Textile group exports up 24% in Jan-Sep, but slow in Q3

$8.630 billion worth of garment, footwear and other textile-related items had been exported in the first nine months of this year, despite heightened global uncertainty, making a 23.49 percent increase over the $6.971 billion registered in the same period this year, according to Customs. Garment Manufacturers Association in Cambodia (GMAC) secretary-general Ken Loo stated that the exports of these items were slowing in the second half of this year, whereas the January-June figure had represented a year-on-year hump of nearly two fifths. During the past month, the World Bank raised its 2022 growth forecast for Cambodia’s real gross domestic product (GDP) to 4.8 per cent, from 4.5 per cent in April, as a rise in the export of garment, footwear and travel goods (GTF), bicycles and agricultural items continue to underpin post-Covid-19 economic recovery.

Reference: May, K. (2022, October 13). Textile group exports up 24% in Jan-Sep, but slow in Q3. Phnom Penh Post. Retrieved from https://www.phnompenhpost.com/business/textile-group-exports-24-jan-sep-slow-q3