Cambodia's apparel exports down 17.36% to $5,929 mn in Jan-Sept 2023

During the period under review, Cambodia's exports of apparel and clothing accessories (knitted) (Chapter 61) amounted to $4,145.238 million, a decrease of 18.9 per cent compared to $5,110.077 million in the corresponding period of 2022. Exports of apparel and clothing accessories (not knitted) (Chapter 62) fell by 13.6 per cent to $1,784.269 million, down from $2,064.946 million in January-September 2022. This decline is attributed to reduced global demand. 

In September 2023, Cambodia's apparel exports declined by 3.9 per cent to $689.683 million, compared to $707.306 million in the same month of 2022. The shipment of apparel and clothing accessories (knitted) eased by 1.1 per cent to $506.406 million, down from $512.265 million during the corresponding period last year. Meanwhile, exports of apparel and clothing accessories (not knitted) declined by 6 per cent to $183.277 million in September 2023. 

Regarding imports, the value of Cambodia's knitted or crocheted fabric (Chapter 60) imports from January to September 2023 was $1,990.190 million, a decline of 16.4 per cent compared to $2,380.355 million in the same period of 2022. Imports of manmade fibre (Chapter 55) fell by 11.8 per cent to $808.657 million, compared to $916.897 million in the corresponding period last year. Meanwhile, cotton and cotton yarn (Chapter 52) imports increased by 4.8 per cent, reaching $410.808 million during the period under review, up from $392.064 million in the same period of 2022. 

The significant drop in exports during the first nine 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)