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Cambodia’s garment, footwear and travel goods exports surge 25% in Q1 FY’22

  

Cambodia’s garment, footwear, travel goods and other textile-related products exports grew 25 per cent to over $3 billion Q1FY 2022, reveals General Department of Customs and Excise of Cambodia (GDCE) stats. From January-March, Cambodia’s exports surged 24.8 per cent Y-o-Y to $3.155 billion, says Kiang Monika, Deputy Secretary General, Garment Manufacturers Association in Cambodia (GMAC)

He attributed the surge in garment exports to a stable production and continuing shift of influential orders away from China and Myanmar to other countries including Cambodia. He said, growth would likely extend until end-2022. However, increased sales does not necessarily guarantee an improvement in profits, he added. Ly Kunthai, President, Cambodia Footwear Association, says the association has been receiving a lot of orders since the reopening of economies and rolling back of COVID-19 restrictions.

Textile exports surged 15.2 per cent to $11.3896 billion in 2021, shows GMAC data. Of the total, garment exports accounted for $8.017 billion, footwear exports totaled $1.390 billion, travel goods were to the tune of $1.490 billion, and other categories clocked in at over $0.49 billion.

 
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