Cambodia’s apparel exports down 22.56{05995459f63506108ab777298873a64e11d6b9d8e449f5580a59254103ec4a63} to $1,654 mn in Q1 2023

Gerard Ortiz
Cambodia’s clothing exports lessened by 22.56 per cent to $1,654.632 million in the initial quarter (Q1) of 2023, accounting for 30.7 for each cent of its whole overseas money of $5,392.013 million all through the interval, in accordance to typical department of customs and excise (GDCE) less than ministry of economic system and finance. This signifies a substantial drop from past yr when the country’s apparel exports amplified by 12.69 per cent to $9.035 billion. 

Through the time period beneath overview, Cambodia’s exports of clothing and garments components (knitted) (Chapter 61) were being $1,047.137 million, 27.3 per cent reduce than the exports worth $1,440.385 million through the corresponding time period of 2022. The country’s exports of attire and outfits equipment (not knitted) (Chapter 62) dropped by 12.8 for each cent to $607.495 million. In January-March 2022, the region exported apparel well worth $696.729 million in this class. The drop in shipments displays sluggish need in the world market place. 

In March 2023, Cambodia’s clothing exports declined by 15.78 per cent to $571.187 million when compared to the cargo of $678.263 million in the corresponding month of 2022. The shipment of apparel and clothes components (knitted) slipped 19.1 for each cent to $379.385 million from $458.068 million all through the exact same period very last year. The exports of apparel and clothing extras (not knitted) dropped by 8.8 for each cent to $200.802 million in March 2023. 

Cambodia’s attire exports fell 22.56 per cent to $1.65 billion in Q1 2023, accounting for 30.7 for every cent of the country’s total international cash flow.&#13
This decrease contrasts with a 12.69 for each cent boost in attire exports in 2022.&#13
The fall demonstrates sluggish world wide desire, with knitted exports slipping 27.3 for each cent and non-knitted exports dropping 12.8 for every cent.

As for imports, the country’s knitted or crocheted fabric (Chapter 60) imports through January-March 2023 have been valued at $591.904 million, 24 for every cent decrease than the imports worth $779.053 million in the exact same period of time of 2022. Manmade fibre (Chapter 55) imports declined by 18.9 per cent to $269.846 million, towards $332.693 million in the exact same period of 2022. Cotton (Chapter 52) imports slipped 7.3 for every cent to get to $129.145 million during the time period below evaluate, compared to $139.257 million in the identical period of time of 2022. 


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