(1) Basic situation

The Kingdom of Cambodia (referred to as Cambodia) is located on the Indochina Peninsula. It borders Thailand in the west and northwest, Laos in the northeast, Vietnam in the east and southeast, and faces the Gulf of Siam in the south. The capital is Phnom Penh. It covers an area of 180,000 square kilometers and has a population of approximately 16 million. According to statistics from the International Monetary Fund (IMF), Cambodia's GDP in 2023 will be approximately US$33.21 billion, a year-on-year increase of 5.6%, and per capita GDP will be US$1917. According to statistics from China Customs, China will continue to maintain Cambodia's status as the largest trading partner and source of foreign investment in 2023. China has become Cambodia's largest trading partner for 12 consecutive years. In 2023, the trade import and export volume between China and Cambodia will be US$14.82 billion, a year-on-year decrease of 5%. Among them, China's exports to Cambodia were approximately US$12.75 billion, a year-on-year decrease of 7.7%: China's imports to Cambodia were approximately US$2.07 billion, a year-on-year increase of 12.5%.

Cambodia is a country rich in natural resources. Currently, there are more than 20 mineral deposits with proven reserves. The main metal minerals include iron, gold, silver, tungsten, copper, zinc, tin, manganese, lead, etc. Non-metallic mineral deposits include phosphate, limestone, marble, marble, quartz sand, clay, coal, gems and petroleum. Cambodia has a forest coverage rate of 46.9%. It is mainly rich in high-grade woods such as teak, ironwood, rosewood, and ebony. It also has a variety of bamboos, with wood reserves of about 1.1 billion cubic meters.

(2) Automobile market situation

Cambodia is a left-hand car country, with about 1.9 million cars and about 21 cars per 1,000 people. About 60,000 cars are imported every year, 90% of which are used cars, and only 10% are new cars. Thanks to steady GDP growth and strong consumer demand, Cambodia's automobile market has continued to grow in recent years. 2022-2023 In 2001, car sales in Cambodia were 31,000 and 34,000 respectively, year-on-year increases of 32.0% and 10.3% respectively. The brand with the largest market share in new car sales in Cambodia is Ford, followed by Toyota.

The used car market in Cambodia is actively traded, with the most popular models being four-wheel-drive cars and mid-size Japanese sedans. Used cars are mainly imported through Sihanoukville Port, of which Japanese cars account for more than 90%. The best-selling second-hand car models in the area include Toyota Camry, Toyota Hailax, Lexus SUV, Honda CR-V, Mitsubishi L200, etc. In terms of electric vehicles, Cambodia is in the initial stage of encouraging the use of new energy vehicles. As of November 2023, the number of electric vehicles in Cambodia is close to 800. The main brands currently active in the electric vehicle market include BYD, Tesla, BMW, Hongqi, Wuling, etc.

Cambodia's auto parts and accessories are mainly imported from developed countries such as Japan and the United States. Among them, Toyota is the most accessible brand in the local area to obtain auto parts and accessories, and its related parts are affordable. Auto parts used by Ford and General Motors made in the United States are highly rated for quality and can sell for higher prices than parts made in Thailand, Taiwan or other parts of Asia.

(3) Policies and regulations on used car import

1. Import policy

(1) According to the law, cars used in Cambodia must be left-handed vehicles.

However, due to historical reasons, there are some right-hand steering vehicles in Cambodia, and right-hand steering vehicles use special license plates.

(2) Existing right-hand rudder vehicles can continue to be used, but the right-hand rudder is not allowed to continue to be imported

Car.

(3) Cambodia does not recommend importing used cars manufactured before 2000. There will be an annual inspection requirement for used cars produced before 2000, while other vehicles will be inspected every two years.

(4) Vehicle emissions are required to meet Euro II standards during annual inspection.

2. Tax policy

Cambodia's used car import tax mainly consists of tariffs, special taxes, value-added tax, etc. The tariff power is 35%, the special tax is 30-70%, and the value-added tax power is 10%. The specific calculation method of used car import tax in Cambodia:

Import tax =CIF (cost + freight + insurance)* tax rate (customs duty + special tax + value-added tax)

The Cambodia government has announced that it will reduce special taxes on vehicles (including new and used cars) starting from March 2021 to revitalize the automobile market. Specific provisions are as follows:

(1) For private cars with a displacement of no more than 3000ml, the special tax will be reduced by 10%, and will be reduced from 30% to 20% or from 60% to 50% based on the actual displacement of the vehicle.

(2) The special tax on private cars with a displacement of more than 3000ml will be reduced by 15%, from 65% to 50% and from 70% to 55%, depending on specific circumstances;

(3) The special tax on pure electric vehicles for domestic and passenger use will be reduced from 30% to 10%.

(4) The special tax on semi-trailers will be reduced from 40% to 25%.

(5) The special tax on large trucks weighing more than 5 tons and dump trucks, cranes and other specialized vehicles will be reduced from 40% to 30%.

3. Documents required for import

·Automobile import license

·Original bill of lading (including VIN code, engine number, displacement, production date, brand and model number, etc.)

·Import and export tariff declaration form

·Declaration price (IV price) certification (apply to the General Administration of Customs and Excise of Phnom Penh Port)

·Certificate of origin

Source: "Country Guide for Used Car Exports (2023)"

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