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Cambodia exported $8.630 billion worth of garments, footwear and other textile-related items in the first nine months of this year, despite heightened global uncertainty, marking a 23.79 per cent surge over the $6.971 billion registered in the same period last year, according to Customs.
After Covid-19, Cambodia’s garment, travel goods and footwear makers and workers are faced with new issues that threaten each other’s rice bowl
After Covid-19, Cambodia’s garment, travel goods and footwear makers and workers are faced with new issues that threaten each other’s rice bowl Signs of an impending recession in the US and Europe are starting to show in the East, where demand and purchase orders have seen “significant drops” in the second half of 2022.
The commerce ministry and apex garment makers’ body have expressed concern over a decline in purchase orders from Western nations, Cambodia’s main garment export market, after members of the association reported reductions and revisions in contracts.
The Cambodian government has expressed concern over a drop in orders from the West after members of the country’s main garment association reported reductions and revisions in contracts.