1,995 Cambodian factories in June 2023; up from 1,982 in 2022 end

The country’s exports fell by 2.1 per cent to $11,489 million in H1 2023, the report said.

The number of factories registered for the same month last year was 1,974, and 1,982 factories were registered by end of last year.

The manufacturing sector was hit by the slowdown in the country’s primary export markets—the United States and the European Union (EU).

The export of garment products was $3,654 million during H1 2023—a year-on-year (YoY) decrease of 19 per cent, a Cambodian media outlet reported.

In the six-month period, footwear exports fell by 17.2 per cent YoY to $702 million and travel goods exports dropped by 17.1 per cent YoY to $999 million, the report added.

ALCHEMPro News Desk (DS)