Cambodia witnesses 10.73% increase in apparel exports

Source: https://apparelresources.com

Cambodia has seen a surge of 10.73 per cent in its apparel exports in the first 6 months of 2018.

The export numbers are expected to grow despite threat from the European Union (EU) to withdraw Cambodia’s special trade access.

On 24th October, the Ministry of Commerce released a data according to which Cambodia exported apparels worth US $ 3.2 billion in the first 6 months of 2018 whereas in 2017, the figures were US $ 2.9 billion.

The country’s garment exports to the US and the EU, during the same period, were US $ 1 billion and US $ 1.9 billion, respectively, at a growth of 16.49 per cent and 6.03 per cent, respectively.

In early October, EU had strongly warned that Cambodia may lose its special trade access owing to the undemocratic methods employed by the ruling party to win the July elections.

The Garment Manufacturers Association of Cambodia expressed confidence that the exports for the remaining part of the year will continue to be strong as the garment orders were placed in August and September amidst EU threats.



Categories: Apparel, Asia, Business, Cambodia, Europe, USA

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