Cambodia’s exports of garments, footwear, and travel goods are up 24.9 pct in 11 months
Cambodia’s exports of garments, footwear, and travel goods are up 24.9 pct in 11 months
Cambodia exported garments, footwear, and travel goods worth $12.22 billion during the first 11 months of 2024, up 24.9 per centyear over year, according to a report from the Ministry of Commerce on Thursday.
The report said that this year’s cited period, garments worth $8.94 billion were exported, an increase of 25.8 per cent year over year. Footwear products worth $1.5 billion were also shipped to international markets, up 24.3 per cent.
In addition, travel goods equivalent to $1.78 billion were exported during the same period, up 21.5 per cent.
Hoe Ee Khor, chief economist of the ASEAN+3 Macroeconomic Research Office, said the garment, footwear, and travel goods (GFT) sector remained one of the key drivers for Cambodia’s economic growth.
“Growth in the GFT sector is projected to rebound steadily in 2024, driven by stronger demand for consumer goods in major advanced markets,” he wrote to Xinhua in a recent email.
The GFT industry is the largest foreign exchange earner in Southeast Asian countries.
The sector currently consists of about 1,538 factories and branches, employing approximately 913,000 workers, mostly female, according to the Ministry of Labor and Vocational Training.
