Cambodia's apparel exports to Spain rise 31% to $1.1 bn in 2024

Spain was the third-largest market for Cambodia’s apparel exports in 2024, following the US and Japan. Shipments to Spain accounted for 9.22 per cent of Cambodia’s total apparel exports, which stood at $12.809 billion in 2024, according to Fibre2Fashion's market insight tool TexPro.

Cambodia’s apparel exports to Spain stood at $751.616 million in 2019 but declined by 29.45 per cent to $530.230 million in 2020 and further dropped by 7.60 per cent to $489.941 million in 2021. The trade flow turned positive in the following year, jumping by 61.81 per cent to $792.772 million in 2022. It further increased by 13.64 per cent to $900.903 million in 2023. By 2024, shipments had risen by 141 per cent compared to exports in 2021.

During January–November 2024, trousers and shorts accounted for 43.79 per cent of Cambodia’s total apparel exports to Spain. The value of trousers and shorts shipped to Spain was recorded at $456.347 million out of total exports worth $1,042.234 million in the first 11 months of 2024.

During the same period, the shipment value of jerseys was $104.507 million (10.03 per cent), coats $88.984 million (8.54 per cent), shirts $87.154 million (8.36 per cent), and dresses $69.050 million (6.63 per cent), according to TexPro.

Cambodia exported apparel made from man-made fibres worth $512.053 million to Spain between January and November 2024, accounting for 49.13 per cent of total apparel exports. Exports of cotton apparel stood at $296.106 million (28.41 per cent), wool/animal hair garments at $8.302 million (0.80 per cent), and garments made from other fibres at $225.770 million (21.66 per cent) during this period.

ALCHEMPro News Desk (KUL)