Cambodia's apparel exports down 16.5% to $6,469 mn in Jan-Oct 2023

During the period under review, Cambodia’s exports of apparel and clothing accessories (knitted) (Chapter 61) amounted to $4,541.612 million, a decrease of 17.6 per cent compared to $5,513.628 million in the corresponding period of 2022. Likewise, exports of apparel and clothing accessories (not knitted) (Chapter 62) fell by 13.7 per cent to $1,927.905 million, down from $2,234.445 million in January-October 2022. This decline is attributed to reduced global demand.

In October 2023, Cambodia’s apparel exports declined by 5.76 per cent to $540.011 million, compared to $573.049 million in the same month of 2022. The shipment of apparel and clothing accessories (knitted) eased by 1.8 per cent to $396.374 million, down from $403.551 million during the corresponding month of the last year. Meanwhile, exports of apparel and clothing accessories (not knitted) declined by 15.3 per cent to $143.637 million in October 2023.

In terms of imports, the value of Cambodia’s knitted or crocheted fabric (Chapter 60) imports from January to October 2023 was $2,194.698 million, a decline of 13.8 per cent compared to $2,545.631 million in the same period of 2022. Imports of man-made fibre (Chapter 55) fell by 10.7 per cent to $900.855 million, compared to $1,008.341 million in the corresponding period last year. Meanwhile, cotton and cotton yarn (Chapter 52) imports increased by 6.5 per cent, reaching $451.639 million during the period under review, up from $424.244 million in the same period of 2022.

The significant drop in exports during the first ten months of the year indicates a slowdown in Cambodia’s apparel exports. In contrast, last year the country’s apparel exports increased by 12.69 per cent, reaching $9.035 billion.

ALCHEMPro News Desk (KUL)