Thailand
Cambodia’s textile exports to Indonesia register consistent growth
The general trade between Cambodia and Indonesia increased by 43.2 per cent to $304 million in the first quarter of 2023. In terms of textile trade, Cambodia is a net exporter to Indonesia, supplying garments and fabric. The exports have consistently grown in previous years. In 2022, Cambodia exported fabric worth $11.607 million and apparel worth $20.504 million. However, there has been a downward trend in fabric imports from Indonesia in previous years.
As both countries are major exporters of textile products, they are competitors in the textile sector. There is limited scope for bilateral trade in the textile industry between both countries. However, Indonesia’s imports of garments and fabric were need based and in limited quantities.
Cambodia’s fabric exports to Indonesia showed impressive growth in 2022, reaching $11.607 million from $0.397 million in 2018. The trade data shows a consistent increase as it grew to $0.707 million in 2019, $2.575 million in 2020, $7.329 million in 2021. The outbound trade was recorded at $1.061 million in January-February 2023, according to Fibre2Fashion’s market insight tool TexPro.
Cambodia imported fabric from Indonesia worth $4.541 million in 2022. The inbound trade has seen a downward trend in previous years. The import was recorded at $11.308 million in 2020, which decreased to $7.864 million in 2021 and $4.541 million in 2022. It was noted at $0.645 million in the first two months of 2023.
Cambodia’s apparel exports to Indonesia increased consistently after COVID-related disruptions in 2020. The exports rose to $20.504 million in 2022 from $16.144 million in 2021. It bounced back after a steep fall during 2020 when the trade was registered at $14.560 million against $22.292 million in 2019. Cambodia had exported apparel worth $18.360 million in 2018. During the first two months of the current year, Cambodia exported apparel worth $2.381 million. Cambodia’s import of apparel from Indonesia was noted at $1.840 million in 2022, according to TexPro. Fibre2Fashion News Desk (KUL)
Source: https://www.khmertimeskh.com/501281695/cambodias-textile-exports-to-indonesia-register-consistent-growth/