Cambodia’s average annual FDI inflow growth 8.1% from 2017 to 2021
Written by on January 24, 2023
However, in 2021, the country experienced a decline in FDI inflows by 3.9 per cent, it said.
Cambodia recorded an average annual foreign direct investment (FDI) inflow growth of 8.1 per cent from 2017 to 2021, according to the Asia-Pacific Trade and Investment Trends 2022-2023 Country Report for Cambodia by UN body ESCAP. The FDI inflows growth was higher than the Asia-Pacific’s 3.8 per cent average annual FDI inflows growth during the period.
“In terms of FDI outflows, Cambodia had an average annual FDI outflows growth of 3.4 percent in the last five years, which was also higher than the Asia-Pacific’s 3.2 per cent average annual FDI outflows growth. In 2021, Cambodia experienced a decline in FDI outflows by 27.1 percent,” the report noted.
It also mentioned that Cambodia’s trade costs were lowest with the East Asia-3 economies of China, Japan and South Korea.
“In 2020, trade costs with the East Asia-3 economies, on average, amounted to 96.4 per cent of the value of goods, as compared to when the countries trade these goods within their borders. Trade costs were higher with the Europe-3 economies (Germany, France and the United Kingdom) and Large Asia-Pacific Developing-4 economies (China, India, Indonesia and the Russian Federation), amounting to 104.2 percent and 145.4 percent, respectively,” it said.
In 2021, the largest merchandise trade partner was China, representing 8.6 per cent of its exports and 33.8 per cent of its imports. About 42.6 per cent of Cambodia’s exports and 1.2 per cent of Cambodia’s imports by value were traded with the United States, its second largest trade partner, a Cambodian media report said.
Other significant trade partners were Singapore, Thailand, Vietnam, Japan, Taiwan, Germany, Canada, and Switzerland, it added.
Fibre2Fashion News Desk (DS)
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