Home / Knowledge / News / Apparel/Garments / Cambodia's garment exports cross $5bn mark in 2013
Cambodia's garment exports cross $5bn mark in 2013
27
Dec '13
The exports of garment and footwear from the Southeast Asian nation of Cambodia has fetched US$ 5.07 billion by November this year, showing a year-on-year increase of 22 percent, the data from the Ministry of Commerce showed, The Phnom Penh Post reported.
 
The huge increase in exports was due to notable year-on-year increases in Cambodia’s garments and footwear exports to the US and the EU, its two main destinations.
 
Cambodia’s garment exports to the EU surged by 33 percent year-on-year to US$ 1.81 billion during the first 11 months of 2013, while those to the US increased by 9 percent year-on-year to US$ 1.96 billion.
 
The value of garment exports from Cambodia to other countries, including Japan and South Korea, also registered a sharp 31 percent year-on-year increase during the 11-month period.
 
Meanwhile, the country’s garment sector have resorted to a nationwide strike demanding higher wages than the US$ 15 per month announced by the Ministry of Labour earlier this week.
 
In response to the labour unions demanding that the minimum wage should be doubled to US$ 160 per month, the Labour Advisory Committee, under the Ministry of Labour and Vocational Training, decided to double the minimum wage over the next five years period.
 
The garment sector is the main foreign exchange earner for Cambodia, accounting for about 80 percent of the country’s overall exports. It employs over 300,000 workers, with more than 90 percent of them being female.
 
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.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Tony Ward
Tony Ward

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search