Cambodia & Morocco look to deepen ties; may boost apparel trade

02 Apr '23

2 min read

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Insights

Morocco and Cambodia have pledged to strengthen their trade ties.
The two countries have agreed to organise a forum to explore business opportunities and urged their respective business communities to boost trade and investment.
Cambodia exported apparel worth $5.055 million to Morocco, accounting for only 0.99 per cent of Morocco's total apparel imports.

Morocco's foreign minister Nasser Bourita and his Cambodian counterpart Prak Sokhonn have pledged to strengthen their countries' trade ties, although current textile trade between them is negligible. Morocco is a significant garment market, while Cambodia is a prominent garment exporter, indicating significant opportunities in the textile sector for both countries. As a result, Cambodia can explore potential opportunities in the Moroccan market by deepening trade ties.

The foreign ministers recently had a discussion to improve bilateral relations. According to a joint statement issued after the meeting in Rabat, the two countries agreed to organise a forum in the near future in an effort to explore business opportunities and urged business communities from both sides to boost trade and investment.

In 2022, Morocco imported apparel worth $510.828 million, with only $5.055 million, or 0.99 per cent, coming from Cambodia, according to Fibre2Fashion’s market insight tool TexPro.

Turkey, China, Portugal, Spain, and Bangladesh were Morocco's top five apparel suppliers, accounting for about 70 per cent of its imports last year.

Morocco's apparel imports increased from $4.348 million in 2021 to $5.055 million in 2022. However, the country's apparel imports declined sharply in 2020 due to the pandemic, dropping to $4.878 million. It has yet to recover fully even after two years. The imports were $8.634 million in 2019, $5.332 million in 2018 and $4.715 million in 2017 as per TexPro.

Fibre2Fashion News Desk (KUL)

This according to Fibre2Fashion's Market Intelligence Tool - TexPro