Cambodian banana exports fell in 2022 led by a drop in China shipments

Published 2023년 1월 8일

Tridge summary

Cambodia's banana exports experienced a decrease of 11.79% in the first 10 months of 2022, with the total export volume being 325,860 metric tons. This decline is primarily due to a reduction in exports to China, which had been the main market for Cambodian bananas since 2019, accounting for approximately 90% of the exports. The decrease in exports to China is attributed to China's strict COVID-19 controls, which have slowed down economic growth and disrupted import processes. Despite the challenges, economists predict a rebound in China's economic growth starting from the second quarter of 2023, which could potentially boost banana exports to the country.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Cambodia’s banana exports were down almost 12% during the first 10 months of 2022, led mainly by a lower volume of exports to China, according to the Phnom Penh Post. The newspaper cited Cambodian Ministry of Agriculture, Forestry and Fisheries statistics showing that Cambodia exported 325,860 metric tons of bananas from January through October, a decline of 11.79% compared with the same period of the previous year. China has only permitted the import of Cambodian bananas since 2019, when bananas became the first Cambodian fresh fruit granted market access to China. The first shipment of Cambodian bananas to China took place in May 2019. Since then, China has become the main export market for Cambodian bananas, accounting for approximately 90% of exports over the past few years. The growth in exports has been partly fueled by Chinese companies that have invested in large-scale banana plantations in Cambodia to supply the China market. These Chinese companies have been lured by low ...

Source: Producereport