Cambodia-Singapore Trade Skyrockets 189% Driven by Fuel, Equipment Imports

Cambodia’s trade with Singapore has surged by nearly 189 percent year-on-year, reaching over USD 1.4 billion in the first seven months of 2026. This significant growth was primarily driven by a sharp 200 percent increase in imports from the city-state, according to official data released Wednesday. Figures from the General Department of Customs and Excise revealed that while exports from Cambodia to Singapore totaled more than USD 50 million, marking a 37 percent rise, imports from Singapore reached an impressive USD 1.3 billion, up 200 percent from the same period last year. Cambodia’s primary exports to Singapore include agricultural products and garments, whereas imports are dominated by fuel, gas, and equipment. Hong Vannak, an economist at the Royal Academy of Cambodia, commented that the trade expansion reflects rising demand between the two nations, which is boosting logistical flows to meet consumer needs. Researcher Chey Tech further suggested that the surge in imports may also be partly attributed to the diversion of strategic goods and raw materials from neighboring countries, as well as shifts in ordering patterns possibly influenced by border issues and a boycott of Thai products. These latest figures build upon strong growth observed in 2025, when Cambodia-Singapore trade exceeded USD 2.34 billion, an 89 percent increase from 2024. During that year, Cambodian exports to Singapore more than doubled to USD 920 million, while imports stood at USD 1.42 billion, a 50.5 percent rise. Officials highlighted that the data underscores Singapore’s dual role as a key supplier to Cambodia and a growing market for Cambodian goods, with imports forming the overwhelming majority of bilateral trade in early 2026.