Logo of Phnom Penh Post newspaper Phnom Penh Post - Garment, footwear, travel goods exports $7B

Garment, footwear, travel goods exports $7B

Content image - Phnom Penh Post
Cambodia sold more than $6.8186 billion worth of garments, footwear and travel products on international markets in the first eight months of 2021, according to the Ministry of Commerce. Hong Menea

Garment, footwear, travel goods exports $7B

Cambodia sold more than $6.8186 billion worth of garments, footwear and travel products on international markets in the first eight months of 2021, according to the Ministry of Commerce.

Garments accounted for $5,021,889,442.99, marking an increase of $160 million or 3.30 per cent over January-August 2020. And without providing figures for the corresponding period last year, the ministry noted that travel goods and footwear clocked in at $903,100,689 and $893,636,794, respectively.

Major buyers during the period included the US, the EU, Japan and the UK, the ministry added.

Speaking at the launch of Covid-19 vaccination campaign for children aged 6-11 on September 17, Prime Minister Hun Sen said pandemic-induced shocks to the production chains of important producers of textile goods, such as Bangladesh, Myanmar, Vietnam and Brazil, had forced a diversion of orders that benefitted the Kingdom.

“Our industry is functioning normally. There are four factories that used to sew face masks, and now they are turning into producers of garments for export, prompted by mounting orders that some countries cannot supply,” he said, adding: “The Kingdom is safer now.”

“Therefore, solving the problem of vaccines is not about solving people’s lives, but about economic and social reopening, which is a must,” he added.

“We are willing to spend hundreds of millions of dollars to buy vaccines to bring back billions of dollars for the Cambodian economy.”

Garment Manufacturers Association in Cambodia secretary-general Ken Loo told The Post in June that the textile and apparel market is an ever-growing market buoyed by booming population growth and increasing per-capita wealth.

Of note, he said, the retail market has driven a change from a mass production system, to what he called a “small batch, short life-cycle, fast fashion” set-up, through consumer pressure and influence from the burgeoning online shopping culture.

“This year we are lucky to receive some orders diverted from Myanmar. And we should have seen even bigger growth had it not been for the February 20 community outbreak,” Loo said.

In 2020, the Kingdom’s exports reached $17.21537 billion, up 16.72 per cent year-on-year from $14.74874 billion, and imports stood at $18.59048 billion, down 7.84 per cent year-on-year from $20.17181 billion, the Ministry of Commerce said in its 2020 annual performance report.

The total value of Cambodian international trade rose by just 2.54 per cent over 2019 to $35.80585 billion, and the trade deficit narrowed 74.64 per cent to $1.37511 billion in 2020, from $5.42307 billion in the previous year.

MOST VIEWED

  • Prince Norodom Ranariddh passes away at 77

    Prince Norodom Ranariddh, the second son of the late King Father Norodom Sihanouk and former First Prime Minister of Cambodia, has passed away in France at the age of 77. “Samdech Krom Preah Norodom Ranariddh has passed away this morning in France just after 9am Paris-time,”

  • General’s gun smuggling ring busted

    The Military Police sent six military officers to court on November 22 to face prosecution for possession of 105 illegal rifles and arms smuggling, while investigators say they are still hunting down additional accomplices. Sao Sokha, deputy commander of the Royal Cambodian Armed Forces and commander of

  • More Cambodians studying in US

    The number of Cambodian students studying at US colleges and universities in 2020-21 increased by 14.3 per cent over the previous year despite the Covid-19 pandemic, according to a recent US government report. The 2021 Open Doors report on International Educational Exchange showed that 848 Cambodian students studied

  • Cambodia, Thailand to discuss border reopening

    Cambodian authorities from provinces along the Cambodia-Thailand border will meet with Thai counterparts to discuss reopening border checkpoints to facilitate travel, transfer of products and cross-border trade between the two countries. Banteay Meanchey provincial deputy governor Ly Sary said on November 22 that the provincial administration

  • Banteay Meanchey gunfight sees 15 Thais arrested, three officers injured

    The Banteay Meanchey Military Police have arrested 15 Thai suspects and their accomplices after a gun battle between two Thai groups caused injuries to three police officers in the early hours of November 21, local authorities said. National Military Police spokesman Eng Hy said that according to

  • Locally-trained commercial pilots to lift Cambodia’s aviation standard

    The Kingdom is boosting its civil aviation sector with the establishment of a flight school with a local airline to meet growth demands once air travel recovers At 22, First Officer Reachta Lim is the youngest commercial pilot in Cambodia. He flies with the national flag