Cambodia's textile sectors feeling effects of global inflation, downturn

Garment workers at a factory at Ang Snoul district in Kandal province in January. - PPP

PHNOM PENH (The Phnom Penh Post/Asia News Network): Data from the General Department of Customs and Excise (GDCE) showed that in the first quarter of 2023, textile-linked exports reached US$2.449.4 billion, down a total of $705.6 million or 22.4 per cent over the same period last year.

Kaing Monika, spokesman for the Textile, Apparel, Footwear and Travel Goods Association in Cambodia (TAFTAC), said the slowdown was due to global economic factors such as inflationary pressures, the Russia-Ukraine war and the Covid-19 crisis.