The country’s total export earnings were worth $26.19 billion last year, out of which 52.46 per cent came from GFT goods. This trend is expected to continue this year as well.
Cambodia’s exports of garments, footwear and travel goods were worth $13.74 billion in 2024—a YoY rise of 23.78 per cent.
Its total export earnings were worth $26.19 billion last year; 52.46 per cent came from the sector.
This trend is expected to continue this year.
Export of knitted apparel articles and clothing accessories and non-knitted apparel earned $6.63 billion and $3.15 billion in 2024.
The fear of US President-elect Donald Trump imposing additional tariffs on import of products originating in China has resulted in manufacturers currently based in China looking to move both investment and production bases to other countries, especially Southeast Asia.
The European Chamber of Commerce in Cambodia (EuroCham) and the Textile, Apparel, Footwear & Travel Goods Association in Cambodia (TAFTAC) had in November last year predicted such a surge in exports.
The GFT sector in the country made a turnaround last year after continuously declining for close to 18 months from mid-2022 till the end of 2023, a domestic newspaper reported.
Export of knitted apparel articles and clothing accessories earned $6.63 billion in 2024—a YoY growth of 21.2 per cent. Non-knitted apparel articles brought in $3.15 billion—a YoY growth of 31.9 per cent.
Articles of leather and travel goods brought in $2.05 billion—an increase of 20.4 per cent YoY. Footwear exports earned another $1.68 billion last year—a growth of 23.1 per cent YoY.
Fibre2Fashion News Desk (DS)
