Home / Knowledge / News / Apparel/Garments / Cambodia's garment exports grow 17.5% in Jan-March'13
Cambodia's garment exports grow 17.5% in Jan-March'13
05
Jun '13
The exports of garments and textiles from Cambodia have grown by 17.5 percent year-on-year to reach US$ 1.34 billion during the first three months of the current year, data released by the Ministry of Commerce shows.
 
Since Cambodia depends on imports for textile raw material to stitch apparels, the imports of textiles and garments by the country during January to March 2013 rose by 18.3 percent year-on-year to US$ 753 million.
 
The robust growth in both imports and exports of textiles and garments during the first quarter of 2013, points at expansion of the garment industry in Cambodia.
 
The Southeast Asian country is benefiting from its low labour cost, and buyers are increasingly placing orders in the Kingdom, mainly due to rising minimum wage in China.
 
Last year, Cambodia exported apparels worth US$ 4.61 billion, registering a growth of nine percent compared to exports of US$ 4.24 billion made in 2011.
 
Cambodia exports its apparels mainly to the US and the EU, while it depends on Asian countries, especially China, South Korea and Japan for its imports of textile raw materials.
 
The garment sector is the main foreign exchange earner for Cambodia, accounting for about 80 percent of the country’s overall exports.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silke Brand-Kirsch
Schlegel und Partner

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Ritu Kumar
Label Ritu Kumar

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

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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