Cambodian garment exports decline amid global slowdown, says commerce ministry

Photo from Phnom Penh Post/ANN

PHNOM PENH (Phnom Penh Post/ANN): Cambodia's textile, garment, footwear and clothing exports have seen a sharp decline in the first nine months of the year, a trend attributed largely to falling global demand, particularly in the EU and US markets, the Ministry of Commerce reported.

During this period, clothing exports shrank by over 17%, footwear by over 25%, handbags by more than 13% and textiles by over 7%. In monetary terms, garment exports totalled over $5.929 billion, while footwear brought in over $991 million. Handbags and other textile products accounted for over $1.223 billion and $325 million respectively.