The Textile, Apparel, Footwear & Travel Goods Association in Cambodia (TAFTAC) recently said exports in the sector had slipped by 18 per cent year on year (YoY) in the first half this year due to global economic downturn. However, the situation will remain stable without notable positive trends, due to the economic situation in the United States and Europe, it predicted.
Cambodia has 1,077 factories employing 764,358 workers as of August 11, of which 802 are garment units, 140 produce footwear and 134 manufacture travel goods, according to TAFTAC president Kong Sang.
Sang released the figures at the 2023 Business Forum organised by the Cambodia Oknha Association (COA), according to Cambodian media reports.
