Home / Knowledge / News / Apparel/Garments / Substantial rise in Cambodia's garment exports
Substantial rise in Cambodia's garment exports
13
Jun '11
Cambodia's garment exports jumped 45 percent to US$ 1.2 billion during January to April this year, as against US$ 846 million during the same period in 2010, according to the data released by the Ministry of Commerce.

The renewed demand from Asia and the recovery of Western markets from the global financial crisis has led to the increase in exports, according to experts.

“The demand for garments manufactured in Cambodia is increasing in Japan, China and South Korea. Also, world economies are recovering from the crisis. Hence, our export orders should continue to grow,” said Cheat Khemara of the Garment Manufacturers Association of Cambodia (GMAC).

Mr. Khemara added that the Cambodian garment industry ventured into new markets in the region to balance slowdown in the US and European Union. The GMAC has predicted that the garment industry would grow by nearly 20 percent by the end of the current year.

The higher exports have, however, not resulted in similar increase in profits. It is because the firms have not increased the selling price in spite of the rise in the prices of fuel and other raw materials that are required by the garment industry, said Mr. Khemara.

Mr. Khemara further said that the garment sector in Cambodia has stabilized due to improved regulations, which have led to the growth of the industry.

Since Cambodia mostly produces lower-end garments, the impact of the financial crisis on it was minimal. However, Kong Putheara, Director, Department of Statistics, Ministry of Commerce, said that the increase in garment exports is not enough to meet the rising global demand.

Cambodia's 273 garment factories employ 319,000 workers.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Silke Brand-Kirsch
Schlegel und Partner

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly
Suominen Corporation

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Mike Hoffman
Gildan Activewear SRL

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X