Pic: Adobe Stock During this period, Cambodia’s exports of knitted apparel and clothing accessories (Chapter 61) totalled $6.109 billion, marking a 22.7 per cent increase from $4.980 billion during the same period in 2023. Likewise, exports of non-knitted apparel and clothing accessories (Chapter 62) rose by 33.3 per cent to $2.833 billion, up from $2.125 billion in January–November 2023.
Cambodia's apparel exports soared by 25.85 per cent to $8.94 billion in the first eleven months of this year, accounting for over a third of the nation's total foreign income. Growth in both knitted and non-knitted garment exports reflects strong global demand, showcasing the sector's resilience in the face of international economic pressures.In November 2024, apparel exports grew by 48.11 per cent to $942.204 million, compared to $636.538 million in the same month of 2023. Exports of knitted apparel and accessories increased by 45.1 per cent to $637.398 million, compared to $439.328 million in November 2023. Meanwhile, exports of non-knitted apparel and accessories rose by 54.6 per cent to $304.806 million in November 2024.
On the import side, Cambodia’s imports of knitted or crocheted fabrics (Chapter 60) reached $2.851 billion from January to November 2024, an increase of 19.1 per cent from $2.393 billion during the same period in 2023. Imports of man-made fibres (Chapter 55) rose by 22.5 per cent to $1.220 billion, compared to $996.459 million in the previous year. Imports of cotton and cotton yarn (Chapter 52) also grew by 39.3 per cent to $697.556 million, up from $500.810 million during the same period in 2023.
Cambodia’s strong performance in the textile and garment trade is notable, especially given the global challenges facing the sector. The sustained high export volumes underline the country’s resilience amid the current global economic scenario.
In 2023, Cambodia’s apparel exports had declined by 12.91 per cent to $7.87 billion. This contrasts with a 12.69 per cent increase in apparel exports in 2022, when the total reached $9.04 billion.
SBS Zipper News Desk (KUL)
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