Cambodia has included garments among potential products that can be exported to Turkiye in greater volume. Bilateral trade between Cambodia and Turkiye witnessed a growth of 70 percent in 2022 compared to the previous year. Cambodia’s garment exports also jumped 110 percent to $84.143 mn last year. If both countries intensify their efforts to boost trade, textiles may be the major products to get a boost.
Officials from Cambodia’s Ministry of commerce recently held a virtual conference with their counterparts from Turkiye. They shared ideas and experiences to enhance economic cooperation, trade, and investment. They also discussed the feasibility study for an economic agreement between them.
Cambodia’s apparel exports to Turkiye have noticed an upward trend after the COVID disruption. The outbound shipment reduced to $37.564 mn in 2020 from $48.314 mn in 2019. The export value was at $56.782 million in 2018. It increased to $40.609 million in 2021 and $84.143 mn in 2022, according to market report. Cambodia’s import of garments from Turkiye was negligible.
Cambodia was an importer of fabric from Turkiye. However, the trade was not very large. Cambodia imported fabric worth $9.385 mn in 2022, which was lower than the shipment of $13.025 mn in 2021. The inbound shipment was noted at $12.099 mn in 2020, $7.842 mn in 2019, and $4.935 mn in 2018, as per market report.
