In January 2023, Cambodia’s exports of apparel and clothing accessories (knitted) (Chapter 61) earned $350.294 million, which was 33.4 per cent lower than the exports worth $526.055 million during the corresponding period in 2022. The country’s exports of apparel and clothing accessories (not knitted) (Chapter 62) dropped by 16.5 per cent to $205.371 million in the period under review. In January 2022, the country exported apparel worth $245.896 million in this category. The decline in the shipment reflects sluggish demand in the global market.
As for the imports, the country’s knitted or crocheted fabric (Chapter 60) imports during January 2023 were valued at $204.822 million, 37.3 per cent lower than the imports worth $326.837 million in the same period of 2022. Manmade fibre (Chapter 55) imports declined by 20.8 per cent to $117.224 million, against $148.100 million in January 2022. Cotton (Chapter 52) imports slipped 26.1 per cent to reach $46.950 million during the period under review, compared to $63.565 million in the same period of 2022.
Cambodia’s apparel exports decreased by 28.01 per cent to $555.665 million in January 2023, accounting for 35.41 per cent of its total foreign income of $1,567.867 million, as per the general department of customs and excise under ministry of economy and finance. Last year, the country’s apparel exports increased by 12.69 per cent to $9.035 billion.
Cambodia’s apparel exports registered a growth of 12.69 per cent during 2022, reaching $9.035 billion. However, the shipment declined during the later months of the last year.
Fibre2Fashion News Desk (KUL)
