Cambodian garment exports to the EAEU (Eurasian Economic Union) dropped by 36.6 percent year on year between April and June of 2020.
As per reports, the garment industry is a backbone of Cambodia’s export industry with the Kingdom contributing more than half of the nation’s total merchandise exports, said Fibre2Fashion.
It noted that most of the garment manufacturers of Cambodia still follow the cut-make-trim technique because of underdeveloped manufacturing technologies and lower capital availability. The US and the EU are Cambodia’s major apparel export destinations and account for more than three-quarters of the sector’s total apparel exports.
Bilateral trade between Cambodia and the EAEU reached $67.36 million in 2020. Exports from the Kingdom were $52.19 million. EAEU imports from Cambodia reached $15.17 million.
Products exported to the EAEU were primarily clothes, footwear and rice. Imports include gems, fertilizers, animal feed, tractors, paper and pharmaceuticals.
