In today’s briefing:
- ‘Colorful’ 2024 For Cambodia In Rubber, Tire Sectors
‘Colorful’ 2024 For Cambodia In Rubber, Tire Sectors
- Highlights · Set to finish 2024 with a 30% rise in rubber sale values YoY · Exports tires worth US$772.5 million during Jan-Nov 2024 · Minister charts course of action for 2025 Cambodia has made impressive strides in 2024, fueled by higher global rubber prices and exceptional progress in its burgeoning tire production and export industry, marking a pivotal step in its transformation into a key player in the global rubber value chain.
- The Southeast Asian kingdom earned US$472 million from exports of NR latex during January-October 2024, up 22.5% over the same period the previous year.
- On the other hand, it gained US$568 million from exports of the product during January-November 2024, up 26.7% over the same period in 2023.
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