According to Fibre2Fashion’s market insight tool TexPro, Cambodia’s apparel exports to South Korea stood at $162.312 million in January-October 2022, which was close to 2021 exports figure. The outbound shipment is likely to breach pre-COVID level this year. Cambodia’s exports to South Korea were $167.151 million in 2021, $169.716 million in 2020, $187.650 million in 2019, $173.889 million in 2018, and $142.751 million in 2017.

In home textile, Cambodia’s exports to South Korea are miniscule, but it may get some push once the FTA is implemented. The exports were noted at $1.298 million during the first ten months of current year 2022. The shipment was $3.101 million in 2019 prior to the disruption of COVID-19 pandemic. It lowered to $1.328 million in 2020 and $1.3 million in 2021, as per TexPro.

South Korea imports garments and home textiles from Cambodia, but it does not export the products to Cambodia in significant volume. Cambodia is a small supplier for South Korea accounting for only 1.59 per cent of $10.485 billion of imports made by the country in 2021.

Similarly, South Korea is not an important market for Cambodia’s textile exports. Cambodia’s apparel exports to South Korea were just 1.51 per cent of its total exports $11.100 billion in 2021. 

Fibre2Fashion News Desk (KUL)