Cambodia’s exports of garments, textiles, shoes, travel goods hit nearly $14 bln in 2024
Cambodia’s exports of garments, textiles, shoes, travel goods hit nearly $14 bln in 2024
The Ministry of Commerce said in a report on Tuesday that Cambodia exported garments, textiles, footwear, and travel goods worth $13.92 billion in 2024, up 23 percent over the previous year.
The report said garment exports stood at $9.79 billion last year, a 24 percent increase from the previous year. It added that textiles worth $499 million were shipped to international markets, up 17 percent.
The report added that $1.68 billion worth of footwear was exported, up 23 percent, while travel goods equivalent to 1.95 billion dollars were sold to international markets, up 19.6 percent.
Hoe EeKhor, chief economist of the ASEAN+3 Macroeconomic Research Office (AMRO), said the garment, footwear, and travel goods sector remained one of the key drivers of Cambodia’s economic growth.
“Growth in the sector rebounded steadily in 2024, driven by stronger demand for consumer goods in major advanced markets,” he wrote to Xinhua in a recent e-mail.
The industry is the largest foreign exchange earner for the Southeast Asian country.
The sector currently consists of about 1,538 factories and branches, employing approximately 913,000 workers, mostly women, according to the Ministry of Labor and Vocational Training’s latest report.
