Home / Knowledge / News / Apparel/Garments / Clothing exports grow stupendously in 2011
Clothing exports grow stupendously in 2011
30
Apr '11
Officials of the Cambodia's Ministry of Commerce revealed that, the first quarter of the current year saw Cambodia's exports going up by almost 50 percent, over corresponding period last year, but in spite of this, the country's trade deficit grew bigger during the period.

According to statistics, exports witnessed a year on year rise of 49.6 percent and grew to US$1.13 billion, from $756.6 million.

Not only had the rise in demand for textiles and garments, but even in agricultural products stimulated this rise in exports, Ok Boung, Ministry of Commerce Secretary of State said.

During the review period, exports of textile and garments, Cambodia's key exports items, grew by 45.5 percent from $670.9 million to $976 million, while imports comprising inputs for garments, petroleum, food, vehicle, medicine and construction materials increased by 71 from $908.5 million to $1.55 billion.

Huot Pum, a Professor of Economics at the Phnom Penh based Royal University of Law and Economics said that, these figures are indicative of that, Cambodia comparatively has more potential to produce items which are sought by other countries.

However, he held the rise in raw material imports for the garment industry to be a reason responsible for the expanding trade deficit.

This is the reason that when exports rise, imports too rise correspondingly, as Cambodia presently lacks the potential to produce the materials required for the garment industry by itself, he added.

Fibre2fashion News Desk - India

Must ReadView All

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...

Textiles | On 23rd May 2017

Grasim's VSF business net revenue up 12% in Q4 FY17

The viscose staple fibre (VSF) business of Grasim Industries has...

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...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Silke Brand-Kirsch
Schlegel und Partner

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mohammad Hassan
Biax Fiberfilm

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

Yash P. Kotak
Bombay Hemp Company

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

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