Apparel exports rise by 11% in first five months of 2010

June 12, 2010 (Cambodia)

During the initial five months of the current year, the textile and apparel exports of Cambodia witnessed 11 percent year-on-year growth. This improvement is a result of recovery in foreign demands, as the international market is witnessing revival from the financial crisis. The figures from the Ministry of Commerce showed that, the country exported apparel goods worth US $1.062 billion during January to May 2010, recording around 11 percent increase against $953 million export, during the same period, in the year 2009. While, the clothing exports to US improved by around 8 percent to $643.4 million from $594.4 million, revealed the statistics. As also to the European Union these exports increased to $247.6 million during these first five months, from $224.3 million for the same period in 2009, recording a growth of 10.4 percent. Apparel exports to other foreign markets showed 26.5 percent surge by gathering $171 million in the first five months of 2010, as against exports of $135.2 million during the same period last year. The clothing exports witnessed an improvement of 27 percent in the month of May. It exported $216.4 million worth of garments in this month, against apparel exports of $170.8 million in the same month of 2009. However, the clothing and textile exports of Cambodia experienced a plunge of around 16 percent in the year 2009 against the exports of 2008. The country brought in $2.658 billion through apparel exports in 2009, while $3.158 billion in 2008, according to the Ministry of Commerce.

Fibre2Fashion News Desk - India