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Cambodian garment exports up 22% in Jan-Sept'13
24
Oct '13
The exports of garments from Cambodia increased by a sharp 22 percent to US$ 4.1 billion during the first nine months of the current year, compared to exports of US$ 3.44 billion made during the corresponding period of last year, according to the data released by the Ministry of Commerce.
 
With imports of around US$ 1.21 billion, the US was the largest market for Cambodian apparel during January-September 2013 period.
 
Europe, Canada, Japan, South Korea and China were the other major importers of Cambodian clothing during the nine-month period.
 
The Cambodian garment sector consists of more than 500 factories employing over 500,000 workers. 
 
In 2012, 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.
 
The garment sector is the main foreign exchange earner for Cambodia, accounting for about 80 percent of the country’s overall exports.
 
Last year, China turned out to be the largest investor in Cambodian garment sector with a total investment of US$ 121 million followed by Taiwan with US$ 112 million and Korea with US$ 70 million. Singapore, the US, Malaysia, Japan, Thailand, Australia, England and India were some other countries that invested in Cambodian apparel sector in 2012.
 

Fibre2fashion News Desk - India

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