Chan Nora Ministry of Commerce Secretary of State Ministry of Commerce said on Monday that the international trade between Cambodia and Singapore rose 84 percent in 2009, driven by exports of sand from Cambodia to Singapore and later the government imposed ban on sand dredging for export May last year.
According to the figure from the ministry of commerce, bilateral trade between Cambodia and Singapore was up from US$640.4 million to US$1.8 billion in 2009.
By the way, Singapore’s exports to Cambodia increased 41 percent from $523.95 million to $740.9 million, while Cambodia’s exports to Singapore shot up 275 percent to $438.2 million from $117 million.
“I think the growth of our exports to Singapore last year was probably because of the export of sand,” Chan Nora was quoted by the Post as saying.
According to Ministry of Commerce, Singapore’s main exports to the Kingdom last year included unwrought gold, diesel, petrol, alcohol, non-industrial diamonds and electronic goods, while Cambodia’s main exports were natural sand, semi-manufactured and unwrought gold, cigarettes, silk, silica and quartz sand, and woven materials, including clothes.