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16-08-2023, 09:00 AM
For the month of July 2023, exports of goods with codes 61 and 62 fell 26.6 per cent to $814.6 million, from over $1.1 billion in July 2022, the GDCE stated.
Hong Vanak, an economics researcher at the Royal Academy of Cambodia (RAC), told The Post on August 15 that declining activity and the value of international trade has been happening in almost every country for about a year, despite the fact that the Covid-19 crisis was almost completely tapered.
The ongoing problems are largely due to the effects of geopolitical conflicts and the Russia-Ukraine war, he said, adding that the declining trend is prevalent for many exports and countries in the world.
“The decline in the exports of goods with codes 61 and 62 in the last seven months is not uncommon, neither does it indicate weakened production capacity in Cambodia, rather it is a crisis of declining global demand, except for food for daily consumption,” he said.
https://www.phnompenhpost.com/business/s...ven-months
Hong Vanak, an economics researcher at the Royal Academy of Cambodia (RAC), told The Post on August 15 that declining activity and the value of international trade has been happening in almost every country for about a year, despite the fact that the Covid-19 crisis was almost completely tapered.
The ongoing problems are largely due to the effects of geopolitical conflicts and the Russia-Ukraine war, he said, adding that the declining trend is prevalent for many exports and countries in the world.
“The decline in the exports of goods with codes 61 and 62 in the last seven months is not uncommon, neither does it indicate weakened production capacity in Cambodia, rather it is a crisis of declining global demand, except for food for daily consumption,” he said.
https://www.phnompenhpost.com/business/s...ven-months
