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

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Mohammad Hassan
Biax Fiberfilm

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

Suresh Patel
Sidwin Fabric

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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:
July 2017

July 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