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MoU to boost Cambodia-Saudi apparel trade beyond $62 mn

23 Feb '25
2 min read
and jerseys. MoU to boost Cambodia-Saudi apparel trade beyond $62 mn
Pic: Adobe Stock

Insights

  • Cambodia and Saudi Arabia have signed an MoU to enhance trade relations, potentially boosting Cambodia's apparel exports to Saudi Arabia, which reached $62.482 million in January–November 2024.
  • Despite being a major garment exporter, Cambodia's presence in the Saudi market remains limited.
  • Trousers and shorts dominate its exports, followed by T-shirts and jerseys.
Recently, Cambodia and the Kingdom of Saudi Arabia signed a memorandum of understanding (MoU) aimed at promoting trade relations between the two nations. Cambodia is a major garment-exporting country, but its garment exports have remained almost stagnant with limited market penetration. The MoU is expected to boost Cambodia’s apparel exports to Saudi Arabia, which stood at $62.482 million between January and November 2024.

As a consumer-driven nation, Saudi Arabia imports various textile products alongside garments. However, Cambodia has had only a limited presence in the Saudi market.

Cham Nimul, Cambodia’s Minister of Commerce, and Majid bin Abdullah Al-Kassabi, Saudi Arabia’s Minister of Commerce and Chairman of the General Authority for Foreign Trade (GAFT), signed the MoU in Riyadh in the first week of this month.

Cambodia’s apparel shipments to Saudi Arabia have remained largely stagnant in recent years. Exports were recorded at $61.104 million in the first 11 months of 2024, according to Fibre2Fashion’s market insight tool TexPro.

An analysis of trade data by product type suggests that trousers and shorts were the most dominant garments in Cambodia’s export basket. The country exported trousers and shorts worth $17.077 million, accounting for 27.95 per cent of total garment exports between January and November 2024. T-shirts followed with exports valued at $10.838 million (17.74 per cent), jerseys at $5.478 million (8.97 per cent), dresses at $5.197 million (8.51 per cent), and shirts at $4.267 million (6.98 per cent) during the same period.

Cambodia’s total apparel exports to Saudi Arabia were valued at $60.568 million in 2023. Previously, the country exported apparel worth $68.700 million in 2022 and $68.685 million in 2021, according to TexPro.

ALCHEMPro News Desk (KUL)

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