Cambodia's garment, footwear, and travel product exports suffered a 15% decline, falling from $11.7 billion to $9.9 billion in the first 11 months of 2023.
Apparel and textiles recorded $7.22 billion, down 14.8%, with footwear dropping 23% to $1.21 billion and travel goods decreasing by 9.8% to $1.47 billion.
The European Union, the United States, Canada, and Britain, key buyers of these products, contributed to the decline due to a global economic slowdown, particularly in the EU, said Ministry of Commerce’s Secretary of State Penn Sovicheat.
The sector, with 1,300 factories employing 840,000 workers, predominantly female, is crucial for Cambodia's foreign exchange earnings.
