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FTA boosts Cambodia's apparel export to South Korea, reaches $173 mn

04 Dec '23
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Cambodia's apparel exports to South Korea rose by ***.* per cent to reach $***.** million in the first three quarters of 2023.
  • This year's figure is likely to surpass 2022's $***.** million.
  • This boost follows a Free Trade Agreement effective from December 1, 2022.
  • South Korea's share in Cambodia's total apparel exports increased to *.* per cent.

According to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion’s market insight tool TexPro, Cambodia’s apparel exports grew by **.** per cent during January-September **** from the shipment of $***.*** million in the corresponding period of ****. During the current year, Cambodia has shipped *.** per cent apparel to South Korea, out of its total apparel exports of $*.*** billion in January-September ****.

The country had exported apparel worth $***.*** million to South Korea during ****. The share of South Korea was *.** per cent in Cambodia’s total shipment of $**.*** billion during the same year. Therefore, the trade has witnessed impressive growth after the trade pact. South Korea’s share also improved in Cambodia’s total apparel export.

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