Cambodia’s garment sector showed decent performance in production, exports and growth in orders, while it imported fabrics worth $3.5 bn in the first nine months this year—an increase of more than 25 percent, according to the latest World Bank, which said garment exports to the United States rose by 31.9 percent to $3.4 bn in September 2021.
According to a report by the country’s general department of customs and excise, in the first nine months of 2021, exports for garments amounted to $8.24 bn, an increase of about $843.4 mn or 11.4 percent compared to the same period in 2020.
Kaing Monica, Deputy Secretary General of the Garment Manufacturers Association of Cambodia, said the increase in imports of raw materials for garment production this year was in line with the growth of exports of garments and travel products.
He said the growth in each sector differs slightly with clothing seeing the lowest growth of about 5 percent between January and September this year, but footwear sector increased by approximately 15 percent and for travel products by more than 30 percent compared to the same period last year, reported.
Cambodia’s garment sector showed decent performance in production, exports and growth in orders, while it imported fabrics worth $3.5 bn in the first nine months this year—an increase of more than 25 percent, according to the latest World Bank, which said garment exports to the United States rose by 31.9 percent to $3.4 bn in September 2021.
