Cambodia and Türkiye are seeking to increase bilateral trade to US$1 billion in the coming years, with Cambodian Prime Minister Hun Manet urging businesses in both countries to strengthen commercial partnerships, diversify products and develop new investment projects. Speaking at the Cambodia-Türkiye Business Forum in Türkiye on October 16, 2026, Hun Manet highlighted opportunities in manufacturing, agriculture, agro-processing, transport and logistics, renewable energy, digital technology and sustainable tourism. Bilateral trade reached approximately US$400 million in 2025, an increase of more than 18% compared with 2024.
Key Facts
Trade target: US$1 billion in bilateral trade in the coming years.
2025 bilateral trade: Approximately US$400 million.
Year-on-year growth: More than 18% in 2025 compared with 2024.
Key event: Cambodia-Türkiye Business Forum, held in Türkiye on October 16, 2026.
Prime Minister: Hun Manet.
Business agreement: Memorandum of understanding between the Cambodia Chamber of Commerce and Türkiye’s Foreign Economic Relations Board.
Priority sectors: Manufacturing, agriculture, agro-processing, transport and logistics, renewable energy, digital technology and sustainable tourism.
Hun Manet Calls for Stronger Private-Sector Cooperation
Speaking at the business forum, Hun Manet called on Cambodian and Turkish business communities to work together to achieve the shared bilateral trade target of US$1 billion.
The Prime Minister pointed to the growth in trade during 2025 as evidence of momentum toward the target. He emphasised that stronger commercial relationships, more diversified products and closer business networks would be important to expanding economic ties.
The forum was co-organised by the Cambodia Chamber of Commerce, Cambodia’s Ministry of Commerce, Türkiye’s Foreign Economic Relations Board and Türkiye’s Ministry of Trade.
The event provided a platform for government representatives and business organisations to discuss ways to expand trade, identify investment opportunities and strengthen connections between companies in the two countries.
Although the trade target sets a direction for bilateral economic cooperation, the source report does not specify a deadline for reaching US$1 billion or provide a detailed implementation plan.
Bilateral Trade Reaches US$400 Million in 2025
Trade between Cambodia and Türkiye reached approximately US$400 million in 2025, representing growth of more than 18% from 2024.
The increase provides a baseline for the two countries’ ambition to expand their commercial relationship further.
Reaching US$1 billion would require bilateral trade to grow to approximately 2.5 times its 2025 value. The actual pace of expansion will depend on demand in both markets, the competitiveness of traded products, market access and the ability of businesses to establish sustainable commercial partnerships.
The source report does not provide a breakdown of the current trade value by product category, nor does it specify the respective values of Cambodian exports to Türkiye and Turkish exports to Cambodia.
Those details would help identify which industries currently account for the largest share of trade and where new commercial opportunities may exist.
Three Economic Mechanisms to Support Trade and Investment
Hun Manet highlighted the importance of strengthening three existing bilateral mechanisms to support the expansion of trade and investment.
Cambodia-Türkiye Joint Economic Commission
The commission provides a government-level mechanism for dialogue on economic cooperation. Strengthening its work could help both sides discuss trade barriers and coordinate priorities.
Cambodia-Türkiye Business Council
The business council can help connect companies, identify commercial opportunities and support closer engagement between private-sector representatives.
Commercial Office of the Turkish Embassy
The commercial office can contribute to market information-sharing and business engagement, helping companies understand potential partners and opportunities in each country.
Hun Manet emphasised that government-to-government relations provide the necessary legal and institutional frameworks, while businesses are the driving force behind expanding economic ties.
He encouraged ministries, investment promotion agencies and chambers of commerce in both countries to work more closely together, connect potential partners, share market information and support the development of concrete investment projects.
Manufacturing and Agro-Processing Among Priority Investment Sectors
The Prime Minister encouraged Turkish businesses and investors to explore opportunities across several sectors where Cambodia and Türkiye may be able to complement each other’s economic capabilities.
Manufacturing
Türkiye’s industrial capabilities and Cambodia’s expanding manufacturing base could provide opportunities for industrial cooperation, supplier relationships and investment partnerships.
Potential projects would depend on commercial feasibility, production costs, access to markets and the ability of businesses to meet relevant standards.
Agriculture and agro-processing
Cambodia’s agricultural resources offer potential for cooperation in processing, value-added production and the development of agricultural supply chains.
Expanding agro-processing could create opportunities to move beyond the sale of unprocessed commodities, although specific projects and investment commitments were not announced in the source report.
Transport and logistics
Transport and logistics cooperation could support the movement of goods between the two countries and improve connections with wider regional markets.
Businesses would need to assess shipping routes, costs, delivery times and other operational requirements before establishing new trade arrangements.
Renewable energy
Renewable energy was identified as another area for potential cooperation. Opportunities could include investment and commercial partnerships, but the report did not identify specific projects, technologies or financing commitments.
Digital technology
Digital technology could provide opportunities for cooperation between companies seeking to develop products, services and business connections across the two markets.
The source report did not specify particular technologies or planned joint ventures.
Sustainable tourism
Tourism was also highlighted as a potential area for closer cooperation. Business partnerships could support tourism services and related commercial activity, although no visitor targets or tourism agreements were detailed in the report.
Cambodia Chamber of Commerce and Türkiye’s DEİK Sign MoU
At the conclusion of the forum, Hun Manet witnessed the exchange of a memorandum of understanding between the Cambodia Chamber of Commerce and Türkiye’s Foreign Economic Relations Board, commonly known as DEİK.
The agreement aims to promote business and investment cooperation between the two countries.
The MoU provides a framework for closer engagement between the participating business organisations. Its practical impact will depend on how the organisations translate the agreement into business connections, investment discussions and commercial projects.
The source report does not disclose specific financial commitments, investment values, implementation milestones or a list of projects arising from the MoU.
What the US$1 Billion Trade Target Means for Businesses?
The proposed target provides a reference point for companies considering opportunities in Cambodia-Türkiye trade. However, reaching it will require more than diplomatic engagement and general expressions of interest.
Businesses need clear information about demand, product requirements, import procedures, distribution networks and potential partners in each market.
For Cambodian companies, the priority may be to identify products that can compete in Türkiye and establish reliable channels for reaching buyers. Turkish companies considering Cambodia may evaluate opportunities in manufacturing, agricultural processing, infrastructure-related services and other sectors identified at the forum.
Trade promotion organisations and chambers of commerce can support these efforts by arranging business meetings, sharing market information and helping companies navigate commercial procedures.
The source report does not establish which products will drive the next phase of trade growth. Sector-level trade data and evidence of new business agreements will be important for assessing progress toward the target.
Angkor Times Analysis
Cambodia and Türkiye’s US$1 billion trade ambition sets a measurable objective for bilateral economic cooperation. The reported US$400 million in trade during 2025 provides a starting point, but the target will require sustained expansion in commercial activity.
The most important next step is to convert the forum’s commitments into identifiable business opportunities. That means matching companies with potential buyers and suppliers, identifying products with market demand, and developing projects that can proceed from initial discussions to actual trade or investment.
The proposed cooperation across manufacturing, agriculture, agro-processing, logistics, renewable energy, digital technology and tourism provides a broad agenda. Yet the breadth of the agenda also makes prioritisation important. Progress will be easier to assess if the two sides identify specific sectors, establish measurable milestones and publish updates on new commercial agreements.
The MoU between the Cambodia Chamber of Commerce and DEİK could help provide an institutional channel for this work. Its value will ultimately depend on the partnerships and projects it supports.
For businesses and investors, the forum signals an intention to deepen economic ties, but it does not itself confirm new investments or guarantee that the trade target will be achieved. Continued market research, competitive products and effective business-to-business cooperation will be central to turning the target into measurable results.
Frequently Asked Questions
1. What is the Cambodia-Türkiye bilateral trade target?
The two governments are seeking to increase bilateral trade to US$1 billion in the coming years. The source report does not specify a final deadline.
2. How much was trade between Cambodia and Türkiye in 2025?
Bilateral trade reached approximately US$400 million in 2025, an increase of more than 18% compared with 2024.
3. Which sectors are being targeted for cooperation?
The sectors highlighted by Hun Manet include manufacturing, agriculture, agro-processing, transport and logistics, renewable energy, digital technology and sustainable tourism.
4. What agreement was exchanged at the business forum?
The Cambodia Chamber of Commerce and Türkiye’s Foreign Economic Relations Board exchanged an MoU aimed at promoting business and investment cooperation.
5. What role will business organisations play?
The two sides are expected to use business organisations and bilateral mechanisms to connect companies, share market information, address trade and investment barriers, and support potential projects.
6. Has new investment been confirmed?
The source report does not announce specific new investment commitments or project values. It describes priority sectors and cooperation mechanisms intended to encourage future business activity.