Cambodia has registered impressive growth in apparel exports to its neighbouring countries such as Thailand, Singapore, and Malaysia. Shipments to Thailand and Malaysia grew by more than 40 percent, while that to Singapore registered a mild growth during 2022. The exports to neighbouring countries compensated for slower shipments to the West.
Cambodia exported apparel worth $57.604 mn to Thailand during 2022, up from $41.010 mn in 2021. Cambodia managed to recover the shipment in 2022 after a steep fall in 2021. The exports increased to $95.806 mn in 2019 from $89.081 mn in 2018, but it slipped to $73.986 mn in 2020 and further nosedived to $41.010 mn in 2021, as per market report.
The exports to neighbouring countries witnessed a downward trend in 2021 in comparison to 2020. Cambodia’s exports of apparel to Singapore fell to one third to $50.700 mn in 2021 from $156.221 mn in 2020. It recovered to $51.625 mn in 2022. The exports amounted to $81.615 mn in 2019, $66.590 mn in 2018 and $71.047 mn in 2017.
The exports to Malaysia increased to $50.435 mn till November 2022 from $33.169 mn in 2021. The exports until November 2022 were 50 percent higher than last year. However, it registered negative growth since 2019 when the shipment slipped to $57.973 mn from $58.424 mn in 2018. It further declined to $37.602 mn in 2020 and $33.169 mn in 2021, according to market report.
