Logo of Phnom Penh Post newspaper Phnom Penh Post - SSEZ trade up 40% at $1.37B in first half

SSEZ trade up 40% at $1.37B in first half

Content image - Phnom Penh Post
Data by the General Department of Customs and Excise showed that in the first half of 2022, Cambodia’s international trade totalled $27.24384 billion or 20.2 per cent more than last year. Heng Chivoan

SSEZ trade up 40% at $1.37B in first half

Import-export activities in Sihanoukville Special Economic Zone (SSEZ) rose nearly 40 per cent to $1.374 billion in the first half of 2022 from $994 million a year ago, thanks to the gradual recovery of production and higher regional and global demand.

“SSEZ has maintained stable development along with the effort by employees, which pushed up the import-export value by 38.23 per cent year-on-year,” according to a statement by the operator, Sihanoukville Special Economy Zone Co Ltd.

Cambodia Chamber of Commerce (CCC) vice-president Lim Heng noted that the growth symbolised the strength of investor confidence in Cambodia, the breadth of export markets, and a favourable Law on Investment.

The effective control of the Covid-19 pandemic also enabled SSEZ activities to run smoothly, he said, adding that import and export would continue to show positive signs in the future as Cambodia’s international trade grows.

“SSEZ activities would be busier in future because, apart from favourable conditions, its location is suitable for inbound and outbound transport,” Heng pointed out.

Logistics and Supply Chain Business Association in Cambodia president Chea Chandara said the number of factories and enterprises in SSEZ has increased steadily, most of them being investors from China.

A majority of the factories produce and assemble furniture, manufacture components for electronic equipment, or make garments or footwear, he said.

“Through these activities, import and export would remain steady as shipments rise amid new factory openings.”

Meanwhile, Cambodia Logistics Association president Sin Chanthy said activities in special economic zones (SEZ) throughout Cambodia, not just SSEZ, increased significantly early in 2022, on a yearly basis.

This is in line with the growth in orders and diversion of orders from other countries where production chains are not fully operational due to Covid-19 or political turbulence.

“There is a wide range of products which Cambodia exports today, with markets for major buyers in the US, Europe, Japan and others,” Chanthy said.

In 2021, total trade in SSEZ was valued at $2.234 billion, up 42.75 per cent from $1.565 billion a year earlier, according to data provided by the operator. This follows a 26.52 per cent rise in 2020 versus $1.237 billion in 2019.

Data by the General Department of Customs and Excise showed that in the first half of 2022, Cambodia’s international trade totalled $27.24384 billion or 20.2 per cent more than last year.

Of that, imports grew 11.9 per cent to $15.86472 billion, while exports were valued at worth $11.37912 billion, up 33.9 per cent. The Kingdom’s trade deficit for the first half narrowed by 21 per cent year-on-year to $4.4856 billion.


  • Tensions high ahead of historic Kun Khmer match up

    The long-awaited November 5 matchup between Kun Khmer legend Prum Samnang and Myanmar-Canadian boxer Dave Leduc has become the most anticipated fight of the year. The Wurkz Sena Kun Khmer promotion, which will be held at the Town Arena at Chip Mong 271 Megamall, will see six

  • Manet: Cambodia safe for travel

    Prime Minister Hun Manet acknowledged that Cambodia and China have cooperated to tackle internet scamming, fraud and other cross border crimes, but insisted that the “Kingdom of Wonders” is completely peaceful and safe. He welcomed tourists to come and explore its rich heritage. During a

  • UNESCO formally list Battambang gastronomy

    Battambang, renowned for its cultural heritage, has achieved a significant milestone as the first Cambodian municipality to join the UNESCO Creative Cities Network (UCCN). The UCCN unites nearly 300 cities prioritising creativity and cultural industries in local development plans and international cooperation. On World Cities Day,

  • Cambodia pivots to solar, wind energy

    Cambodia is planning a move towards solar and wind energy to meet its rising power demands, according to Minister of Mines and Energy Keo Rottanak. On the sidelines of the Singapore International Energy Week event held recently, Rottanak emphasised the urgency of diversifying Cambodia’s

  • Angkor causeway symbol of Cambodia-Japan ties

    In a historic moment marking another milestone in the 70-year-long diplomatic relations between Cambodia and Japan, King Norodom Sihamoni celebrated the formal inauguration of a causeway located to the west of the world-renowned Angkor Wat. While presiding over the November 4 ceremony, the King emphasised the

  • Manet calls for Cambodia’s railways to get back on track

    Prime Minister Hun Manet has instructed the relevant authorities to expedite studies into upgrades to the Phnom Penh to Preah Sihanouk railway line. He suggested that the maximum speed on the line should be increased to 80km/h, in order to expedite the transportation of