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."
An interactive databank with intelligence on the major apparel sourcing countries
- Yuan devaluation impact mixed for garment firms
- Will Vietnam struggle with impending trade deals?
- The new age of disruption on apparel production
- Kurt Cavano on “the Uberfication of everything”
- Gap bullish on China growth opportunities
- US Q2 in brief: J Crew, Aeropostale, Bebe Stores
- Luen Thai to continue investment in Vietnam
- Adidas seeking to resolve shoe supplier dispute
- Adidas files trademark suit against Forever 21
- China market woes could hit consumer spending
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, and Contact Details
- Ethiopia – the emerging textile and clothing industry
- Myanmar's Garment Sector in 2015 - now with updated members' directory
- Global market review of lingerie - forecasts to 2020
- Global market review of swimwear - forecasts to 2019