Cambodia’s apparel exports decreased by 22.56 per cent to $1,654.632 million in the first quarter (Q1) of 2023, accounting for 30.7 per cent of its total foreign income of $5,392.013 million during the period, according to general department of customs and excise (GDCE) under ministry of economy and finance. This represents a significant drop from last year when the country’s apparel exports increased by 12.69 per cent to $9.035 billion.
During the period under review, Cambodia’s exports of apparel and clothing accessories (knitted) (Chapter 61) were $1,047.137 million, 27.3 per cent lower than the exports worth $1,440.385 million during the corresponding period of 2022. The country’s exports of apparel and clothing accessories (not knitted) (Chapter 62) dropped by 12.8 per cent to $607.495 million. In January-March 2022, the country exported apparel worth $696.729 million in this category. The decline in shipments reflects sluggish demand in the global market.
In March 2023, Cambodia’s apparel exports declined by 15.78 per cent to $571.187 million compared to the shipment of $678.263 million in the corresponding month of 2022. The shipment of apparel and clothing accessories (knitted) slipped 19.1 per cent to $379.385 million from $458.068 million during the same period last year. The exports of apparel and clothing accessories (not knitted) dropped by 8.8 per cent to $200.802 million in March 2023.
In full: https://www.fibre2fashion.com/news/apparel-news/cambodia-s-apparel-exports-down-22-56-to-1-654-mn-in-q1-2023–286969-newsdetails.htm