Cambodia's garment exports increased by 26% in 2010

Xinhua News Agency, Phnom Penh, January 27th (Reporter Zhang Ruiling) The Secretary of State for Cambodia’s Ministry of Finance Benso Lusa said on the 27th that Cambodia’s clothing industry recovered well after the global financial crisis in 2010. In 2010, garment exports reached US$3 billion. The US$2.38 billion in 2009 grew by 26%, basically returning to 2008 levels.

Pansolasa said that this shows that Cambodia’s national economic recovery has maintained a good momentum. Bansourasa also explained that Cambodia’s garments are mainly exported to the United States, Europe and Canada. In 2010, the country’s clothing exports to the United States amounted to approximately US$2 billion.

Bansourasa predicted that with the gradual recovery of the global economy and the EU’s revision of relevant laws, Cambodia’s ready-to-wear export environment will be more favorable, and the Cambodian government’s relevant departments are taking active measures to expand Japan’s garment export market. It is believed that the 2011 Cambodian apparel industry There will be better performance.

Garment export is one of the pillars of Cambodia’s economic growth and has created more than 300,000 jobs.

According to statistics provided by the Union of Cambodian Trade Unions, Shaoan, Cambodia currently has about 470 garment and shoe factories. In 2010, 51 factories were closed and 4 were discontinued, but 91 new plants were started. In 2009, there were 90 factories in the Cambodian garment industry closed down, 55 companies stopped production, and 47 new factories were started.