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Cambodia: Garment, footwear, and travel goods exports valued at $9.3 billion

Cambodia exported garments, footwear and travel goods worth $9.35 billion in 2019, a year-on-year increase of 11 percent, according to a report from the Ministry of Industry and Handicraft.

The report was released at an annual meeting held yesterday for a review of 2019 and to set objectives for 2020.

The report stated there were 1,069 factories last year, of which garment and textile factories comprised 823, travel goods factories 114 and footwear factories 132.

They employed a combined 923,313 workers.

Cham Prasidh, Minister of Industry and Handicraft, said in an opening speech that the ministry is working to facilitate more investment in industry and provide better goods and services.

“With the government’s sharp reform, the ministry will continue to facilitate and attract more investment in the industry sector,” he stated. “The ministry’s aim is to help the private sector progress, which contributes to economic growth.”

According to the Garment Manufacturers Association of Cambodia (GMAC), Cambodia’s exports of garment and travel goods represents 75 percent of Cambodia’s total merchandise exports and some 90 percent of exports to the EU, the largest buyer of Cambodian garments.

Lim Heng, vice-president of Cambodia Chamber of Commerce, told Khmer Times recently that the increase in the country’s exports was because of high demand for Cambodia-made products.

Source: https://www.khmertimeskh.com/50692028/garment-footwear-and-travel-goods-exports-valued-at-9-3-billion