Category-wise, knitted apparel exports rose 22.7 per cent to $6.1 billion, non-knitted apparel grew 33.3 per cent to $2.83 billion, and leather and travel goods earned $1.87 billion, up 22.1 per cent. Footwear exports increased 24.3 per cent to $1.5 billion, while other textile articles grew 37 per cent to $187 million.
Cambodia’s garment, footwear, and travel (GFT) goods exports surged 25.23 per cent year-on-year in January-November 2024 to $12.51 billion, comprising 52.3 per cent of total export earnings, as per GDCE data.
Key categories like knitted and non-knitted apparel, footwear, and travel goods saw robust growth.
Employing nearly one million people, the GFT sector remains vital to Cambodia’s economy.
In November alone, GFT exports rose 46 per cent year-on-year to $1.32 billion.
Cambodia’s GFT exports have rebounded this year after an 18-month decline from mid-2022 to late 2023.
The GFT sector in Cambodia employs nearly one million people and accounted for 11 per cent of Cambodia’s economy, contributing 50 per cent to real GDP growth as of 2021.
Fibre2Fashion News Desk (RKS)
