Heather Wheeler, the British Prime Minister's trade envoy, recently undertook a trade visit to Cambodia to explore further trade opportunities and green investments. The UK's total apparel imports amounted to $8.356 billion from January to May 2023. During the same period last year, imports stood at $9.812 billion. Cambodia's share was $349.17 million this year, compared to $397.478 million last year, which made up 4.05 per cent of the total. Cambodia retained its position as the eighth-largest apparel supplier to the UK, according to Fibre2Fashion's TexPro, a market insight tool.
On an annual basis, apparel imports from Cambodia reached $1.127 billion in 2022, representing 4.62 per cent of the UK's total inbound shipments worth $24.391 billion. Cambodia became the UK's seventh-largest apparel supplier.
Historically, UK imports from Cambodia have been inconsistent. The figure dropped to $272.158 million in January-May 2020, down from $364.364 million during the same period in 2019. Despite the decline, Cambodia's ranking improved to eighth in January-May 2020 from ninth in 2019. However, in January-May 2021, imports plummeted further to $243.763 million, and Cambodia's rank dropped to eleventh. By 2022, the figure rebounded to $397.478 million, and Cambodia returned to being the UK's eighth-largest apparel supplier, as per TexPro.
ALCHEMPro News Desk (KUL)
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