Cambodia’s garment exports increases by 18.51% to $7.747 billion in Jan-Oct 2022

• Nov 28, 2022

The exports of apparel from Cambodia increased by 18.51 per cent year-on-year to $7.747 billion during January-October 2022. This constituted 41.30 per cent of Cambodia’s total foreign income of $18.747 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 $5.513 billion in the first ten months of this year, which was 16 per cent higher than the exports worth $4.752 billion during the corresponding period of last year. The country’s exports of apparel and clothing accessories (not knitted) rose by 25.1 per cent to $2.234 billion in the period under review. Last year, in this category, the country had exported apparel worth $1.785 billion.

However, the exports recorded negative growth during standalone month October 2022 which shows slugging demand in the global market. The exports of knitted apparel and clothing accessories slipped 24.2 per cent to $403.551 million in October 2022 from $532.309 million in the same period of last year. The shipment of non-knitted apparel came down by 4.3 per cent to $169.498 million in the period under review.

As for the imports, the country’s knitted or crocheted fabric imports during January-October 2022 were valued at $2.545 billion, which was 4.6 per cent higher than the imports worth $2.434 billion in the same period last year. Likewise, manmade fibre imports grew by 12.7 per cent to $1.008 billion, against $894.536 million in January-October 2021. But cotton imports slipped 1.4 per cent to reach $424.244 million during the period under review, compared to $430.265 million in the same period of 2021. Fibre2Fashion News Desk