Thailand imported apparel worth $39.729 million in the first three quarters of this year, already nearing the total imports of $41.010 million during 2021, according to Fibre2Fashion’s market insight tool TexPro. The imports this year are likely to breach last year’s figure.
An analysis of data shows that the imports peaked at $95.806 million in 2019, increasing from $89.091 million in 2018 and $67.170 million in 2017. But it slid to $73.986 million in 2020, before falling drastically to $41.010 in 2021.
Thailand’s apparel imports from Cambodia are likely to rebound during the current year, although they may still not touch pre-COVID levels. The trade was at $39.729 million in January-September 2022. The shipment had witnessed a steep fall in 2020 and 2021. The imports during the first three quarters of this year indicate that the trade is rebounding well.
Traditionally, Thailand is an apparel importer for Cambodia and exports apparel in smaller volume to the latter. Thailand’s apparel exports to Cambodia stood at $7.099 million in 2021, $6.394 million in 2020, $10.680 million in 2019 and $9.957 million in 2018. It exported apparel worth $8.482 million in the first three quarters of this year, as per TexPro.
Fibre2Fashion News Desk (KUL)
