Cambodia witnesses robust growth in apparel exports to UK

13 Dec '22

2 min read

Pic: Shutterstock.com

Cambodia’s apparel exports of $758.532 million in the first three quarters of this year have already crossed the total exports of $613.344 million in 2021. At this rate, the exports are likely to touch the $1 billion mark by December 2022. The two countries are planning to sign a memorandum of understanding (MoU), as per Cambodia’s ministry of commerce.

Cambodia’s apparel exports to the UK were $729.940 million in 2020, $906.820 million in 2019, $1,062.281 million in 2018 and $919.337 million in 2017. On a quarterly basis, the exports were at $276.038 million in Q3, $247.153 million in Q2 and $235.340 billion in Q1 2022. Last year, the country’s shipment was $186.807 million in Q4, $154.342 million in Q3 and $124.671 million in Q2, according to Fibre2Fashion’s market insight tool TexPro.

However, the exports of home textiles from Cambodia to the UK were negligible. The shipment decreased from $13.480 million in 2019 to $5.041 million in 2020 and $8.035 million in 2021. Cambodia exported home textiles worth $8.615 million in the first three quarters of this year.

The MoU is expected to boost the bilateral trade and investments between the two countries. It will help promote apparel and home textile exports from Cambodia to the UK.

Fibre2Fashion News Desk (KUL)

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