the United Nations Development Program (UNDP).
Here are the major import commodities of Cambodia:
Petroleum products
Cigarettes
Gold
Construction materials
Machinery
Motor vehicles
Pharmaceutical products
The following were Cambodia’s import partners as of 2008:
Thailand: 27.1%
Vietnam: 19.2%
China: 14.7%
Hong Kong: 8.2%
Singapore: 7%
Taiwan: 5.6%
Here are the major export commodities of Cambodia:
Clothing
Timber
Rubber
Rice
Fish
Tobacco
Footwear
The following were Cambodia’s export partners as of 2008:
The US: 54.5%
Germany: 7.7%
Canada: 5.9%
The UK: 5.5%
Vietnam: 4.5% (2008)