Cambodia’s apparel exports to US defies COVID impact, economic odds

Defying COVID impact, Cambodia continued to register an impressive growth in its exports of apparel to the United States. Cambodia’s exports to the US increased in 2020 over the previous year despite the COVID-19 disruption and jumped again by around 20 per cent in 2021. The exports during the first ten months of 2022 have already breached the level of 2021. 

Multiple countries faced a decline in their apparel exports during 2020 due to global lockdowns and disruptions. But the exports from Cambodia increased to $2.953 billion in 2020 from $2.730 billion in 2019. The shipment from Cambodia had witnessed a continued rise in preceding years as well, amounting to $2.164 billion in 2017, $2.447 billion in 2018 and $2.730 billion in 2019, according to Fibre2Fashion’s market insight tool TexPro. 

Cambodia exported apparel worth $3.935 billion in the first ten months of 2022, which is higher than the exports of $3.522 billion in 2021. The exports are expected to be $4.2 billion for the full year 2022. Therefore, the shipment is expected to register an overall growth of more than 20 per cent on an annual basis, as per TexPro. 

In full: https://www.fibre2fashion.com/news/apparel-news/cambodia-s-apparel-exports-to-us-defies-covid-impact-economic-odds–285134-newsdetails.htm

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