July 26, 2011

CAMBODIA: Garment exports rise 32% in H1

[Just-style.com]

Cambodia's garment exports in the first half of this year rose 32% on last year to reach US$1.858bn, according to the latest figures from the Cambodian Ministry of Commerce (MOC).

The data shows the US remained the largest export market during the period, accounting for 51.66% of total export turnover. Shipments to the country rose 17% to US$960m.

Mr Ken Loo, secretary general of the Garment Manufacturers Association in Cambodia (GMAC), told just-style this growth is due to a combination of factors, including "relaxed EU rules of origin, the global economic recovery, and a shift in business away from China and other countries due to labour shortages."

Helped by their duty-free status, exports to the European Union rose 54% to US$532m in the first six months of 2011.

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