Australia’s apparel imports from Cambodia defy global declining trend

Despite a global decline in apparel imports, Australia's clothing imports from Cambodia rose to $42.575 million in the first quarter of 2023.

Australia’s apparel imports from Cambodia have defied the current global decline trend. The imports reached $42.575 million during the first quarter of this year, showing an increase compared to both the previous quarter and the same quarter of the previous year. Most apparel-exporting countries have registered a drop in shipments due to sluggish purchases by brands and retailers. High inflation rates in Europe and the US have curtailed demand in retail markets.

Australia’s garment imports from Cambodia rose to $42.575 million in the period from January to March 2023, up from $38.347 million in the period from October to December 2022, and $26.651 million in the period from January to March 2022. Shipments totalled $37.390 million in July-September and $28.536 million in April-June of the previous year, according to data obtained from Fibre2Fashion’s market insight tool TexPro.

Annual trade data paints a similar picture. Imports from Cambodia reached $140.926 million in 2022, compared to shipments totalling $112.846 million in 2021. Australia’s apparel imports from Cambodia fell to $96.221 million in 2020, down from $116.376 million in 2019, but rebounded in 2021 and increased further in 2022. Inbound shipments were valued at $99.487 million in 2018, according to TexPro.

In full: https://www.fibre2fashion.com/news/apparel-news/australia-s-apparel-imports-from-cambodia-defy-global-declining-trend–287853-newsdetails.htm

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