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Cambodia clocks impressive growth of 24% in garment exports in 2024

21 Jan '25
2 min read
Cambodia clocks impressive growth of 24% in garment exports in 2024
Pic: Adobe Stock

Insights

  • Cambodia's apparel exports surged 24.44 per cent to $9.791 billion in 2024, contributing 37.37 per cent of total foreign income.
  • Knitted apparel exports grew 21.2 per cent, and non-knitted rose 31.9 per cent.
  • Imports of fabrics and fibres, including knitted, man-made fibres, and cotton, also saw significant growth.
  • Despite global challenges, Cambodia showed resilience.
Cambodia’s apparel exports surged by 24.44 per cent to $9.791 billion in the recently concluded year, 2024. Apparel exports contributed 37.37 per cent to the country’s total foreign income, which amounted to $26.196 billion, according to the General Department of Customs and Excise (GDCE) under the Ministry of Economy and Finance. Trade data for December 2024 showed growth in garment exports, reflecting stronger demand in the global textile and clothing market.

During this period, Cambodia’s exports of knitted apparel and clothing accessories (Chapter 61) totalled $6.638 billion, marking a 21.2 per cent increase from $5.478 billion in 2023. Likewise, exports of non-knitted apparel and clothing accessories (Chapter 62) rose by 31.9 per cent to $3.153 billion, up from $2.390 billion in 2023.

In December 2024, apparel exports grew by 11.38 per cent to $849.567 million, compared to $762.723 million in the same month of 2023. Exports of knitted apparel and accessories increased by 6.4 per cent to $529.374 million, compared to $497.610 million in December 2023. Meanwhile, exports of non-knitted apparel and accessories rose by 20.8 per cent to $320.193 million in December 2024.

On the import side, Cambodia’s imports of knitted or crocheted fabrics (Chapter 60) reached $3.081 billion during 2024, an increase of 18.6 per cent from $2.597 billion in 2023. Imports of man-made fibres (Chapter 55) rose by 22.8 per cent to $1.349 billion, compared to $1,098.843 million in the previous year. Imports of cotton and cotton yarn (Chapter 52) also grew by 36.3 per cent to $766.003 million, up from $561.991 million in 2023.

Cambodia’s strong performance in the textile and garment trade is notable, especially given the global challenges facing the sector. The sustained high export volumes underline the country’s resilience amid the current global economic scenario.

In 2023, Cambodia’s apparel exports declined by 12.91 per cent to $7.87 billion. This contrasts with a 12.69 per cent increase in apparel exports in 2022, when the total reached $9.04 billion.

Fibre2Fashion News Desk (KUL)

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