Cambodia Garment Exports Up 11 Percent.
Garment and textiles exports in Cambodia rose by 11 percent in the first five months of this year, according to country’s Commerce ministry.
Egytex News Desk
Source: www.commodityonline.com
Cambodia exported $1.062 billion in garments during the period, an 11.43 increase over $953 million in exports January to May 2009, said the ministry in a report.
Sector growth was the result of recovering economies in foreign countries and government attempts to link suppliers with foreign buyers, the report said.
Cambodia’s garment exports to the US increased nearly 8 percent to $643.4 million from $594.4 million.
Shipments to the European Union increased 10.4 percent, to $247.6 million during the first five months, from $224.3 million for the same period in 2009, and exports to other foreign markets rose 26.5 percent to $171 million from $135.2 million.
May also experienced growth in garment exports of nearly 27 percent compared with the month last year, reaching $216.4 million from $170.8 in 2009.
Cambodian garment and textile exports dropped 15.83 percent in 2009 to $2.658 billion, from $3.158 billion a year earlier.
Source: www.commodityonline.com
From the Egytex news archive, first published on 10 June 2010. Figures and names are as reported at the time.
