Cambodia's apparel exports down 20.47% to $4,469 mn in Jan-Jul 2023

During the period under review, Cambodia's exports of apparel and clothing accessories (knitted) (Chapter 61) were $3,065.251 million, 22.8 per cent lower than the exports worth $3,973.023 million during the corresponding period of 2022. The country's exports of apparel and clothing accessories (not knitted) (Chapter 62) dropped by 14.7 per cent to $1,403.776 million. In January-July 2022, the country exported apparel worth $1,646.499 million in this category. The decline in shipments reflects sluggish demand in the global market. 

In July 2023, Cambodia's apparel exports declined by 26.6 per cent to $814.616 million compared to the shipment of $1,109.418 million in the corresponding month of 2022. The shipment of apparel and clothing accessories (knitted) slipped 28 per cent to $587.315 million from $815.401 million during the same period last year. But the exports of apparel and clothing accessories (not knitted) eased 22.7 per cent to $227.301 million in July 2023. 

As for imports, the country's knitted or crocheted fabric (Chapter 60) imports during January-July 2023 were valued at $1,538.291 million, 21.3 per cent lower than the imports worth $1,955.269 million in the same period of 2022. Manmade fibre (Chapter 55) imports declined by 15.4 per cent to $624.985 million, against $738.810 million in the same period of 2022. Cotton and cotton yarn (Chapter 52) imports slipped 0.5 per cent to reach $311.770 million during the period under review, compared to $313.414 million in the same period of 2022. 

The significant drop in the seven 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)