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Southeast Asia

Cambodia's Trade Deficit Widens to $2.44 Billion Through July

Cambodia's total trade volume reached $44.07 billion in the first seven months of 2026, a 21.3% year-on-year increase. This growth led to a widened trade deficit, hitting $2.44 billion, according to data from the General Department of Customs and Excise (GDCE).

By Aisyah KamalPublished 23 August 20261 min read
Photo: O-seop Sim / Pexels

Trade Volume and Widening Deficit

Cambodia's total merchandise trade climbed to $44.07 billion during January–July 2026. This represents a 21.3% increase compared to the same period last year. The General Department of Customs and Excise (GDCE) reported this data on August 10. The nation's trade deficit expanded to $2.44 billion over these seven months.

This figure is up from $1.99 billion a year earlier, demonstrating a significant widening of the gap between imports and exports.

Exports, Imports, and China Trade

Exports from Cambodia totalled $20.81 billion, showing a 21.3% rise. Imports increased by 21.4% to $23.26 billion. The growth in imports slightly outpaced exports, contributing to the widening deficit. China remained Cambodia's largest trading partner by value. Trade with China grew 23.9% to $13.63 billion. Cambodian exports to China increased 24.2% to $1.1 billion. Imports from China rose 23.8% to $12.52 billion.

Key Bilateral Relationships

The United States continued as Cambodia's primary source of trade surplus. Bilateral trade with the US surged 32.2%, reaching $9.42 billion. Cambodian exports to the US increased 30.6% to $9.05 billion. Strong demand for garments, footwear, and other manufactured products drove this growth. Imports from the US also rose significantly, increasing 87% to $377 million. Trade with Vietnam expanded 8.2% to $5.35 billion, with Cambodian exports rising 12.4% to $2.73 billion.

Why it matters

The widening deficit suggests strong domestic demand for imported goods, even as exports expand. Businesses in Cambodia's manufacturing sector, particularly garments and footwear, continue to see strong demand from the US market. This highlights the ongoing importance of US consumers for Cambodian production.

Companies operating supply chains through Southeast Asia may observe Cambodia's sustained export performance as a factor in regional manufacturing strategies.

This article is journalism, not investment advice; consult a licensed professional before making financial decisions. Market data is indicative, may be delayed, and should be verified with your broker or exchange before use.

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