Home breadcru News breadcru Import/Exports breadcru Cambodia's apparel exports to Germany dip 23% to $445 mn

Cambodia's apparel exports to Germany dip 23% to $445 mn

29 Oct '23
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Cambodia's apparel exports to Germany saw a 23 per cent decline, amounting to $445.014 million in Jan-Aug 2023. Despite the decrease, Germany remains 5th largest market for Cambodian apparel.
  • The decline comes after a year of significant growth in 2022, when exports to Germany totalled $902.396 million.
  • Trousers and shorts were the leading exported items.
Cambodia's apparel exports to Germany have declined 23 per cent, totalling $445.014 million during January to August 2023. Despite the dip, Germany ranks as the fifth-largest market for Cambodian apparel. During the same period, Bangladesh's total apparel exports were valued at $6.953 billion. Germany's contribution to total shipments from Cambodia was 6.40 per cent. 

Cambodia exported apparel worth $577.963 million to Germany during January-August 2022, a figure 36.53 per cent higher than the $423.337 million in the same period of 2021. The country's total apparel exports for the last year amounted to $902.396 million, accounting for 6.99 per cent of Cambodia's total apparel exports of $12.910 billion. Germany was the fourth-largest market for Cambodia in the sector, according to market insights from Fibre2Fashion's market insight tool TexPro. 

Historical data reveals a fluctuating trend. Cambodia exported apparel worth $843.979 million in 2019, which declined to $646.880 million in 2020 amid the COVID-19 pandemic. However, exports recovered to $698.462 million in 2021 and saw a significant increase of 29.2 per cent to $902.396 million in 2022. 

Trousers and shorts dominated Cambodia's apparel exports to Germany with a 35.03 per cent share from January to July 2023. Among the top five exported garments, jerseys accounted for 20.28 per cent, T-shirts for 8.44 per cent, coats for 6.50 per cent, and dresses for 5.58 per cent of the total apparel exports from Cambodia to Germany, as per TexPro. 

ALCHEMPro News Desk (KUL)

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