Cambodia - Export Britain

Export Britain

Cambodia

Find support in this market.

Capital

Phnom Penh

Largest city
Phnom Penh

Administrative divisions
24 provinces

Currency
Riela (KHR)

Area
181,035 km2

Population
(2013) 15,205,539

Calling code
+855

Official language
Khmer

Latest Business Opportunities

See more opportunities for Cambodia.

Ease of trading across borders

Importing a standard container of goods into Cambodia requires:

10documents
26days
£540

Introduction

Cambodia is a country in Southeast Asia that borders the Gulf of Thailand. Neighbouring countries include Laos, Thailand, and Vietnam. The government system is a multiparty democracy under a constitutional monarchy; the chief of state is the King and the head of government is the Prime Minister. Cambodia has a mixed economic system, self-defined as a planned economy with markets, in which the economy includes a variety of private freedom, combined with centralised economic planning and government regulation. Cambodia is a member of the Association of Southeast Asian Nations (ASEAN).

Economic snapshot (% annual growth rate)

201220132014-17
GDP 7.3 7.2 7.4
Export of goods and services 10.2 15.9 8
Import of goods and services 9 14.6 7.2
Inflation 2.9 2.7 3.8
Exchange rate (per £) 6364 6016 6497
Population 1.8 1.8 1.7
Source: Oxford Economics

Economic outlook

Over the last decade, Cambodia’s gross domestic product grew at an average rate of 8.2%. In 2013, the economy grew by over 7.2%, and it is expected to continue to grow at a similar rate over the next two years. Economic activity remains strong driven by robust exports, tourism and construction despite recent floods and some slowdown during the election in July last year. Cambodia, however, remains one of the poorest countries in Asia. The country is heavily reliant on foreign aid, with donor support equivalent to over half of the government’s budget. 

Trade outlook

Cambodia’s largest export partners include China, Thailand, Hong Kong, Vietnam and Singapore. Cambodia will begin drawing foreign investment largely from China and neighbouring Vietnam as it begins to move away from its dependence on foreign aid and begin investment in the country’s infrastructure. Exports from Asia will continue to increase in the medium term. Cambodia will continue to largely export to US, Hong Kong, Canada, Vietnam and the UK. 


SWOT analysis

Strengths
Economic growth that's rapidly on the rise.
Weaknesses
Poor infrastructure.
Opportunities
Among Asia’s lowest labour cost and a dynamic workforce
Threats
Corruption. Under-developed human resources

Cambodia's trade with the UK

Sector segmentation growth

Sectors to watch:
  1. Agribusiness and Food Processing
  2. Education
  3. Construction

Fastest-growing exporters into Cambodia

Rank2012
1 Romania
2 Hungary
3 Ireland
4 Luxembourg
5 UK
6 Turkey
7 Germany
8 Slovakia
9 New Zealand
10 Czech Republic

Total merchandise trade - Leading import partners

Total merchandise trade - leading import partners
Opportunities for UK businesses

As Cambodia attempts to end its dependence on foreign aid, the country's economic potential and natural resources are drawing foreign investment - especially from China and neighbouring Vietnam. Cambodia offers potential investment opportunities in agribusiness and food processing; tourism infrastructure; education; architecture, construction, and engineering services; household goods and appliances; automotive; power generation equipment and power transmission infrastructure; pharmaceuticals; and medical supplies and equipment.

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