Cambodia's apparel exports down 18.98% to $5,239 mn in Jan-Aug 2023

During the period under review, Cambodia's exports of apparel and clothing accessories (knitted) (Chapter 61) were $3,638.832 million, 20.9 per cent lower than the exports worth $4,597.812 million during the corresponding period of 2022. The country's exports of apparel and clothing accessories (not knitted) (Chapter 62) dropped by 14.4 per cent to $1,600.991 million. In January-August 2022, the country exported apparel worth $1,869.905 million in this category. The decline in shipments reflects sluggish demand in the global market. 

In July 2023, Cambodia's apparel exports declined by 9.2 per cent to $770.796 million compared to the shipment of $848.196 million in the corresponding month of 2022. The shipment of apparel and clothing accessories (knitted) slipped 8.2 per cent to $573.581 million from $624.789 million during the same period last year. The exports of apparel and clothing accessories (not knitted) eased 11.7 per cent to $197.215 million in August 2023. 

As for imports, the country's knitted or crocheted fabric (Chapter 60) imports during January-August 2023 were valued at $1,762.425 million, 19.9 per cent lower than the imports worth $2,201.394 million in the same period of 2022. Manmade fibre (Chapter 55) imports declined by 15.3 per cent to $709.690 million, against $837.683 million in the same period of 2022. Cotton and cotton yarn (Chapter 52) imports slipped 0.4 per cent to reach $357.216 million during the period under review, compared to $358.777 million in the same period of 2022. 

The significant drop in the eight months of the year marked a slowdown in apparel exports. Last year, the country's apparel exports increased by 12.69 per cent to $9.035 billion. 

ALCHEMPro News Desk (KUL)