Cambodia’s garment and footwear exports rose by 11 per cent to around $4 billion in the first half of this year compared to the same period last year, according to the National Bank of Cambodia (NBC) semi-annual report. The year-on-year growth rate last year was 6.9 per cent. The report did not, however, reveal the reasons behind the rise.
The growth could be attributed to the global economy’s better performance, especially in the United States and the European Union (EU) where the country exports, said Garment Manufacturers Association of Cambodia (GMAC) deputy secretary general Kiang Monika.Cambodia's garment and footwear exports rose by 11 per cent to around $4 billion in the first half of this year compared to the same period last year, according to the National Bank of Cambodia (NBC) semi-annual report. The year-on-year growth rate last year was 6.9 per cent. The report did not, however, reveal the reasons behind the rise.#
The country’s exports to Canada, Japan and China, he said, are all on upward swing as well, but their relative share of exports is still small.
The country’s garment sector grew four per cent last year to hit $7.6 billion, up from $7.3 billion in 2016, a Cambodian English daily reported citing a labour ministry document. (DS)
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