Cambodia sees 16% rise in garment, footwear exports in 6 months

21 July 2014

Garment and footwear industry, Cambodia's largest income earner, saw a 16% increase in exports in the first six months of 2014.

The country exported apparel and footwear products worth 2.92 billion U.S. dollars during the January-June period this year, up 16% from 2.51 billion U.S. dollars over the same period last year. The products are mainly exported to European countries and the United States. The exports to Europe were valued at 1.14 billion U.S. dollars in the first half of this year, up 32% and the exports to the U.S. dropped by 2% to 999 million U.S. dollars as the sales to other countries rose by 25 percent to 787 million U.S. dollars.

The sector comprises 960 factories with some 620,000 workers. It earned 5.5 billion U.S. dollars from exports last year, accounting for about 80% of the country's total exports. Wage dispute remains hot since pro-opposition trade unions, which represent about 19% of the workers.

Source:

http://thecambodiaherald.com/cambodia/detail/1?page=13&token=ODExMWQ2YmE3NzM