Cambodia and Singapore recorded approximately $3 billion in bilateral trade during the first 10 months of 2026, highlighting the continued expansion of economic relations between the two ASEAN economies. The growth comes alongside increasing Singaporean investment in Cambodia and expanding cooperation across healthcare, education, logistics, technology and professional services.
The latest figures were announced by Minister of Commerce Cham Nimul during the inauguration of a new building at SingMed International Medical Centre in Phnom Penh, attended by Singaporean Ambassador to Cambodia Steven Pang and representatives of the medical centre.
Key Facts
Bilateral trade: Approximately $3 billion from January to October 2026.
2025 trade value: $2.3 billion.
2024 trade value: $1.2 billion.
Singapore's investment position: Fourth-largest foreign investor in Cambodia.
Major cooperation sectors: Trade, investment, education, logistics, technology and healthcare.
Healthcare milestone: SingMed expanded from an outpatient clinic established in 2019 into a multidisciplinary medical centre.
Cambodia's priority: Attracting high-value investment that supports skills development, innovation and improved service standards.
Cambodia–Singapore Trade Shows Strong Growth
Economic cooperation between Cambodia and Singapore has continued to strengthen, with bilateral trade increasing significantly over the past three years.
According to figures highlighted by Commerce Minister Cham Nimul, trade between the two countries reached approximately $1.2 billion in 2024 before rising to $2.3 billion in 2025.
The upward trend continued in 2026, with bilateral trade reaching around $3 billion during the first 10 months of the year.
The figures demonstrate the growing importance of Singapore as a commercial partner for Cambodia within the Association of Southeast Asian Nations (ASEAN).
Beyond merchandise trade, the relationship also includes investment, professional exchanges and cooperation in services that contribute to economic development and public welfare.
Singapore Ranks Fourth Among Foreign Investors in Cambodia
Singapore remains one of Cambodia's important trading and investment partners in ASEAN, ranking fourth among foreign investors in the Kingdom.
The growing investment relationship reflects opportunities for Singaporean businesses to participate in Cambodia's expanding economy, particularly in sectors requiring technology, professional expertise, infrastructure and specialised services.
Minister Cham Nimul said Cambodia sees considerable potential to deepen economic cooperation with Singapore, particularly through high-value services and investments that can improve skills, innovation and service quality.
She also reaffirmed the Ministry of Commerce's commitment to working with Singaporean partners and the private sector to facilitate business opportunities and create an environment where quality investments can develop.
Healthcare Emerges as an Area of Bilateral Cooperation
Healthcare was a central focus of the event, which marked the inauguration of SingMed International Medical Centre's new building in Phnom Penh.
The ceremony was attended by Commerce Minister Cham Nimul, Singaporean Ambassador Steven Pang, SingMed Chairman Pin Netra and medical professionals.
During her remarks, Nimul congratulated SingMed's management and staff on the centre's development from an outpatient clinic established in 2019 into a multidisciplinary medical facility.
The centre combines Singaporean medical expertise with the professional capabilities of Cambodian healthcare workers.
Its expanded facilities offer:
Diagnostic services.
Specialist consultations.
Inpatient treatment.
Emergency care.
The expanded medical centre is expected to help address Cambodia's growing healthcare needs by providing a wider range of medical services.
Cambodia Seeks More High-Value Investment and Professional Expertise
Cambodia's economic partnership with Singapore extends beyond conventional trade and investment into areas that can strengthen the country's service industries and professional capabilities.
The Ministry of Commerce sees opportunities to attract investments that introduce new technologies, improve service standards and develop local skills.
Cooperation in healthcare, education, logistics and technology could support Cambodia's efforts to diversify its economy and improve the quality of services available to businesses and the public.
For Singaporean companies, Cambodia offers opportunities in a developing market with growing demand for professional services, modern infrastructure and specialised business solutions.
Angkor Times Analysis: Singapore's Role Could Expand Beyond Trade and Capital Investment
The increase in Cambodia–Singapore trade to approximately $3 billion in the first 10 months of 2026 highlights the growing importance of the relationship within ASEAN.
However, the broader economic value of this partnership may extend beyond merchandise trade.
Singapore has established capabilities in financial services, logistics, healthcare management, technology and professional services. These areas align with Cambodia's ambitions to develop higher-value economic activities and strengthen its domestic business environment.
Three areas present particularly important opportunities:
Healthcare investment and knowledge transfer: Partnerships involving medical facilities, specialist services, technology and professional training could help strengthen Cambodia's healthcare capacity.
Logistics and digital development: Singaporean expertise could support more efficient supply chains, digital business operations and modern commercial infrastructure.
Skills and service-sector development: Investment in professional services and education could contribute to workforce development and improve the quality of Cambodia's service industries.
The development of SingMed illustrates how international expertise and local professional capabilities can come together in Cambodia's healthcare sector.
For Cambodia, the next priority should be attracting investments that generate measurable domestic benefits through skilled employment, technology adoption, professional development and improved service delivery.
The continued expansion of Cambodia–Singapore trade provides a foundation for this broader cooperation, positioning the relationship as an important part of Cambodia's regional economic integration.
Frequently Asked Questions
1. How much was Cambodia–Singapore trade in the first 10 months of 2026?
Bilateral trade reached approximately $3 billion between January and October 2026.
2. How much was bilateral trade in 2025?
Trade between Cambodia and Singapore reached $2.3 billion in 2025.
3. How much was trade in 2024?
Bilateral trade totalled approximately $1.2 billion in 2024.
4. What is Singapore's investment ranking in Cambodia?
Singapore ranks fourth among foreign investors in Cambodia, according to the Minister of Commerce.
5. Which sectors are important to Cambodia–Singapore economic cooperation?
Major areas include trade, investment, education, logistics, technology and healthcare.
6. What is SingMed International Medical Centre?
SingMed developed from an outpatient clinic established in 2019 into a multidisciplinary medical centre combining Singaporean medical expertise with Cambodian healthcare professionals.
7. What services does SingMed's expanded facility provide?
Its services include diagnostics, specialist consultations, inpatient treatment and emergency care.