Cambodia’s textiles/apparel exports to the West drop in 2023

Cambodia’s textiles and apparel industry recorded a 13.3% drop in exports in 2023, down to $11.1 billion. Despite this, the industry has continued to invest, opening 241 new plants in the country in a year, reaching a total of 2,125 factories active at the end of 2023.

Cambodia’s apparel exports to the EU fell by 13% last year, to €3.2 billion. Exports to the USA collapsed, falling by 23.5% to $3.3 billion. Cambodia is the sixth-largest apparel supplier to both markets, and these setbacks were the main factors…