Cambodia’s exports of garments, footwear and light manufacturing products to the US declined by 0.89 per cent to $8,144 million during the first eleven months of 2023as compared to the same period in 2022, a report from the Ministry of Commerce shows.
The country’s shipments to the US accounted for 38.25 per cent of the total export volume of $21,292 million in the January-November period. Cambodia exports products such as garments, footwear and light manufacturing products to the US with tariff under the Most Favored Nation (MFN) treatment.
The main products exported by the country to the US include apparel, clothing accessories, leather, travel goods, handbags, electrical machinery and equipment, and footwear.
The country continues to be the biggest export market for Cambodia, says Hor Sereyvath, Chairman, Innovations and Development Investors Association.
The trade preferences for both GSP and MFN have boosted Cambodia’s exports to the US, adds Penn Sovicheat, Secretary of State, Ministry of Commerce.
