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Cambodia’s apparel exports up 16.56 pct to $8.366 bn in Jan-Nov 2022

Cambodia’s apparel exports increased by 16.56 per cent year-on-year to $8.366 billion during January-November 2022. This constituted 40.89 per cent of Cambodia’s total foreign income of $20.457 billion during the period under review, according to data from the general department of customs and excise under the ministry of economy and finance.

Cambodia’s exports of apparel and clothing accessories (knitted) earned $5.943 billion in the first eleven months of this year, which was 13.7 per cent higher than the exports worth $5.227 billion during the corresponding period of last year. The country’s exports of apparel and clothing accessories (not knitted) rose by 24.2 per cent to $2.423 billion in the period under review. Last year, in this category, the country exported apparel worth $1.950 billion.

However, the exports of apparel and clothing accessories (knitted) recorded a negative growth during standalone month November 2022 which reflects the sluggish demand in the global market. The exports slipped by 9.5 per cent to $430.131 million in November 2022 from $475.236 million in the same period of last year. However, the shipment of non-knitted apparel grew by 14.6 per cent to $188.635 million in the period under review.

As for the imports, the country’s knitted or crocheted fabric imports during January-November 2022 were valued at $2.709 billion, which was 1.5 per cent higher than the imports worth $2.670 billion in the same period last year. Likewise, manmade fibre imports grew by 10.9 per cent to $1,102.303 million, against $994.344 million in January-November 2021. But cotton imports slipped 4.6 per cent to reach $460.240 million during the period under review, compared to $482.411 million in the same period of 2021. Fibre2Fashion