As per the Garment Manufacturers Association of Cambodia (GMAC), exports of garments and footwear products in the country will remain strong for the rest of this year owing to the pre-orders from international buyers. The garment manufacturers will continue to see strong export growth from October till December as the orders for this period were already placed in August and September.As a result, the export volume in the second half of this year will be as strong as the one in the first six months.
However, the possible loss of preferential Everything But Arms (EBA) trade scheme for exports to EU countries could pose a psychological impact on international buyers, which could be seen next year. According to a National Bank of Cambodia (NBC) semi-annual report released in July, garment and footwear exports represented $4 billion in the first half of this year, an increase of 11 per cent compared to the same period last year,
Cambodia’s factories supply to global brands such as Gap Inc, Swedish fashion brand H&M Hennes & Mauritz AB, and sportswear brands Nike, Puma and Adidas, and others. The Kingdom’s main markets for garment and footwear products are the US and the EU.