Logo of Phnom Penh Post newspaper Phnom Penh Post - Apparel leads surge of Kingdom exports

Apparel leads surge of Kingdom exports

Apparel leads surge of Kingdom exports

The value of Cambodia’s exports surged to $7.7 billion in the first nine months of this year, a 17 percent increase from the same period last year, according to figures released by the Ministry of Commerce yesterday.

The figures show total exports increasing due to the continued expansion of the Kingdom’s garment sector under the Generalised System of Preferences and Most Favoured Nation schemes, which allow increased numbers of Cambodian products to enter markets with duty-free access and reduced tariffs.

The garment industry alone accounted for $4.9 billion of total exports, showing an increase of 8.3 percent compared to the same period last year. Exports from the footwear industry have shot up by 43.3 percent and now total $636 million. Exports of rice, however, have fallen to $207 million, a decrease of 6.7 percent.

Cambodia’s biggest market, the European Union, saw a 5.9 percent increase of goods sent from the Kingdom with its exports totalling $3 billion so far this year. While exports to Japan have increased by 25.8 percent and now total $534 million, those to the United States – a traditionally strong market for Cambodia – have fallen by 1 percent to about $1.5 billion.

Ngoun Meng Tech, director-general of the Cambodia Chamber of Commerce, applauded the increased exports but stressed the importance of the agriculture sector.

“Garment and footwear are outstanding markets,” he said. “However, we should try to promote our agriculture products to reach the international market and promote our economic growth.”

MOST VIEWED

  • Research key to Kanitha’s rep for expertise

    Sok Kanitha is used to weighing in on controversial issues using a confident approach that signals expertise and authority, and a recent video she made was no exception. Her “Episode 342: The History of NATO” video went live on January 16, 2023 and immediately shot to 30,000 likes and 3,500

  • Cambodia maintains 'Kun Khmer' stance despite Thailand’s boycott threat

    Cambodia has taken the position that it will use the term "Kun Khmer" to refer to the sport of kickboxing at the upcoming Southeast Asian (SEA) Games, and has removed the term Muay from all references to the sport. Despite strong reactions from the Thai

  • Knockout! Kun Khmer replaces ‘Muay’ for Phnom Penh Games

    Cambodia has decided to officially remove the word Muay from the programme of the 32nd Southeast Asian (SEA) Games 2023 in May. “Kun Khmer” will instead be used to represent the Southeast Asian sport of kickboxing, in accordance with the wishes of the Cambodian people. Vath

  • Artificial insemination takes herd from 7 to 700

    Some farms breed local cows or even import bulls from a broad for the purpose of breeding heavier livestock for meat production. One Tbong Khnum farmer has found a more efficient way. Hout Leang employs artificial insemination to fertilise local cows. Thanks to imported “straws”

  • New int’l airport nearly half complete as travel industry returns to life

    Construction of a new airport that is slated to serve the capital has passed the 43 per cent completion mark, raising prospects for a proper recovery in the civil aviation and tourism sectors as international travellers return to the Kingdom in increasingly large numbers. The figure

  • Chinese group tours return to Cambodia starting Feb 6

    Cambodia is among 20 countries selected by Beijing for a pilot programme allowing travel agencies to provide international group tours as well as flight and hotel packages to Chinese citizens, following a three-year ban. As the days tick down until the programme kicks off on February 6,