Cambodia & Economy: +15% of trade volume between Indonesia and the Kingdom

In the context of growing economic collaboration between Cambodia and Indonesia, bilateral trade volume has seen a notable increase, reaching 15% in 2023 and nearly $580 million in the first six months of this year. This trajectory suggests the potential for surpassing $1.1 billion by the end of the year.

The forecast was presented by Santo Darmosumarto, Ambassador of Indonesia to Cambodia, during the inauguration of the “Sousdey Indonesia” event in Phnom Penh on Friday

Ambassador Santo highlighted that bilateral trade in the first half of 2024 has reached $579.4 million, indicating a potential to surpass last year's total trade volume of approximately $1.1 billion.

S.E. Cham Nimul expressed her gratitude to the relevant stakeholders for organising the two-day exhibition, which has been a long-standing event in Phnom Penh since 2006. She highlighted that bilateral trade between Cambodia and Indonesia exceeded $1 billion last year, representing a 15 percent increase compared to the same period in 2022.

Furthermore, the Minister announced that the MoC will be hosting its flagship event, the 17th Cambodian Import-Export Goods Exhibition (CIEGE), from 13-16 December in Phnom Penh. This annual exhibition is designed to facilitate trade, investment and private sector growth, with participation from both local and international exhibitors.

The Indonesian Embassy has announced that Sousdey Indonesia is a rebranding of the Indonesian Trade and Tourism Promotion (ITTP), which was previously held 14 times since 2006.

inauguration of the “Sousdey Indonesia” event in Phnom Penh on Friday

The new branding coincides with the 65th anniversary of bilateral diplomatic relations and reflects Indonesia's commitment to strengthening its connection with the Cambodian people. This year's event is the largest Indonesian solo exhibition in the Kingdom, featuring 100 booths, compared to 40 last year.