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Exports

Cambodia's Agriculture Sector Sees Significant Growth in Key Export Commodities

Strategic Insights

— 2 min read

Cambodia's agriculture sector has recorded a substantial increase in exports for the early period of this year, with key commodities such as rice, bananas, cashew nuts, and cassava showcasing significant growth. The country's significant progress in the agricultural sector is expected to contribute to its socio-economic development. The sector's resilience has allowed it to thrive, despite the challenges faced by other sectors.

Key Takeaways:

  • The Ministry of Commerce reported that Cambodia earned $535 million from paddy rice export and $253 million from milled rice exports, a year-on-year increase of 18 percent and 31 percent, respectively, from January to May.
  • The Kingdom also earned $739 million from cashew nut export, a year-on-year increase of 58 percent, banana exports saw an increase by 21 percent to $76 million, and pepper exports showed a growth of 1 percent to $95 million.
  • Exports of cassava, rubber, and fresh mango saw a decline of 13 percent, 16 percent, and 1 percent, respectively.
  • Other agricultural products, including corn, pepper, longan, and cane sugar, earned a combined income of $83 million.
  • Dith Tina, Minister of Agriculture, Forestry and Fisheries, highlighted the sector's progress, stating that agriculture plays an important role in supporting Cambodia's socio-economic development.
  • China, Vietnam, and Thailand are the major importers of Cambodia's agricultural items.
  • Agriculture is one of the four pillars supporting Cambodia's economy, and the government has announced a strategic policy to upgrade agriculture from household to commercial farming and enhance farmers' income through value-added products.
  • The government deployed agricultural officials in communes nationwide to assist farmers, form agricultural cooperatives, link production chains, and guide farmers to reduce production costs.

Statistics:

  • The agriculture sector earned $535 million from paddy rice exports and $253 million from milled rice exports from January to May.
  • The year-on-year increase in paddy rice exports was 18 percent, and milled rice exports was 31 percent.
  • The Kingdom earned $739 million from cashew nut export, a year-on-year increase of 58 percent.
  • Banana exports saw an increase of 21 percent to $76 million.
  • Pepper exports showed a growth of 1 percent to $95 million.
  • Exports of cassava, rubber, and fresh mango declined by 13 percent, 16 percent, and 1 percent, respectively.
  • Other agricultural products, including corn, pepper, longan, and cane sugar, earned a combined income of $83 million.
  • China, Vietnam, and Thailand are the major importers of Cambodia's agricultural items.

Sources:

  • Ministry of Commerce, Cambodia
  • Dith Tina, Minister of Agriculture, Forestry and Fisheries, Cambodia

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