Turkey-Cambodia Bilateral Economic and Commercial Relations

Economy of Cambodia

GDP (billion USD)

16,9

Inflation Rate (%)

3,5

Real GDP Growth Rate (%)

7,0

Unemployment Rate (%)

3,0

Population (million)

15,0

Exports (fob-billion USD)

7,696

Population Growth Rate (%)

0,16

Imports (fob-billion USD)

10,439

GDP Per Capita (USD)

1.130

Number of Turkish Firms in the Country

5

References: Turkish Embassy in Phnom Penh, TÜİK

Main Trade Partners: USA, Hong Kong, Singapore, UK, Germany.

Main Export Items: textile, garment, footwear, petroleum products, construction materials, electrical machinery and devices, rice

Main Import Items: Apparel products, petroleum products, machine, motor vehicles, cosmetic and pharmaceutical products

Bilateral Economic and Commercial Relations:

YEARS

EXPORT

IMPORT

VOLUME

BALANCE

2011

3,9

45,8

49,7

-41,9

2012

5,2

46,4

51,6

-41,2

2013

10,8

76,4

87,2

-65,6

2014

11,6

112,8

124,4

-101

2015

13,7

94,7

108,4

-81,1

Reference: TÜİK (million USD)

Main Export Items of Turkey: Coal tar and crude oil products,vitamins, hormones, alcoholics, antibiotics, drugs, medical articles; textile fibres and articles thereof;non-metallic mineral products.

Main Import Items of Turkey: Clothing and accessories, footwear, other transport vehicles, communication, imagination-audio recording devices, land transport vehicles

The first meeting of Joint Economic Commission between Turkey and Cambodia was held on 11 February 2015 in Phnom Penh by participation of Mr. Fikri Işık, Minister of Science, Industry and Technology of the Republic of Turkey and Mr. Chanthol Sun, Minister of Trade of the kingdom of Cambodia. During this meeting, both sides agreed to increase bilateral trade volume between the two countries to 500 million USD by 2020.

Turkey-Cambodia Business Council was constituted by Foreign Economic Relations Board of Turkey (DEİK) and Chamber of Commerce of Cambodia on February 2013. In this regard, the first sectorial evaluation meeting, by participation of Electrical Electronics Services Exporters' Association (Turkish Electro Technology – TET), was held in Phnom Penh on April 2015

Whereas Cambodia has not any foreign direct investment (FDI) in Turkey, the FDI of Turkey in Cambodia is around 13 million USD. While 5 Turkish firms operate in Cambodia, there is no Cambodian firms operate in Turkey.

Turkey’s Official Development Assistance in Cambodia values 910.000 USD between years of 2004 and 2013 in total.

Turkey has supported three projects through the Turkish Cooperation and Coordination Agency (TİKA) in Cambodia, by this time, such as road construction, computer donation for Cambodian Education Ministry and General Directorate of Security, and construction of Kampong Cham School, which costs 717.000 USD.

TİKA has also recently accepted a project proposal submitted by the Preah Vihear (Preh Vihar) Authority that includes procurements of some hardware to the tourism office in Preah Vihear (Preh Vihar) and a mother care center in the same Province.

The number of visitors from Cambodia to Turkey has not been declared especially by Turkish Statistical Institute (TÜİK), the figure of Cambodian visitors has been shown under the categories of “Other South East Countries”, excluding countries of the region such as Indonesia, Malaysia, Philippines, Singapore and Thailand. The number of visitors from aforementioned region to Turkey is increasing regularly on yearly basis. The number of visitors from the region has reached 120.047 in 2015.