Cambodia’s textile and apparels exports increased 22 per cent Y-o-Y to $3.628 billion during the first five months of this year, as per reports by the Ministry of Commerce.

The country’s exports in the garments footwear and travel goods (GFT ) rose by 20 per cent Y-o-Y to $4.969 billion. Its footwear exports rose by 10 per cent Y-o-Y to $615 million Employing 918,000 workers, the GFT sector comprises around 1,680 factories and branches, according to the ministry of labor and vocational training.

Between January-May 2024, Cambodia’s foreign trade rose by 12 per cent Y-o-Y as per data. The country’s total trade volume increased to $21.6 billionfrom $19.2 billion during the same period last year. It exports rose by 10.8 per cent Y-o-Y to $10.18 billion during this period while imports expanded by 13.6 per cent Y-o-Y to $11.4 billion.

According to the World Bank, Cambodia’s economic growth is expected to improve marginally to 5.8 per cent this year from 5.6 per cent in 2023, and should further strengthen to 6.1 per cent in 2025 and 6.4 per cent in 2026 as revival in GFT exports and tourism propel the ongoing recovery.