How much does Cambodia’s economy rely on external trade?
The trade-to-GDP ratio is frequently used to measure the importance of international transactions relative to domestic transactions. This indicator is calculated for each country as the simple average (i.e., the mean) of total trade (i.e., the sum of exports and imports of goods and services) relative to GDP. This ratio is often called the trade openness ratio.
Trade openness level of Cambodia
Cambodia has followed ASEAN’s export-driven model of growth, with a high level of trade openness. Cambodia’s trade openness level of 125% of GDP is even higher than that of Thailand. Cambodia’s key trade partners include the US, Thailand, Vietnam, China, the UK, Germany, Canada, and Japan.