Home / Knowledge / News / Apparel/Garments / Robust growth in Cambodia's garment exports to Korea
Robust growth in Cambodia's garment exports to Korea
14
May '12
There has been a huge rise in Cambodian exports to South Korea, mainly driven by garment exports. Garment and footwear sector exports from Cambodia to South Korea soared by 204 percent to US$ 4.9 million during the initial three months of the current year.

This has pushed the Kingdom's overall exports to South Korea to US$ 30 million during the first quarter of current year. This is a 76 percent rise over last year's corresponding period's exports worth US$ 17 million, statistics released by the Korea Trade-Investment Promotion Agency (KOTRA) in Phnom Penh stated.

KOTRA Manager Kim Dohyun said the Cambodian garment industry has expanded with opening of about 20 new Korean garment factories over the last one year, and this is the main reason behind rise in exports.

Korea Chamber of Commerce in Cambodia Chairman Kang Nam-shik said several Korean garment factories have been set up in Cambodia over the last six months, attracted by Cambodia's labour quality and low-wages.

He said despite a rise in wages in the Kingdom, they are still below wages in other countries in the region like China and Vietnam. Eyeing Cambodia as a lucrative destination, several other garment entrepreneurs from Korea are also pondering on setting up their units in the Kingdom, Mr. Nam-shik said.

Although Cambodian exports to Korea have grown substantially, imports still dominate the trade between the two countries. Imports from Korea for the review period surged at a year-on-year rate of 29 percent to US$ 130 million from US$ 101 million.

Overall trade between the two economies for the quarter soared by 36 percent from last year's US$ 117.3 million to US$ 159.9 million during the first three months of 2012.

Mr. Dohyun attributed such rise in trade volume between the two countries to the Kingdom's resurgent economy and a free-trade agreement between the two economies.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Fashion Revolution/Fashion Transparency Index

Fashion | On 23rd Apr 2018

Top global fashion brands now more transparent

Fashion Revolution’s Fashion Transparency Index 2018 reveals Adidas...

Japan’s clothing imports up 4% in fiscal 2017

Apparel/Garments | On 23rd Apr 2018

Japan’s clothing imports up 4% in fiscal 2017

Japan’s imports of clothing and accessories increased by 4 per cent...

PVH, WWF tie up to protect water bodies in Ethiopia, India

Apparel/Garments | On 23rd Apr 2018

PVH, WWF tie up to protect water bodies in Ethiopia, India

PVH Corp , parent company of brands like Tommy Hilfiger, Calvin...

Interviews View All

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search