India - Cambodia Bilateral Trade and Investment Relations
1. India- Cambodia bilateral trade has been growing steadily in the last few years. The principal commodities exported from India are: pharmaceutical products, bovine meat, motor vehicles (autos, motor cycles and spare parts), raw hides and leather, miscellaneous chemicals etc. while the main exports from Cambodia are electrical goods/equipment/parts, organic chemicals, vegetable oil, articles of apparel and clothing, footwear etc. The trade figures for the last six years are as follows:
|
Trade with India(In USD millions)
|
2018-19
|
2019-20
|
2020-21
|
2021-22
|
2022-23
|
2023-24
|
|
Total Trade
|
238.61
|
234.81
|
208.21
|
293.25
|
366.44
|
403.79
|
|
Exports from India
|
195.98
|
188.12
|
168.86
|
198.37
|
220.43
|
185.39
|
|
Imports from Cambodia
|
42.63
|
46.69
|
39.35
|
94.88
|
146.02
|
218.40
|
(i) Top 20 Commodities Imported by Cambodia from India in 2024.
|
S/N
|
HS Code
|
Description
|
Jan to Dec 2024
Value in Thousand USD
|
|
1
|
30
|
Pharmaceutical products.
|
47495
|
|
2
|
87
|
Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof.
|
31448
|
|
3
|
41
|
Raw hides and skins (other than furskins) and leather.
|
19283
|
|
4
|
23
|
Residues and waste from the food industries; prepared animal fodder.
|
15862
|
|
5
|
84
|
Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof.
|
8347
|
|
6
|
38
|
Miscellaneous chemical products.
|
6904
|
|
7
|
2
|
Meat and edible meat offal.
|
5588
|
|
8
|
55
|
Man- made staple fibres.
|
4503
|
|
9
|
52
|
Cotton
|
2939
|
|
10
|
40
|
Rubber and articles thereof.
|
2600
|
|
11
|
19
|
Preparations of cereals, flour, starch or milk; pastrycooks' products.
|
2360
|
|
12
|
11
|
Products of the milling industry; malt; starches; inulin; wheat gluten.
|
2347
|
|
13
|
85
|
Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles.
|
1545
|
|
14
|
54
|
Man-made filaments; strip and the like of man-made textile materials.
|
1310
|
|
15
|
28
|
Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals, of radioactive elements or of isotopes.
|
1155
|
|
16
|
21
|
Miscellaneous edible preparations.
|
1148
|
|
17
|
90
|
Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
|
1000
|
|
18
|
33
|
Essential oils and resinoids; perfumery, cosmetic or toilet preparations.
|
954
|
|
19
|
20
|
Preparations of vegetables, fruit, nuts or other parts of plants.
|
617
|
|
20
|
5
|
Products of animal origin, not elsewhere specified or included.
|
265
|
(ii) The potential Commodities for India to export to Cambodia are as listed below:-
|
S/N
|
HS code
|
Commodities
|
|
1
|
85
|
Electrical machinery and equipment and parts thereof;
|
|
2
|
87
|
MOTOR VEHICLE/CARS
|
|
3
|
52
|
Cotton Yarn, Fabrics
|
|
4
|
73
|
Articles of iron or steel.
|
|
5
|
76
|
Aluminium and articles thereof
|
|
6
|
48
|
Paper and paperboard; articles of paper pulp, of paper or of paperboard.
|
|
7
|
72
|
Iron and steel.
|
|
8
|
74
|
Copper and articles thereof.
|
|
9
|
39
|
Plastics and articles thereof.
|
|
10
|
30
|
Pharmaceutical products.
|
|
11
|
84
|
Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof.
|
|
12
|
41
|
RAW HIDES AND SKINS (OTHER THAN FURSKINS) AND LEATHER
|
|
13
|
27
|
Mineral fuels, mineral oils and products of their distillation; bituminous substances;mineral waxes.
|
|
14
|
31
|
Fertilisers.
|
|
15
|
23
|
Residues and waste from the food industries; prepared animal fodder.
|
(iii) Top 20 Commodities Imported by Cambodia from the World in the Year 2024:-
|
S/N
|
HS Code
|
Description
|
Jan to Dec 2024
Value in Thousand
|
|
1
|
27
|
Mineral fuels, mineral oils and products of their distillation; bituminous substances;mineral waxes.
|
3847859
|
|
2
|
60
|
Knitted or crocheted fabrics.
|
3081090
|
|
3
|
85
|
Electrical machinery and equipment and parts thereof
|
1950754
|
|
4
|
84
|
Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof.
|
1732792
|
|
5
|
87
|
Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof.
|
1717321
|
|
6
|
55
|
Man- made staple fibres.
|
1349067
|
|
7
|
39
|
Plastics and articles thereof.
|
1312836
|
|
8
|
76
|
Aluminium and articles thereof
|
787033
|
|
9
|
73
|
Articles of iron or steel.
|
780330
|
|
10
|
52
|
Cotton
|
766003
|
|
11
|
48
|
Paper and paperboard; articles of paper pulp, of paper or of paperboard.
|
689169
|
|
12
|
72
|
Iron and steel.
|
631634
|
|
13
|
38
|
Miscellaneous chemical products.
|
542738
|
|
14
|
40
|
Rubber and articles thereof.
|
504994
|
|
15
|
41
|
Raw hides and skins (other than furskins) and leather.
|
420319
|
|
16
|
83
|
Miscellaneous articles of base metal.
|
385641
|
|
17
|
23
|
Residues and waste from the food industries; prepared animal fodder.
|
382183
|
|
18
|
44
|
Wood and articles of wood; wood charcoal.
|
338829
|
|
19
|
96
|
Miscellaneous manufactured articles.
|
328182
|
|
20
|
74
|
Copper and articles thereof.
|
276175
|
2. India had extended Duty Free Tariff Preference (DFTP) Scheme to LDCs, including Cambodia since August 2008. The DFTP Scheme was expanded by the Department of Commerce in 2014 both in terms of coverage and facilitation of trade. Under this Scheme, which covers 98.2% of India’s total tariff lines, India unilaterally provides preferential market access for exports from Cambodia. The economic relations between the countries are also facilitated by the ASEAN-India Trade in Goods Agreement.
3. India-Cambodia Joint Business Council (JBC) was launched with the first meeting taking place on 23rd February 2024 in New Delhi. The JBC has been established with active facilitation of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, India, and Ministry of Commerce of Cambodia. The Federation of Indian Chambers of Commerce & Industry (FICCI) and the Cambodian Oknha Association (COA) are the secretariats for the JBC in India and Cambodia respectively.
4. The 1st meeting of the India Cambodia Joint Working Group (JWG) Health Cooperation under the existing MoU in the field of health & medicine for bilateral development cooperation between India and Cambodia was held virtually on January 17, 2024.
5. The 2nd meeting of the India Cambodia Joint Working Group (JWG) on Trade & Investment (JWGTI) was held on June 19, 2024 in Vanjiya Bhawan New Delhi.
