Capital : Phnom Penh
Population : 16.49 million
Language : Khmer , French , English ( English is the language of business )
Industries : Tourism , garments , construction , rice milling , fishing , wood and wood products , rubber , cement , gem mining , textiles
GDP ( US $ billion ): 25.29 billion
Natural Resources : Oil and gas , timber , gemstones , iron ore , manganese , phosphates , hydropower potential
Major Exports : Clothing , timber , rubber , rice , fish , tobacco , footwear
Major Imports : Petroleum products , cigarettes , gold , construction materials , machinery , motor vehicles , pharmaceutical products
Contact the British Chamber of Commerce 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 .
Cambodia has experienced positive GDP growth every year since since 2014 , and this 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 .