Logo of Phnom Penh Post newspaper Phnom Penh Post - U.S.-Cambodia trade supporting Cambodia’s dynamic growth



U.S.-Cambodia trade supporting Cambodia’s dynamic growth

Content image - Phnom Penh Post
A graphic shows Cambodia's exports of travel goods to the United States.

U.S.-Cambodia trade supporting Cambodia’s dynamic growth

The United States is Cambodia’s single largest export destination, and Cambodia’s exports to the United States continue to grow. Access to U.S. markets provides significant economic opportunities for Cambodian companies and good jobs for Cambodian workers.

In 2018, Cambodia exported $3.8 billion worth of goods to the United States and imported $400 million worth of American goods.

The share of the U.S. market for Cambodia’s garments and footwear exports rose to 30% in 2018, up from 25% the year before. And, already, through the first five months of 2019, Cambodia has exported nearly $1.5 billion to the United States – a record amount.

Cambodia began receiving duty-free access to America in 1997 under the Generalized System of Preferences (GSP).

In 2016, travel goods were added to the GSP program, a move that helped develop a major new industry and led to significant new investment in Cambodia.

In 2018, $392 million worth of travel goods were exported to the United States, amounting to 10% of Cambodia’s total U.S. exports. In 2019, that number will exceed $600 million.

In addition, a significant number of U.S. businesses have invested in Cambodia. One of the most visible U.S. investments is a $100 million world-class bottling plant by Coca-Cola that opened in 2016.

Other investments have been made in the food and beverage industry, tourism, precious gems, agriculture and dairy, sporting equipment, as well as education and health.

U.S. franchises in Cambodia are expanding as rapidly as Cambodia’s economy.

Today they include KFC, Burger King, Swensen’s Grill and Ice Cream, Circle K, Krispy Kreme, Domino’s Pizza, Dairy Queen, Chem-Dry, Auntie Anne’s, Carl’s Junior, Cold Stone Creamery, Starbucks Coffee, Harley-Davidson, The Coffee Bean & Tea Leaf, and Hard Rock Cafe.

U.S. companies that invest in Cambodia bring with them world-class training programs, promote skills transfer, and support high environmental and labour standards and leading-edge technologies.

U.S. companies also bring far-reaching corporate social responsibly (CSR) programs.

In 2018 alone, American CSR initiatives supported medical services for rural Cambodians, promoted environmental programs that brought clean drinking water to thousands of people, trained young and rural Cambodians on business best practices, as well as dozens of other activities.

MOST VIEWED

  • Ice cream, noodles flagged over carcinogen

    The General Department of Customs and Excise of Cambodia (GDCE) has identified three types of instant noodles and ice cream trademarks originating from Thailand, Vietnam and France that are suspected to contain ethylene oxide, which poses a cancer risk to consumers. The general department has

  • Angkor lifetime pass, special Siem Reap travel offers planned

    The Ministry of Tourism plans to introduce a convenient, single lifetime pass for foreign travellers to visit Angkor Archaeological Park and potentially other areas. The move is designed to stimulate tourism to the culturally rich province of Siem Reap as the start of the “Visit

  • Exclusive interview with Josep Borrell Fontelles, High Representative of the EU

    CAMBODIA is hosting the 55th ASEAN Foreign Ministers’ Meeting (AMM) and Related Meetings this week with top officials from the US, China, and Russia and other countries in the region slated to attend and to meet with face-to-face with their counterparts on the sidelines. In

  • Rise in Thai air routes to Siem Reap fuels travel hopes

    Local tourism industry players are eager for regional airline Bangkok Airways Pcl’s resumption of direct flight services between the Thai capital and Siem Reap town on August 1 – home of Cambodia’s awe-inspiring Angkor Archaeological Park – which is expected to boost the growth rate of

  • ASEAN Foreign Ministers’ meet commences, Taiwan issue possibly on table

    The 55th ASEAN Foreign Ministers’ Meeting (AMM) and related meetings hosted by Cambodia kicks off in Phnom Penh on August 3, with progress, challenges, and the way forward for the ASEAN Community-building on the table. Issues on Taiwan, sparked by the visit of US House Speaker

  • Recap of this year’s ASEAN FM meet and look ahead

    This year’s edition of the ASEAN Foreign Ministers’ Meeting (AMM) hosted by Cambodia comes against the backdrop of heightened global tensions and increasing rivalry between major powers that have been compared to the animosity of the Cold War era. The following is The Post’