During the period under review, Cambodia’s exports of apparel and clothing accessories (knitted) (Chapter 61) were $676.752 million, 31.1 per cent lower than the exports worth $982.317 million during the corresponding period of 2022. The country’s exports of apparel and clothing accessories (not knitted) (Chapter 62) dropped by 14.7 per cent to $406.693 million. In January-February 2022, the country exported apparel worth $476.534 million in this category. The decline in the shipment reflects sluggish demand in the global market.
As for imports, the country’s knitted or crocheted fabric (Chapter 60) imports during January-February 2023 were valued at $324.344 million, 37.3 per cent lower than the imports worth $517.389 million in the same period of 2022. Manmade fibre (Chapter 55) imports declined by 32.3 per cent to $161.801 million, against $238.923 million in the same period of 2022. Cotton (Chapter 52) imports slipped 19.2 per cent to reach $76.674 million during the period under review, compared to $94.943 million in the same period of 2022.
Cambodia’s apparel exports decreased by 34.62 per cent YoY to $1.08 billion in Jan-Feb 2023. The decline is mainly attributed to sluggish global demand, with the country’s exports of apparel and clothing accessories (knitted) dropping by 31.1 per cent. Imports of knitted or crocheted fabric, manmade fibre and cotton imports also declined.
In February 2023 alone, Cambodia’s apparel exports declined by 23.17 per cent to $527.779 million compared to the shipment of $686.989 million in the corresponding month of 2022. The shipment of apparel and clothing accessories (knitted) slipped 19 per cent to $326.457 million from $456.262 million during the same period last year. The exports of apparel and clothing accessories (not knitted) dropped by 12.7 per cent to $201.322 million in February 2023.
Fibre2Fashion News Desk (KUL)
