Cambodia’s exports of garments, footwear and travel goods (GFT) were worth $13.74 billion last year—a year-on-year (YoY) rise of 23.78 per cent, according to the country’s general department of customs and excise (GDCE). All segments of the sector performed well.
The country’s total export earnings were worth $26.19 billion last year, out of which 52.46 per cent came from GFT goods. This trend is expected to continue this year as well.
The fear of US President-elect Donald Trump imposing additional tariffs on import of products originating in China has resulted in manufacturers currently based in China looking to move both investment and production bases to other countries, especially Southeast Asia.
