U.S.-Cambodia cooperation is growing in a number of areas. In 2006, the United States and Cambodia signed a bilateral Trade and Investment Framework Agreement (TIFA), creating a cooperative mechanism focused on deepening and expanding our bilateral trade and supporting Cambodia’s efforts to implement its WTO commitments and domestic reforms. In 2012, the United States and Cambodia agreed to begin exploratory discussions of a potential bilateral investment treaty (BIT).
The United States remains Cambodia’s largest trading partner and export market. Two-way goods trade between the United States and Cambodia totaled $2.9 billion in 2012. Cambodia is undertaking efforts to broaden its export profile but currently depends overwhelmingly on exports from its garments and apparel sector. Garment and apparel exports to the world totaled more than $4 billion in 2012.
U.S. goods exports to Cambodia in 2012 were $226 million, up 22% from 2011, which makes Cambodia the United States’ 129th largest goods export market. Top export categories (2-digit HS) for 2012 were: Vehicles ($160 million) and Machinery ($18 million). U.S. exports of agricultural products to Cambodia totaled $20 million in 2012.
Cambodia was the United States 60th largest supplier of goods imports in 2012, with goods imports totaling $2.7 billion. Top imports categories (2-digit HS) for 2012 were: Knit Apparel ($1.8 billion), Woven Apparel ($741 million), and Footwear ($44 million).
U.S. foreign direct investment (FDI) in Cambodia (stock) was $10 million in 2011, up 150% from 2010.Cambodia’s FDI in the United States (stock) was not available in 2011.