During the period under review, Cambodia's exports of apparel and clothing accessories (knitted) (Chapter 61) amounted to $1,255.941 million, representing an increase of 19.9 per cent compared to $1,047.137 million in the corresponding period of 2023. Similarly, exports of apparel and clothing accessories (not knitted) (Chapter 62) rose by 30.8 per cent to $794.381 million, up from $607.495 million in January-March 2023.
In March 2024, Cambodia's apparel exports increased by 16.02 per cent to $680.611 million, compared to $571.187 million in the same month of 2023. The shipment of apparel and clothing accessories (knitted) increased by 11.6 per cent to $413.530 million, up from $370.385 million during the corresponding month of the previous year. Meanwhile, exports of apparel and clothing accessories (not knitted) improved by 33.0 per cent to $267.081 million in March 2024.
In terms of imports, the value of Cambodia's knitted or crocheted fabric (Chapter 60) imports from January to March 2024 was $602.382 million, marking a rise of 1.8 per cent compared to $591.904 million in the same period of 2023. Imports of man-made fibre (Chapter 55) gained 15.2 per cent to $310.783 million, compared to $269.846 million in the corresponding period of the previous year. Meanwhile, cotton and cotton yarn (Chapter 52) imports increased by 29.3 per cent, reaching $167.042 million during the period under review, up from $129.145 million in the same period of 2023.
Global garment and apparel demand had been slowing down since the third quarter of 2022. Higher global demand and a limited base accounted for the impressive growth in the foreign trade of textiles and garments from Cambodia.
In 2023, the country's apparel exports declined by 12.91 per cent to $7,868.779 million. In contrast, the country's apparel exports had increased by 12.69 per cent, reaching $9.035 billion in 2022.
ALCHEMPro News Desk (KUL)
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