Cambodia's apparel exports down 25.17% to $2,149 mn in Jan-Apr 2023

13 May '23

2 min read

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Cambodia's apparel exports fell by 25.17 per cent to $2.149 billion in the first four months of 2023, making up 29.7 per cent of the country's total foreign income.
This reflects a significant decrease from the previous year when apparel exports grew by 12.69 per cent.
The exports of both knitted and non-knitted clothing accessories also saw declines.

Cambodia's apparel exports decreased by 25.17 per cent to $2,149.556 million in the first four months of 2023, accounting for 29.7 per cent of its total foreign income of $7,234.123 million during the period, according to general department of customs and excise (GDCE) under ministry of economy and finance. This represents a significant drop from last year when the country's apparel exports increased by 12.69 per cent to $9.035 billion.

During the period under review, Cambodia's exports of apparel and clothing accessories (knitted) (Chapter 61) were $1,394.829 million, 28.5 per cent lower than the exports worth $1,950.406 million during the corresponding period of 2022. The country's exports of apparel and clothing accessories (not knitted) (Chapter 62) dropped by 18.1 per cent to $754.727 million. In January-April 2022, the country exported apparel worth $922.059 million in this category. The decline in shipments reflects sluggish demand in the global market.

In April 2023, Cambodia's apparel exports declined by 32.65 per cent to $494.924 million compared to the shipment of $735.35 million in the corresponding month of 2022. The shipment of apparel and clothing accessories (knitted) slipped 31.8 per cent to $347.692 million from $510.021 million during the same period last year. The exports of apparel and clothing accessories (not knitted) dropped by 8 per cent to $147.232 million in April 2023.

As for imports, the country's knitted or crocheted fabric (Chapter 60) imports during January-April 2023 were valued at $825.029 million, 23 per cent lower than the imports worth $1,071.746 million in the same period of 2022. Manmade fibre (Chapter 55) imports declined by 17.4 per cent to $368.305 million, against $445.961 million in the same period of 2022. Cotton and cotton yarn (Chapter 52) imports slipped 0.7 per cent to reach $175.130 million during the period under review, compared to $176.411 million in the same period of 2022.

Fibre2Fashion News Desk (KUL)

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