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Cambodia’s Q1 garment exports decline

  

Cambodia exports of garments, footwear and travel goods declined 6.48 per cent to $2.410 billion during the first quarter of this year, shows data from the General Department of Customs and Excise of Cambodia. Garment exports 6.43 per cent to $1.775 billion while footwear slumped 7.33 per cent to $316 million, and travel goods – including suitcases, backpacks, handbags and wallets – declined by 5.89 per cent to $319 million.

As per Ly Khunthay, President, Cambodia Footwear Association, the ongoing global COVID-19 epidemic has shut down the tourism sector of each country, resulting in plummeting demand for footwear. He hoped vaccination campaigns around the world, coupled with gradual reopening of tourism in major countries would lead to increased orders of Cambodian-made footwear in the second half of 2021.

Sin Chanthy, President, Cambodia Logistics Association (CLA) says, a shortage of empty shipping containers has increased the costs of transporting goods abroad from Cambodia since the second quarter of 2020. This is affecting all orders, especially to distant destinations such as the US and Europe, he added. In 2020, Cambodia exports increased by 16.72 per cent to $17.21537 from $14.74874 billion in 2019, said the Ministry of Commerce in its 2020 annual performance report.

Garment exports declined by 10.24 per cent to $7.42028 billion while footwear exports declined by 11.69 per cent to $1.11673 billion and travel goods exports declined by 10.58 per cent to $964.7 million.

 
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