In the first 9 months of this year, Cambodia's total trade with countries in the Regional Comprehensive Economic Partnership (RCEP) grew remarkably by 17.1%, reaching 25.54 billion USD over the same period last year and accounts for 61.6% of the country's total trade turnover.
High production input costs, plus logistics costs that have not shown any signs of "cooling down", are factors that have a strong impact on Vietnam's rice exports. However, rice exports are forecasted to be more prosperous in the second half of the year, helping to earn an export figure of over 6.4 million tons this year.
Canada has become the second largest Pacific Rim importer of Vietnamese Tra fish after Mexico, reflecting the post-pandemic recovery of seafood exports to global markets, and specifically to the 11-nation Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) bloc.
Vietnam shipped 889,000 tonnes of coffee overseas for more than 2 billion USD in the first five months of 2022, up 24.2 and 54 percent year on year, respectively.
Vietnam’s export value to the European Union (EU) grew further in the first five months of this year, with a trade surplus of 13.4 billion USD, up nearly 47 percent, thanks to their bilateral free trade agreement.