Cambodian H1 textile-apparel-footwear-travel goods exports dip 18% YoY

14 Aug '23

1 min read

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Insights

The Textile, Apparel, Footwear & Travel Goods Association in Cambodia has said the sector's exports had slipped by 18 per cent year on year in the first half this year.
However, the situation will remain stable without notable positive trends, it predicted.
Cambodia has 1,077 factories as of August 11—802 in garment, 140 in footwear and 134 in travel goods.

The Textile, Apparel, Footwear & Travel Goods Association in Cambodia (TAFTAC) recently said exports in the sector had slipped by 18 per cent year on year (YoY) in the first half this year due to global economic downturn. However, the situation will remain stable without notable positive trends, due to the economic situation in the United States and Europe, it predicted.

Cambodia has 1,077 factories employing 764,358 workers as of August 11, of which 802 are garment units, 140 produce footwear and 134 manufacture travel goods, according to TAFTAC president Kong Sang.

Sang released the figures at the 2023 Business Forum organised by the Cambodia Oknha Association (COA), according to Cambodian media reports.

The sector’s exports last year reached $12.5 billion, equal to nearly 60 per cent of the country’s total export value, and accounting for 10 per cent of the Cambodian economy.

Fibre2Fashion News Desk (DS)

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