World Footwear

Trade

Cambodia’s exports consolidate growth

Jul 24, 2018 Cambodia
Cambodia’s exports consolidate growth
According to the Cambodia Garment and Footwear Sector Bulletin issued by the International Labour Organization, exports of garment and footwear grew by 9.5% in 2017. Growth trend was consolidated in the first semester of 2018 (+11%)
Cambodia’s General Department of Customs and Excise (GDCE) reported a positive outcome for the garment and footwear sector during the full year of 2017. The value of the sector’s exports grew by 9.5% year on year from 2016, reaching 8 020 million US dollars. In volume terms, 2017 saw the sector experience an increase of 10%, approximately 0.5 percentage points higher than the growth in value.

Footwear continued to grow in importance, with exports growing by 14.4% totaling 873 million US dollars for the whole year.

The garment and footwear sector remains the most important component of Cambodia’s exports, accounting for 72% of the country’s total merchandise exports for 2017.

A new report recently released by the National Bank of Cambodia (NBC), indicates growth continued in the first half of the year. The country’s garment and footwear exports rose to 4 billion US dollars in the first six months of 2018. This resulted in an increase of 11% and almost doubled the 6.9% rise recorded in the same period of the previous year.




Related Organizations

  • GMAC - Garment Manufacturers Association in Cambodia

    GMAC - Garment Manufacturers Association in Cambodia

    Cambodia