Home / Knowledge / News / Apparel/Garments / Robust growth in Cambodia's garment exports to Korea
Robust growth in Cambodia's garment exports to Korea
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: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Global growth to pick up in 2017 and 2018: IMF

The pickup in global growth anticipated in the April World Economic...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Smita Murarka

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


July 2017

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

news category

Related Categories:

Planning to Take the Leap towards

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

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

Yes No

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

Yes No

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

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