CAMBODIA: Garment exports soar 9.9% in 9-months
Cambodia's garment exports rose 9.9% to $3.44bn in the first nine months of this year, up from $ 3.13bn a year ago, according to the latest figures from the Cambodian Ministry of Commerce.
The garment sector remains as the backbone of the Kingdom's economy as its largest foreign-currency earning product.
Slow growth in the US and EU markets has, however, been offset by strong growth in shipments to Asian countries, especially Japan. This is partly due to Japanese companies opening factories in Cambodia.
"It's become normal for us," Van Sou Ieng, chairman of the Garment Manufacturers' Association in Cambodia (GMAC), told local media.
He added that the sector is also "looking at the Chinese market. Although we haven't exported a lot to China, we are making progress."
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