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

  • ‘Kingdom one of safest to visit in Covid-19 era’

    The Ministry of Tourism on January 12 proclaimed Cambodia as one of the safest countries to visit in light of the Kingdom having been ranked number one in the world by the Senegalese Economic Prospective Bureau for its success in handling the Covid-19 pandemic. In rankings

  • Kingdom accepts Chinese vaccine, PM first to get jab

    Prime Minister Hun Sen said China would offer Cambodia an immediate donation of one million doses of the Covid-19 vaccine produced by the Sinopharm company. In an audio message addressing the public on the night of January 15, he said Cambodia has accepted the offer and

  • Reeling in Cambodia’s real estate sector

    A new norm sets the scene but risks continue to play out in the background A cold wind sweeps through the streets of Boeung Trabek on an early January morning as buyers and traders engage in commerce under bright blue skies. From a distance, the

  • Hun Sen: Lakes filled in for national developments

    Prime Minister Hun Sen has announced continued operations to fill some lakes in Phnom Penh to create land for developments, though he is against the unrelated practice of damming rivers or blocking waterways. Speaking at the inauguration of the Ministry of Public Works and Transport

  • Koh Preus upgrades 70% complete

    Initial construction of a nearly $30 million tourism infrastructure project on Preah Sihanouk province’s Koh Preus Island is “about 70 per cent complete”, according to an official with the developer. Heng Thou, construction site manager of Angela Real Estate Co Ltd (ARE), told The Post that

  • Local media loses a giant, and The Post a great friend

    Cheang Sokha, a gifted and streetwise reporter who rose to the highest ranks of Cambodian media and was beloved for his sharp intelligence, world-class humour and endless generosity, died on Friday in his hometown of Phnom Penh. He was 42. His wife, Sok Sophorn, said he