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Cambodia's apparel exports to major markets fall steeply in Q1, 2023

15 May '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • In Q1 2023, Cambodia's apparel exports amounted to $**** billion, with Europe and North America experiencing significant declines in trade.
  • Europe, North America and Asia-Pacific markets combined accounted for over ** per cent of Cambodia's apparel exports.
  • Exports to Europe declined by **.** per cent and to North America dropped by **.** per cent.

Cambodia&#**;s apparel exports to Europe amounted to $***.*** million, which accounted for **.** per cent of its total shipments from January to March ****. The share of exports to North America was **.** per cent, with shipments valued at $***.*** million during the same period. The outbound shipments to the Asia-Pacific region were valued at $***.*** million, representing a **.** per cent share of the total. These three markets accounted for more than ** per cent of the total exports, according to Fibre2Fashion&#**;s market insight tool TexPro. The Middle East, Central & South America, and Africa were minor markets for Cambodia&#**;s apparel. 

Cambodia’s shipments to Europe declined by **.** per cent in the first quarter of the current year, compared to shipments worth $*.*** billion during January-March ****. In the first quarter of ****, exports were valued at $***.*** million. Shipments to North America, including the United States, dropped by **.** per cent to $***.*** million in the first quarter of the current year. Trade was recorded at $*.*** billion in Q* **** and $*.*** billion in Q* ****, as per TexPro. 

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