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Cambodia's apparel exports up 12.69% to $9 bn in 2022, but down in Dec

14 Jan '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Cambodia’s apparel exports increased by 12.69 per cent year-on-year to $9.035 billion during January-December 2022. This constituted 40.18 per cent of Cambodia’s total foreign income of $22.482 billion during the period under review, according to data from the general department of customs and excise under the ministry of economy and finance. 

Cambodia’s exports of apparel and clothing accessories (knitted) (Chapter 61) earned $6.367 billion in 2022, which was 9.4 per cent higher than the exports worth $5.819 billion during the corresponding period of 2021. The country’s exports of apparel and clothing accessories (not knitted) (Chapter 62) rose by 21.4 per cent to $2.668 billion in the period under review. In 2021, in this category, the country had exported apparel worth $2.198 billion. 

However, exports of apparel and clothing accessories (knitted) decline during standalone month November 2022 which reflects the sluggish demand in the global market. The exports slipped by 20.9 per cent to $432.261 million in December 2022 from $591.851 million in the same period of 2021. The shipment of non-knitted apparel eased by 1.1 per cent to $245.247 million in the period under review. 

As for the imports, the country’s knitted or crocheted fabric (Chapter 60) imports during January- December 2022 were valued at $2.891 billion, 2.1 per cent lower than the imports worth $2.952 billion in the same period of 2021. But manmade fibre (Chapter 55) imports grew by 7.2 per cent to $1,199.842 million, against $1,119.304 million in January-December 2021. Cotton (Chapter 52) imports slipped 5.9 per cent to reach $507.933 million during the period under review, compared to $539.958 million in the same period of 2021. 

Fibre2Fashion News Desk (KUL)

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