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

  • Siem Reap drain canal now ‘mangrove’ promenade

    A more than half a kilometre long stretch of canal in Siem Reap has been covered and turned into a promenade to attract visitors, said Ly Rasmey, secretary of state at the Ministry of Land Management, Urban Planning and Construction, on September 16. The new pedestrianised

  • Angkor wildlife, aquarium park still to open October

    The Angkor Wildlife and Aquarium complex about 30km southeast of Siem Reap town with initial total investment of more than $70 million is reportedly still on track for an end-October opening. The park is located on a 100ha plot along National Road 6 in Kbon village, Khchas

  • Final verdicts for Khmer Rouge leaders ‘vital’ for next generation

    Nearly a decade after the commencement of Case 002/02 against Khieu Samphan back in 2014, the Extraordinary Chambers in the Courts of Cambodia (ECCC) is now set to deliver its final verdict for the former Khmer Rouge head of state. The Supreme Court Chamber of the ECCC,

  • Defence minister reaffirms Kingdom’s staunch support for One-China policy

    Minister of National Defence General Tea Banh has reaffirmed Cambodia’s unwavering support for the One-China policy. Tea Banh was speaking at the September 20 ceremonial handover of 117 vehicles and other military equipment donated by China’s defence ministry, held at Phnom Chumreay International Military Training

  • Deaths due to ‘lifestyle’ diseases rise in Kingdom

    The Ministry of Health has called on people to pay closer attention to their health to protect themselves from non-communicable diseases (NCDs) which it said have caused high rates of deaths in the country. Ministry secretary of state York Sambath made the call at a

  • Textile industry minimum wage now $200

    The official minimum wage for workers in textile-related sectors including garment, footwear, and travel goods for 2023 was pegged at $198, with Prime Minister Hun Sen stepping in to add $2 to the total, making it $200 per month. The Ministry of Labour and Vocational Training made the announcement