Logo of Phnom Penh Post newspaper Phnom Penh Post - SSEZ imports, exports reach $2B in Jan-Nov

SSEZ imports, exports reach $2B in Jan-Nov

Content image - Phnom Penh Post
According to the operator, SSEZ handled imports and exports worth $1.565 billion last year, an increase of 26.52 per cent over 2019. SUPPLIED

SSEZ imports, exports reach $2B in Jan-Nov

The value of imports and exports passing through the Sihanoukville Special Economic Zone (SSEZ) reached $2.001 billion in the first 11 months of 2021, marking a 40 per cent year-on-year surge from $1.429 billion, the operator reported at the weekend.

The volume of goods handled at the Kingdom’s largest industrial zone in terms of size and occupancy was buoyed by bumper orders with tenants, which in turn fuelled demand for raw materials to fulfil them.

“SSEZ is committed to maintaining the growth of imports and exports of commodities at higher levels,” developer and operator Sihanoukville Special Economy Zone Co Ltd said.

Hong Vanak, director of International Economics at the Royal Academy of Cambodia, told The Post on December 13 that SSEZ consistently records positive performance in terms of imports and exports, despite persistent Covid threats to national and global economic growth.

He suggested that rising imports to the industrial park were not inherently a bad thing, arguing that a large share is made up of raw materials for use in production, and hence an uptick would signal that there are more orders coming in, which he said means that the tenants’ products and services are in high demand.

Preah Sihanouk expects to attract more investment soon, after Prime Minister Hun Sen in June signed a sub-decree to turn the province’s capital Sihanoukville into a “Model Multi-Purpose Special Economic Zone”.

There are a host of major construction projects in the provincial pipeline, including road infrastructure, large buildings, and chief among them, an expansion of the deep-sea container port, which is scheduled to break ground early next year.

In addition, a new investment law, promulgated in mid-October, offers a wide range of incentives for investors.

Cambodia Logistics Association (CLA) president Sin Chanthy said the transport and overall economic situation is edging closer to pre-Covid levels, with goods flowing in and out of the country, keeping the sector remarkably busy.

He attributed this improvement to successful Covid management and the vaccination campaign, which he said makes the production chain more responsive to orders and encourages more investment in the Kingdom.

“Growth in logistics confirms economic growth. If transportation is robust, production receives a great deal of impetus accordingly,” Chanthy said.

According to the operator, SSEZ handled imports and exports worth $1.565 billion last year, an increase of 26.52 per cent over 2019.

There are currently 39 special economic zones in the Kingdom, according to the Council for the Development of Cambodia (CDC).


  • ‘Education’ a priority traffic-law penalty

    A top National Police official on June 21 neither rejected nor confirmed the authenticity of a leaked audio message, which has gone viral on social media, on a waiver of fines for a number of road traffic-related offences. General Him Yan, deputy National Police chief in

  • Pursat Ford assembly plant opens

    The Kingdom’s first Ford assembly plant was inaugurated on June 16 in Pursat province amid rising demand for brand-new vehicles among Cambodians. The facility is seen as a game changer for the domestic automobile industry, which could bring a wave of investors seeking to cash

  • Volunteer scheme to foster ‘virtuous’ humanitarian spirit

    A senior education official said volunteer work contributes to solidarity and promotes a virtuous humanitarian spirit among the youth and communities. Serei Chumneas, undersecretary of state at the Ministry of Education, Youth and Sport, made the comment during the opening of a training programme called “

  • Siem Reap’s $18M zoo said to educate public, help wildlife

    Angkor Wildlife and Aquarium Co Ltd has invested $18 million in a zoo in Siem Reap province, which will be opened in October to educate and promote animal conservation as well as attract national and international tourists. Currently, the Angkor Wildlife and Aquarium is building the

  • $50B infrastructure plan en route

    The government’s upcoming $50 billion,10-year infrastructure master plan will provide tremendous investment opportunities for domestic and foreign entities, transport experts and economists say. Minister of Public Works and Transport Sun Chanthol revealed the plan to Japanese ambassador to Cambodia Masahiro Mikami on June 15. At

  • Chinese firms unveil preliminary results on metro, monorail for capital

    Minister of Public Works and Transport Sun Chanthol and representatives from China Road and Bridge Corp (CRBC) and its parent company, the state-owned China Communications Construction Co Ltd (CCCC), met on June 24 for talks on results of the firms’ preliminary study on a potential metro