Cambodia exported over $3.1 billion in electrical machinery, equipment, and related products in 2023, a 50% increase from 2022. These products constituted nearly 14% of the country's total exports. Exports under Harmonised System (HS) Code 85 totalled $3.13 billion in 2023, a 56.6% rise from the previous year. This makes up 13.8% of the country's total exports, totaling $22.64 billion. The growth in exports confirms the country's production chain's advancement, meeting international market demands in the context of the Fourth Industrial Revolution. The country's ability to produce more Code 85 items makes it easier for major vehicle and machinery manufacturers to establish factories in the country. The export of all products is expected to continue increasing in 2024. The Ministry of Economy and Finance's Budget in Brief for 2024 projects a recovery in Cambodia's economy, with an expected growth rate of around 6.6%, with the industrial sector expected to grow by 8.5%. (ICE BANGKOK)

Fonte notizia: The Phnom Penh Post