Exporting to Cambodia

Cambodia is bordered by Vietnam, Laos and Thailand, with the Gulf of Thailand on its south-western coast. It has a population of over 16 million, with rising spending power predicted . Total UK exports to Cambodia amounted to £112m for the year ending June 2019, an increase of 160.5%, or £69m, compared to the same period in 2018.

Strengthening import market

The imports market in Cambodia has increased year on year by an average of 13.9% since 2014, and market growth is projected to continue for at least the next five years (IMF, 2019). The most popular imports from the UK are cars and machinery, and various business services. If you’re a UK exporter specialising in these areas, Cambodia may represent an opportunity for you.

GDP Growth

Cambodia has experienced positive GDP growth every year since since 2014, and has been projected to continue until at least 2024. Over this 10 year period GDP per capita is projected to double (IMF, 2019), This should lead to an increase in spending power for local consumers.

Ease of doing business

144th

out of 190 countries (World Bank, 2019)

Currency

Riel

Business language

Khmer, English

GDP per capita

$1,504

UK is $41,030 (IMF, 2019)

Economic growth

7.5%

(IMF, 2019)

TIme zone

GMT +7

Next steps

DIT can advise you on doing business abroad, and help put you in touch with other people who can help such as lawyers and distributors.